Double Tap and AWAY!! - AUHere I have AUD/USD on the 1 Hr Chart!
Clear as day we can see 2 distinct Lows followed by a Pullback to .6653
Outlining what looks to be a Potential Double Bottom Pattern, I suspect we can see this pair move HIGHER!!
Adding Confluence to this idea is the fact we are getting a Strong RSI Divergence on these Lows showing Price is looking to head UP!
*Confirmation of Pattern comes when price BREAKS and CLOSES ABOVE CONFIRMATION!!
-Next we will look for a Retest of that Break for possible BUY OPPORTUNITIES!!
*Potential Target Profit being the Overhead Resistance Zone!
Oscillators
Bitcoin Rainbow Chart hints at the right buying time | 28.05www.blockchaincenter.net
Investors’ confidence in Bitcoin (BTC) has somewhat dwindled as the king of crypto fails to go above $69k. However, the Bitcoin Rainbow Chart revealed that BTC was actually mimicking its 2020 trend post-halving.
The revealed that after months of its third halving, the Bitcoin Rainbow chart revealed that the coin entered the “BUY” zone. After remaining in that zone for a few months, BTC’s price skyrocketed.
A similar trend was seen in BTC’s 2024 Rainbow chart, as it indicated that the coin was in the buy zone.
If that is to be considered, then this might just be the last opportunity for investors to buy BTC at a lower price before it moves up and enters the accumulate and HODL zones.
Like metrics, most of the technical indicators also looked bearish. For instance, the MACD displayed the possibility of a bearish crossover.
The Relative Strength Index (RSI) registered a decline, indicating a price drop soon. Nonetheless, the Chaikin Money Flow (CMF) remained bullish as it went northwards.
WHITEBIT:BTCUSDT
TSLL is Telsa with a boost of steroids LONGTSLL is an ETF of TESLA instruments leveraged 50% - while TSLA has its own range
percent from its volatility TSLL does this even more at a lower per share price.
On the 4H chart, TSLL can be seen pivoting down in a VWAP breakdown from a high
about July 19th. It is now in deep oversold territory supported by the redline of the
second standard deviation line below the thick black mean VWAP. On the ZL-MACD,
the cross under the histogram and the ascent of the lines toward the zero line shows
in my opinion bullish disvergence. Upside to the target just below the POC line of
the volume profile is about 15%. I will go long taking call options as :
1. contracts striking $ 16.00 for an expiration of 8/25 and,
2. contracts striking $ 17.00 for an expiration of 9/1.
I am anticipating overall profits of 100% as a goal in this trade. I avoid time decay
and in risk management I will close a position when it hits 100% or not less than
two days before the expiration. Good luck on this trade if you take it. DYODD !
COIN setting up long after a pullbackCOIN has a big jump July 13 after some good news on SEC litigation against crypto
and a court ruling was issued. It is shown here on a 15 minute chart.
Since a double top it went sideways for a week and then down trended. The anchored VWAP
bands serve to give context and serve to show dynamic support and resistance price was at the
mean VWAP on July 13th when it popped. In the price action since price did a VWAP breakout
and then a breakdown to bounce off the same mean VWAP black line and is now a bit above it.
As I believe COIN is now trending up with the relative strengths of the low and high time frames
at about the 50 level. I have set a stop loss below the VWAP line and targets as TP1 -105
TP2- 107 and TP3 -109 although the price could reach the highs of 7/13 especially if
there are legal or regulatory updates favorable to the cryptocurrency sector. I will also take
a look at RIOT and MARA.
Time to DCA Bitcoin againI'm keeping this simple: the current Bitcoin price is under the 2 Year Moving Average and the 3 Day RSI is showing oversold. In the past, the combination of both these factors indicated a good buying opportunity for the rest of the cycle. We can't know how much lower bitcoin will go, or how long it will stay at current levels, but I will be buying regularly again.
NZDJPY Hello friends
In the NZDJPY currency pair, we see sharp and strong growth.
In the formed ceilings we see the divergence.
If he pays attention to the trend line which is drawn as support, he can initiate a corrective process if the trend line breaks and pullback to it.
To support me, I recommend that you install Trading View software on your phone and see my analysis and support me with your comments and Boost.
Be successful and profitable.
📈Market Analysis and ENS Coin Review🔍🔍Bitcoin has been ranging for several days, and the main market volume has shifted to Ethereum. This shift is primarily due to the significant hype surrounding Ethereum's ecosystem, attracting more investor interest compared to Bitcoin.
📆 Today's Coin: ENS
Today's focus is on ENS, a coin within the Ethereum ecosystem. Due to the substantial hype around it, ENS has the potential for significant upward movement.
🗂 About the ENS Project
ENS, which stands for Ethereum Name Service, provides domain names for Ethereum wallets, making asset transfers easier. Similar to how domain names simplify website navigation, ENS domains facilitate the easy identification and transfer of assets.
🧩 Chart Analysis
After reaching the resistance at 26.39, ENS entered a ranging phase. From the beginning of 2024 to mid-April, it remained within a box between 16.55 and 26.39. It then broke downwards, reaching the 0.618 Fibonacci level, which coincided with a trendline on the chart, forming a support at 13.19. Following a month of consolidation, ENS broke above 16.55 and reached 26.39 again, where it is currently consolidating.
📊 Volume Analysis
During the recent upward movement, volume increased significantly, indicating strong trader interest in ENS. Following the test of the 26.39 resistance, the volume started to decline, which is typical as the market decides its next move.
🪄 Indicators and Oscillators
The RSI oscillator entered the overbought zone coinciding with the resistance at 26.39. If the RSI breaks the next overextended level at 79.01, it would indicate sustained momentum, potentially allowing the price to break 26.39 and target 38.34. Conversely, exiting the overbought zone might signal the activation of a bearish divergence, but this needs confirmation through new market structures.
👨💻 Futures Trading
📈 Long Position : For a long position, entering after a break above 26.39 is advisable. Identifying a trigger in lower timeframes might be challenging, but if the price stabilizes above this level, it could yield substantial profits.
📉 Short Position : For a short position, the primary triggers are at 16.55 and 13.19, which are currently far from the price. However, a risky short position could be considered at 22.59 if volume starts increasing on the sell-side and RSI activates its divergence, indicating a temporary loss of bullish momentum.
🛒 Spot Trading
For spot trading, a break above 26.39 on the daily timeframe is a good entry point. Upon confirmation with a bullish candlestick, you can proceed with the purchase. If you already hold ENS, consider setting a stop-loss below the 13-dollar range. The initial target, if 26.39 is broken, is 38.34.
📝In summary, the analysis provided is based on current market conditions and chart data. Always cross-reference your analysis with other reliable sources and make your final trading decisions based on your personal strategy and market conditions.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2.
🫶If you enjoyed this analysis and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
Arcblock (ABT)** requested analysis **
On the above 2-day chart price action has corrected 50% since the sell signal in late January. Now is a good long moment. Why?
1) You know why.
2) Past resistance become support.
3) Support prints on the Fibonacci 0.786
4) Multiple oscillators print positive divergence with price action. On both USD and BTC pair.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: Trade
Risk: 2%, tiny market cap
Timeframe: Now
Return: No idea
Stochastic Momentum Indicator - Signal Over bought and Over SoldStochastic Momentum indicator signal over bought and over sold oppurtunities. Oscillating between 0 and 100, with above 80 signaling overbought and below 20 signaling over sold. These indications provide another check on your checklist for buy or sell oppurtunities.
WazirX (WRX)On the above 6-day chart price action has corrected over 90% since the sell signal in April 2021 (not shown). Now is the time to be long. Why?
1) You know why.
2) Price action and RSI resistance breakouts.
3) Multiple oscillators print bullish divergence over 120 day period.
4) Point no. (3) occurs on past resistance.
Is it possible for price action to fall further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: HKEX:19 / 100x
🥇Gold Analysis:Long-Term Trend and Key Scenarios👑🔍Let's dive into today's analysis, which is different from our usual cryptocurrency reviews. Today, we'll be analyzing gold on the weekly timeframe, as this is our first gold analysis in the channel. We'll start with a broad overview of the chart and later delve into lower timeframes.
⌛️As you may know, gold's long-term trend has historically been bullish. This is largely due to the persistent inflation in the United States, which averages around 4-5% annually. This means that the dollar loses about 5% of its value each year compared to the previous year. Since gold is traded relative to the US dollar, it naturally appreciates by approximately 5% annually, assuming no significant global events occur.
🤔However, US inflation is not the only variable affecting gold prices. For example, geopolitical events like wars can drive gold prices higher. This happens because countries feel threatened and central banks around the world increase their gold reserves as a safe-haven asset.
📰Other factors also influence gold prices. For instance, during Indian festivals, gold prices often rise due to the cultural tradition of wearing significant amounts of 24-karat gold in their festival attire.
📣Discussing all the factors would be too lengthy and beyond the scope of this analysis. The three examples mentioned above illustrate that the long-term bullish trend of gold is logical and expected.
📊 Technical Analysis
Now that we understand gold's long-term trend, let's examine the chart to explore potential scenarios from a technical analysis perspective. Before detailing the scenarios, we'll review the market's past behavior to give context to our projections.
📆Historically, gold has faced significant resistance between 2014 and 2071, with the price being rejected three times at this level. However, it eventually formed a higher low at 1815, above the previous low of 1619, and managed to break through this resistance zone. Currently, the price has reached the 0.786 Fibonacci extension level, where upward momentum has decreased, indicating potential weakness in the bullish trend. Despite this, the trend remains bullish until confirmed otherwise.
🪄 Potential Scenarios
📉 Correction Scenario : If a correction occurs from the current area, the first key level to watch is the 0.236 Fibonacci retracement, coinciding with 2238. The next critical zone is the golden zone (0.5 to 0.618 Fibonacci retracement), aligning with the previously broken resistance area, making it a strong and reliable support zone. Additionally, the 25 and 99 SMAs are significantly below the current price, suggesting a potential gravitational pull towards these moving averages. The initial target for the correction is 2238, with the second target between 2014 and 2071.
📈 Continuation Scenario : If the price continues its upward movement and breaks above 2434, the next target would be 2719. However, this scenario seems less likely due to several factors: the price is near a significant resistance, showing signs of trend weakness, it's far from the moving averages, the RSI is diverging after exiting the overbought zone, and the candle patterns suggest decreasing volume, which often precedes corrections. Moreover, a healthy uptrend typically requires periodic corrections to remain sustainable; otherwise, the trend becomes unreliable and prone to sharp reversals.
📝In conclusion, while gold has a long-term bullish trend driven by economic and geopolitical factors, the current technical indicators suggest a potential short-term correction. Monitoring key levels and market behavior will be crucial for making informed trading decisions. For long-term investors, understanding these dynamics can help in identifying optimal entry points. If you enjoyed this analysis and want to support me, please boost this analysis. Feel free to leave a comment or suggest a specific asset for future analysis.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2.
🫶If you enjoyed this analysis and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
TXRH a western theme restuarant stock LONGTXRH is here on a weekly chart with a linear regression line overlaid along with a Keltner
Channel indicator. Below the chart is the Chop Zone indicator. TXRH has been in a trend up
for more than six months. There were corrections in January and April. I conld suppose
another correction may occur in July whne trading volumes are lower for the summer.
In the meanwhile < I see TXRH as a good long trade until the anticipated July pullback or
the chop zone signal falls into the chop zone. TXRH is at an all time high. Typically it may not
be the best place to take a long trade but in this case I believe that the momentum will
persist and the trade will be quite profitable.
Crossover Trade - SOBHA📊 Script: SOBHA
📊 Sector: Realty
📊 Industry: Construction
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages are giving crossover.
📈 Right now RSI is around 63.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 1946
🟢 Target 🎯🏆 - 2113
⚠️ Stoploss ☠️🚫 - 1860
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
NasdaqPrice gave very good movement, nearly 300 points yesterday and now it is at crucial zone. 18600 is important in deciding the trend direction.
Buy above 18630 with the stop loss of 19590 for the targets 18660, 18700, 18740 and 18800.
Sell below 18550 with the stop loss of 18590 for the targets 18510, 18480, 18440 and 18400.
!8500 can act as support.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
SPX500 potential buy the dip opportunityYesterday the SPX500 dropped around 0.8%. this sets up an interesting dynamic where short-term traders may look to capitalize.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”).
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com) :
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com) :
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
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Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy.
Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
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Past Performance is not an indicator of future results.
Xiaomi Drops but Strong Results & EV Entry Are SupportiveThe stock of Xiaomi posts its first losing week in more than a month, despite its mostly strong quarterly results on Thursday and the upgraded guidance on EV deliveries. The drop likely reflects the broader decline of the Hang Seng Index due to geopolitical concerns. It also makes sense from a technical standpoint, since it had reached highly overbought levels.
It is now at a critical technical juncture, as it tests the 50 line on the RSI and is exposed to the 38.2% Fibonacci of this year’s advance. A breach of these levels would open the door to deeper correction that could challenge the EMA200 (black line) and the Ichimoku Cloud, but these levels can contains such moves.
However, Xiaomi reported a 27% y/y increase in revenue in Q1 and 37.6% y/y rise in operating profits. Furthermore, its smartphone shipments increased and the No 3 maker globally can benefit from the expected recovery of the market, following last year’s contraction.
Most importantly, the Chinese smartphone maker made its foray into electric vehicles this year, continuing to diversify and search for new growth markets. Demand for its SU7 sedan, deliveries of which began in late March, has been very high. It has already handed over 10,000 vehicles since May 15 and aims to deliver more than 100K units this year.
Its entry into EVs has fueled a rally in its stock and can drive further gains. Even if there is risk of deeper pullback, the path of least resistance is higher, especially if the 38.2% Fibonacci holds.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.