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SHIBA INU at Key Support: Will We See a Bounce or Breakdown?Evening Trading Family Shiba Inu (SHIB) is at a pivotal moment as it hovers around a key support level. Traders are closely watching for the next big move. Quick Overview: Shiba Inu, one of the most popular meme coins, has seen significant growth and strong community support. Now, it's testing an important support zone, which could determine its next direction. Upside Potential: A bounce from 0.0001764 could push SHIB toward 0.0001789, and if momentum builds, further gains up to 0.0001829 are possible, setting up for a potential breakout. Downside Risk: If SHIB fails to hold support at this level, a move down toward 0.0001736 and possibly 0.0001701 could be on the horizon. Be prepared for a high-volatility scenario as SHIB tests these crucial levels. Happy Trading MIndbloome Trader
COINBASE:SHIBUSD
by Mindbloome-Trading
3
Berkshire Hathaway Testing Crucial Levels: Will the Bulls WIN? Berkshire Hathaway (BRK.B) is approaching key levels that could dictate its next big move! Upside Potential : A break above $465.04 could push the stock toward the next target at $473.18, where bulls are likely to step in for a rally. Watch for increased momentum if price closes above these resistance levels. Downside Risk: If the stock fails to hold the current support around $459, a drop toward the lower support zone at $448.29 could be in play. Bears should be ready for action if the price breaks below this level. Stay sharp, traders—both scenarios present strong opportunities. Keep an eye on price action and volume! Happy Trading Mindbloome Trader
NYSE:BRK.B
by Mindbloome-Trading
Bitcoin(BTC) Near Key Resistance- Breakout or Pullback Ahead ??Bitcoin is approaching a critical resistance level at $65,420. 🚀 If BTC breaks through, we could see a push toward the next major target at $70,037. However, if it gets rejected, we might head back down to the support zones near $60,258 or even lower toward $57,315. 📉 Both bulls and bears should stay on high alert—this is a pivotal moment for BTC! Whether you’re looking for a breakout or preparing for a pullback, this chart is loaded with opportunities. Get ready to make your move! 💥 Trade what you see MB Trader
BITSTAMP:BTCUSD
by Mindbloome-Trading
TESLA Breakdown or Bounce? Critical Levels You Cant Miss!!!!Tesla (TSLA) just broke below a critical level, and now all eyes are on the $213 support. 📉 If bulls defend this zone, we could see a strong bounce toward $236 and beyond. However, if we lose this support, expect a drop to the next target at $207 and possibly down to $189. 📉 ⚡ Stay alert, traders—this could go either way! Watch for volume and price action around these levels. Are you ready to catch the move? 🚀 MB Trader
NASDAQ:TSLA
by Mindbloome-Trading
SasanSeifi| Are We Headed for $35/$40 !??Hey there, ✌ BINANCE:AVAXUSDT In the daily timeframe, we've witnessed a persistent downward trend for more than four months. Recently, the price corrected and has now entered a phase of positive volatility around the $20 level. After breaking the downtrend line, it successfully reached the critical $30 threshold, indicating significant growth. At present, after testing the $30 resistance, the price has retraced and is trading around $26. It's vital to maintain support levels between $25 and $20 for a continued upward trajectory. Looking forward, if we can hold these support zones and the price stabilizes above the 200 EMA and the $30 level, we could target a move towards $35 and potentially reach the $40 order block. For a better grasp of future price movements, it’s essential to monitor how the price reacts. Should the price fail to hold above these critical support levels and dips below the demand zone, we may see further corrections down to $15, $13.50, and $10. This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
by SasanSeifi
2024-10-10 - priceactiontds - daily update - daxGood evening and I hope you are well. tl;dr dax - Perfect two legged (ABC) correction on the 1h tf and now bulls are free to continue the short squeeze. Buckle up. Bears are only allowed to speak below 19250. If bears manage that, next target would be 19100 and a continuation of the trading range since last Tuesday. My swing long is going. comment : My line in the sand for the bulls was 19250 and the low was 19276. Bulls now want the third big leg up tomorrow and they have all the reason to assume it will happen. We have a perfect bull trend line, so watch what the market is doing around it and don’t short until it’s broken. I’m full bull here. current market cycle: bull trend key levels: 19000 - 20000 bull case: Bulls want the third leg to 19600+. That’s it. As long as the bull trend line holds, it’s bullish. You can either long now or wait on a breakout above 19450 with follow through. Either is fine. Stop is obvious (if not, ask me). Invalidation is below 19276. bear case: Bears fumbled it today. Selling was decent but they could not get below the breakout price 19270 and if bulls start the better buying tomorrow, I don’t think we will see much fighting. If bears somehow manage to print below 19250, consider me surprised and that I am wrong. Invalidation is above 19450. short term: Max bullish. Stop is still 19250. medium-long term - Update from 2024-09-01 : 4 Months left in 2024 and I do think the market is in a trading range where the upper area is around 19000 and the lower area is probably 17000 or 16000 if something bigger comes up. Since we are at the very top, I expect the market to go some sideways before trying to go down again. Next 2000 Points will be made to the downside but it’s too early to short this. current swing trade : Can do long now, 19358 or wait on breakout. Stop is the same. trade of the day: Selling 19400 was decent I guess but on these days you find the middle of the range and scalp.
EUREX:FDXSZ2024Long
by priceactiontds
2024-10-10 - priceactiontds - daily update - oiltl;dr oil - 297 points given to you yesterday. Hope you made some. 76 could be resistance but I can see this printing 78 again tomorrow. Either way, bad place to buy right now. Need better pullback or a buy near the 1h 20ema or bull trend line. I got nothing for the bears here either. They made big bucks and did not fight this much. comment : Closed the given swing long for around 260. I hope you also made some. Bulls are in control again and I doubt bears want to fight this big time before 77 or higher. current market cycle: strongest bull trend key levels: 71 - 80 bull case: At 75.55 I don’t know how deep the pullback can get. Lowest should be around 74. There is a bull trend line and the 1h 20ema is around 75. Above targets are 77/78 and if bulls get wild again, we will print 80 soon. After such wild moves up and down, it’s more reasonable to not expect more extremes and maybe somewhat more contracting prices and sideways movement before the impulse. Invalidation is below 74. bear case: They gave up above 74.5 and their next target is to keep the market below 77 and turn more neutral again. I honestly don’t have decent arguments for the bears. They made big points on the pullback and now bulls try again. I would not look for shorts in this. Invalidation is above 76.5. short term: Bullish for 77 or higher. Neutral below 74. medium-long term - Update from 2024-10-06: That bear trend is over and we are again in the big trading range 64 - 78/79. I would update this again if we break above 80 with follow through. current swing trade: None trade of the day: Gave you the swing long yesterday at 73.28. That.
NYMEX:MCL1!Long
by priceactiontds
HDFC Bank: Navigating Bearish Momentum Amid Key LevelsNSE:HDFCBANK : Navigating Bearish Momentum Amid Key Levels NSE:HDFCBANK : is currently facing bearish momentum, encountering significant downward pressure as it tests key support levels. As traders, it’s crucial to analyze the following resistance and support zones to gauge potential market movements: Resistance Levels: 1726 / 1716: These levels are pivotal resistance points. A failure to breach these zones may trigger sell-offs, reinforcing bearish sentiment in the stock. Support Levels: 1676 / 1636 / 1596: The stock is attempting to establish support near 1636. A break below this critical level could accelerate downward momentum, signaling further weakness and inviting additional selling pressure. Upcoming Catalysts: HDFC Bank will announce its Q2 earnings report on October 18. This upcoming event is likely to introduce volatility, potentially influencing price action significantly. Market Outlook: Despite efforts to maintain support at 1636, HDFC Bank's overall trend appears weak. Traders should closely monitor price action around these key levels to anticipate potential shifts in momentum. Disclaimer: I am not a SEBI Registered Research Analyst (RA). This analysis is for educational purposes only and should not be considered as investment advice. Please conduct your own research or consult a financial advisor before making any trading decisions. If you found this analysis helpful, please consider sharing, following, or boosting this idea! Your support is greatly appreciated!
NSE:HDFCBANK
by Fight_Bulls_vs_Bear
3
BEL : Key Support & Resistance Levels at Current Price of 286.90NSE:BEL : Key Support & Resistance Levels at Current Price of 286.90 As NSE:BEL trades around 286.90, it shows signs of weakness, and it's essential to focus on the following support and resistance levels for potential trading strategies: Resistance Levels: Immediate Resistance: 295 – This level may act as a barrier for upward movement. Psychological Resistance: 300 – A significant psychological level that traders watch; a breakout above this could attract more buying interest. Key Resistance: 307 – A crucial level for confirming bullish momentum; a strong close above here may indicate a sustained upward trend. Support Levels: Crucial Support: 285 – This key level may provide buying interest. A break below this could lead to further downside. Stronger Support: 275 – Acts as backup support, offering a safety net for traders. Lower Support: 267 – If tested, it would indicate significant selling pressure, warranting close attention. Outlook: BEL appears to be weak at the moment. Holding below the 285 support could lead to further declines, potentially testing 275 and 267. A bounce back above 285 may provide a chance for a retest of 295, but caution is advised given the current weakness. Disclaimer: I am not a SEBI Registered Research Analyst (RA). This analysis is for educational purposes only and should not be considered as investment advice. Please conduct your own research or consult a financial advisor before making any trading decisions. If you found this analysis helpful, please consider sharing, following, or boosting this idea! Your support is greatly appreciated!
NSE:BEL
by Fight_Bulls_vs_Bear
SPY Multi-Timeframe Analysis: S&P 500 ETF Trust (SPY)1. Weekly Chart: Uptrend Intact: The weekly chart shows that SPY continues to trade within a broader uptrend, consistently making higher highs and higher lows. It has held above its key moving averages, particularly the 50-week moving average (blue) around $515. MACD Momentum: The MACD histogram shows continued positive momentum. This suggests that bullish sentiment remains strong, with no significant reversal signals yet. Key Resistance: We are testing the $577 level, which appears to be a significant resistance zone. If broken, SPY could extend toward new all-time highs. 2. Daily Chart: Testing Resistance: The daily chart provides a clearer view of the immediate resistance at $577. We’ve seen several attempts to break through this level, but so far, the price has been contained below it. Moving Average Support: The 50-day moving average (green) has acted as strong support, currently around $555.80. As long as SPY holds above this, the bulls remain in control. Momentum Indicator: The MACD on the daily chart is trending positive, showing increasing bullish momentum. This signals that a breakout above $577 is likely if this momentum continues. 3. 4-Hour Chart: Bullish Momentum Building: The 4-hour chart shows a series of higher highs and higher lows, indicating the bullish momentum is building. Price has been supported by the 50-period moving average at $564.10. Immediate Resistance: The key level remains $577. A clear break above this resistance level on strong volume could signal further upside, potentially pushing SPY toward the $580-$585 range. MACD Shows Caution: While the MACD remains in the green, it’s showing early signs of slowing momentum on this timeframe. This suggests that a brief consolidation or pullback might occur before a breakout. 4. 30-Minute Chart: Tight Range Formation: On the 30-minute chart, SPY is trading within a tightening range, with support around $572.21 and resistance at $577.11. Key Trendlines: We can observe two converging trendlines (green and red), which often precede a breakout. If SPY breaks above the red trendline (around $577), it could lead to a strong upward move. Conversely, a break below the green trendline would signal a potential retracement. Bullish Outlook: SPY remains in a strong uptrend across multiple timeframes, with positive momentum indicators and key moving averages providing solid support. The next critical level to watch is $577. A sustained break above this could see SPY move toward the $580-$585 range, continuing the bullish trend. Risk of Consolidation: However, there is a risk of short-term consolidation, especially on the lower timeframes, before any major breakout occurs. A drop below $564 on the 4-hour chart or $572 on the 30-minute chart could indicate a deeper pullback.
AMEX:SPYLong
by Deno_Trading
1
2024-10-09 - priceactiontds - daily update - oilGood evening and I hope you are well. tl;dr oil - 71.54 has a very good chance of being the low of this pullback. Confirmation is only above 74.7. Tough spot right now. I would not be surprised if Globex starts the pump early. Decent chance we see 76 tomorrow and 78 on Friday. Bears would surprise me below 71 and I do think we would see an even bigger flush below that price. comment : Yeah I know, oil again. Market is moving the most currently so embrace the volatility. I make it short today. 71.54 has a very good chance of being the low of this pullback. Market could retest 77, so 300+ ticks higher from here. If you would long this now, stop is either 69.8 or 71.5. Both are reasonable. Confirmation for the bulls is above 74.75. current market cycle: strongest bull trend key levels: 70 - 80 bull case: Bulls see the 3 legs down and a 200 tick buy from the lows. Next they want follow through to break above the bear channel and they know, bears will have their stops between 74.5 and 74.7. Above is no good resistance until 77 again. On the daily chart we can also see bulls bought the daily 20ema almost to the tick and the bull channel now looks proper. Enough reasons why a long now is a decent trade. Invalidation is below 71.5. bear case: Bears had a gigantic pullback and now 2 bigger tails below the daily bars. Are they gonna fight this or do they think they made almost 700 ticks from the highs and it’s probably reversing soon? If you look at the daily chart, you can not come to the conclusion that you want to short 73.35 right now. If we somehow manage to get below 71.5, the bulls case is probably dead but market would likely be more neutral than bearish. Invalidation is above 74.7. short term: Bullish with stop 71.5. medium-long term - Update from 2024-10-06: That bear trend is over and we are again in the big trading range 64 - 78/79. I would update this again if we break above 80 with follow through. current swing trade: Long 73.28, stop 70.5. Target 77 or higher. trade of the day: Shorts at 77 which was the big red line and August high. Market spiked and bulls who bought above 76.5 did not even had the chance to exit break even.
NYMEX:MCL1!Long
by priceactiontds
2024-10-09 - priceactiontds - daily update - nasdaqGood evening and I hope you are well. tl;dr nasdaq - Same as dax for me. Strong breakout and I do think we will retest 21000. September high is 20537 and there is a possibility, this continues to be resistance ut given the current context, the bulls are favored for higher prices. comment : Nested bull wedges on the daily chart and the bear gap to 20650 is getting very small. Only resistance left is the September high 20537 and the current breakout looks strong enough to expect higher highs above it and likely a retest of 21000. current market cycle: Bull trend (nested bull wedges) key levels: 19800 - 21000 bull case: Bulls prevented the market to close below the daily 20ema for 6 days and today bears gave up. Market refuses to go down and now we will test higher again. Bulls have all the arguments on their side if they stay above 20200. Below their case gets shaky again. Invalidation is below 20260. bear case: Bears see the open bear gap to 20650 and the upper bull wedge line around that same price. They will likely try to fight the bulls around that area again but I don’t think they want to risk much at that level. Market refuses to go down and their next best level for good shorts is 21000. If you are looking hard for more bear arguments… Maybe that the current volume is utterly trash and on the 1h tf you have another bull wedge and we are at the high of it. Pullback could go as deep as 20300. Can bears hope for some hot CPI and jobless claims tomorrow? I doubt it but you should not be in positions when the news is released or have really wide stops for your swings. Invalidation is above 20520. short term: Max bullish if the pullback stays above 20300. Neutral below. medium-long term: Very likely a retest of the ath before I expect a correction 10% or more, before another year end rally. Embrace the volatility. current swing trade : Nope trade of the day: Long the opening reversal. Was too strong to now long it, no ifs or buts.
CME_MINI:MNQ1!Long
by priceactiontds
Potential trade setup on GBPUSDWe are looking at a short trade on GBPUSD based on the stretch strategy. There is direction alignment with this trade, though the trend is still uptrend phase 2. Trade has taken out the lower stretch. We will exit the trade once range has been achieved. Trader Order Details: GBPUSD(Short) E - 1.3082 SL - 1.3095 T - 1.3024 We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
Short
by masterthemarkets2010
SasanSeifi|Will $1800 Be Ethereum's Next Support Level?Hey there, ✌ Ethereum has encountered corrections from the key resistance level of $2700 in the long-term time frame. Currently, the price reacted around $2200 and managed to experience positive movements toward the $2500 zone, as highlighted in recent analyses. However, mid-term analysis still indicates a bearish trend, with the price ranging at the $2300 level. In the mid-term, it's anticipated that Ethereum may approach the $1800 zone through some corrections. Upon reaching this level, market reaction will be crucial in understanding the future movement. Key resistance zones at the moment lie between $2500 and $2700. On the other hand, if the price breaks and holds above $2700, we might see further upward movement toward $3000 to $3200 This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
Short
by SasanSeifi
LIQUIDITY CONCEPT MODULEToday, I’m focusing on identifying potential buying opportunities in this trade. I'm analyzing market trends, recent price movements, and key support levels to determine the best entry point. I'm particularly interested in signs of bullish momentum, such as increased volume or positive news catalysts that could drive the price higher. By keeping a close eye on technical indicators and market sentiment, I'm aiming to position myself strategically for a favorable trade outcome. So wait and watch when price enter into our zone and which trade market will give to us. Always use proper money management and R:R ratio. Always use stoploss for your trade. # USDJPY 4H Technical Analyze Expected Move.
Long
by TradeTacticsreal
2