RSI (Rush Street Interactive) - Break out from Local TopRSI is a leading online casino and sports betting company.
Recently, gaming industry stocks such as DraftKings are on the momentum up.
As markets are at all time high, more punters are expected to pile in. This industries tend to come up when we in a bull market. This is more of a thematic play
Targeting 9.50 and I have a very tight stop loss at 5.30.
Rectangle
Pendle - one of the strongest coin, 445% profit in weeksPendle is one of the stronger coins currently on the crypto market. We can see that we have had a pretty long consolidation where whales were accumulating coins. Of course they want to make money, so they sent the coin to the upside. We can see that the uptrend is starting to be parabolic, which is very good because you can make a lot of money in a short period of time. My profit target is the 2.618 FIB extension, which is 445% profit from the current price if you buy the coin right now.
About Pendle - Pendle is a protocol that enables the tokenization and trading of future yield. With the creation of a novel AMM that supports assets with time decay, Pendle gives users more control over future yield by providing optionality and opportunities for its utilization.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Petronet LNG #PSU worth to look for!Is it gonna break multi-year range?
With recent Q3 results I can assume that the price action got the support of Fundamentals
as you can see the price just attempted to break its barrier
though it is unsuccessful; looking at the similar pattern before -- the current structure almost resembles the pattern the stock is following.
like historic pattern, price being above the R1 pivot gives confidence that it will eventually break out of the range and inch higher
#PSU
DXY CHART ANALYSIS...
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
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Polkadot is getting ready to moving upward Hello SSE community
As you can see in the chart, 3Dot in this USDT pair is consolidating the potential supporting area around 6 - 5.8 dollar which is my potential entry zone if the supporting area works well.
My potential targets for Dot in the next 3 months are 20 - 23 dollar
If you are looking for short position in the current market pay attention to the level of liquidity around $7.3 it could be hunted all shorts then continue to the correction.
Big thanks, Let's change the WEB3 world together
ZIM - Breakout Seems Imminent ZIM Integrated Shipping Services Ltd operates within the transportation industry, specializing as an asset-light container liner shipping company. It provides a suite of services that includes land transportation, logistical services, and specialized shipping solutions for out-of-gauge cargo, refrigerated cargo, and dangerous or hazardous materials. The company's primary revenue is generated from the Pacific region, indicating its strategic focus on this geographical area.
Fundamentals (Event Driven):
As ZIM revenue is primarily driven from the Pacific region, we should see more shipping demand from Asia to US through the Pacific region due to Red Sea turbulence.
This places ZIM in a good spot to capture market share and at the same rate benefit from higher shipping rates. I do not see the Middle East escalation coming down any time soon.
Technicals:
Technically this has gone up nicely over the past month and a half. 100% gains and then took a breather for the last 16 days and seems like it's ready to go again (breakout).
Volatility has gone up and so has Volume, recipe for breakouts.
This is an event driven trade so reopening of Suez Canal or Panama Canal operating at full capacity faster than expected or a truce between Yemen and US forces should dampen volatility.
Looking for a comprehensive break around 15.12 to get in the first hour today.
Stops will be around 12.70.
Goodluck!
Dollar Index (DXY): Trading Plan Ahead of Payrolls 💵
Dollar Index is testing a support of a horizontal range on a daily now.
Ahead of the non-farm payrolls report, watch carefully the intraday price action.
The price is currently consolidating within a narrow range on an hourly time frame.
Its resistance breakout can give us a strong bullish confirmation.
Hourly candle close above 103.1 will confirm a violation,
a bullish continuation will be expected at least to 103.25
Remember that a bearish violation of a support of the range on a daily will invalidate the setup.
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DXY(US DOLLAR INDEX): Consolidation & Complete Indecision 💵 📊The DXY has been trading within a specific range since the end of last month. There are two possible outcomes depending on how the price reacts to the boundaries of this range.
📈In a bullish scenario, if the price breaks and closes above 103.80 (the upper boundary), I would expect it to continue rising to 104.27.
📉In a bearish scenario, if the price breaks below the support level of 102.93, we could anticipate a downward movement to 102.38.
It is recommended to wait for a breakout, as this will provide a strong confirmation of either a bullish or bearish trend...Trade safely 😉 👍 ✅️
CRUDE OIL (WTI): Morning Scalping 🛢️
Crude Oil is taking off from a major horizontal daily support.
As a confirmation, I spotted a tiny horizontal range with a confirmed neckline violation on that.
We can expect a pullback before the OPEC meeting today.
Goal - 77.0
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AUDCAD RECTANGLE CHANNELHello Traders! Welcome! Today, we're examining AUDCAD and identifying a promising trading opportunity. The price has been moving within the boundaries of trendlines, with the upper trendline breakout at 0.89883 and the lower trendline breakout at 0.89382. Notably, the price has recently broken below the lower trendline breakout at 0.89382, suggesting a bearish scenario for the pair. Targets are set by measuring the height of the rectangle channel to 100%, resulting in a target of 0.88053. Stay tuned for updates and happy trading!
NVIDIA Weekly Technical AnalysisNVDA weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines, Confluence, Cluster, Channel, Pitchfork, Rectangle, Fibonacci Extension - Hope it Helps, Good Luck
DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
Looking for a Breakout in Snowflake (SNOW)Company Info:
Snowflake is a cloud data warehouse that can store and analyze all your data records in one place. It can automatically scale up/down its compute resources to load, integrate, and analyze data.
As a result, you can run virtually any number of workloads across many users at the same time without worrying about resource contention. Workloads can include use cases such as batch data processing to interactive analytics to complex data pipelines.
Techincals:
It has been now consolidating inside the rectangle for almost 18 months and a breakout seems imminent. It used to one of the hottest stocks before the bear market.
Looking for price to rapidly cross 200-204.
Stops would then sit below 20 DMA (Daily Moving Average).
Target would be 280.
Applovin Corporation (APP) - Rectangle BreakoutCompany info:
AppLovin enables developers of all sizes to market, monetize, analyze and publish their apps through its mobile advertising, marketing, and analytics platforms MAX, AppDiscovery, and SparkLabs. AppLovin operates Lion Studios, which works with game developers to promote and publish their mobile games.
Technical:
There has been a breakout from months of consolidation
Position:
Yesterday, I bought before the close and my stop is at 41.58
Initial target is at 53.
IWM Channel BreakoutIWM is trying to break back out of the channel it's been in since April 2022. It broke out briefly in late December, but was rejected. This second breakout attempt looks promising, and usually leads to ATH after this much consolidation. Lots of earnings reports this week, but if the market holds up, small caps should have some room to run.
GTAI - This coin will 100x in 2024, buy nowGTAI is a new altcoin that was recently listed on major exchanges such as Bybit, Huobi, Kucoin, or GateIO. On coinmarketcap, this altcoin has a rank of #2296, which means it has a lot of room to go to the upside. 100x is not impossible with the current low market capitalization if you buy this coin now.
Technical analysis
It is really important to take a look at the technical analysis. This coin was listed on January 25th, which is 4 days ago, and today the price reached an all-time high. This is a very strong sign of interest from the bulls, and they are serious about pushing the price higher. The price is currently inside the bullish rectangular structure/accumulation phase. From the Elliott Wave perspective, we can see a strong impulse wave of 12345, which is another sign of strength from the bulls. In conclusion, there is nothing bearish or wrong with the price action, and the coin looks strong from my point of view.
What is GT Protocol?
The GT Protocol's robust ecosystem merges an investment protocol for decentralized Web3 funds management with Blockchain AI Execution Technology, both accessible through the GT API SDK.
The ecosystem includes the GT APP, a Web3 investment platform, which has already amassed 70,000 registered users and has achieved notable milestones, including becoming an official broker of the Binance exchange and securing a partnership with the TRON blockchain.
Blockchain AI Execution Technology: Simplifies crypto transactions, portfolio management and offers comprehensive AI-driven trading and investment tools through an AI conversational interface for both novice and experienced users.
AI execution technology enables the execution of any trade, swap, or NFT investment command on centralized exchanges, decentralized exchanges, and NFT platforms simply by sending a text prompt or even a voice message to our AI model. The purpose of this technology is to simplify and make the process of crypto investment and trading accessible for Web 2.0 users while also improving the UI/UX experience for professional Web3 users:
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Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
CADJPY Pair : CADJPY ( Canadian Dollar / Japanese Yen )
Description :
Rising Wedge as an Corrective Pattern in Short Time Frame and Rejection from Daily Resistance Level. Double Top Pattern as Correction in Short Time Frame and Long Time Frame and Rejection from its Second Top. Strong Divergence in RSI
BTC.D - technical analysis on the weekly chartThe BTC.D chart is very important to watch on the crypto market. It can predict an alt season or bitcoin season. Right now, I am expecting a bearish pullback to the rectangular formation and, after that, a bounce. If the price falls inside the rectangle, I become very bearish on the BTC.D chart. The price is currently below the main trendline, which is of course a bearish sign, but we need more confirmation.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
GBPUSD: Preparing For Rate Decision Next Week 🇬🇧🇺🇸
We are expecting a lot of important fundamental news next week.
Here is your trading plan for GBPUSD.
The market is currently trading within a wide horizontal range on a daily.
Depending on the reaction of the price to its boundaries, I see 2 potential scenarios.
If the price breaks and closes above the resistance of the range,
we can anticipate a bullish movement to 1.294 resistance.
A bearish violation of the support of the range and a daily candle close below that will most likely trigger a bearish movement to 1.254
Wait for a breakout, that will be your strong technical confirmation.
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