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FOUR PHASES ONE OUTCOMEPlease feel free to share your thoughts with me on the chart - as you can see BTC has currently lost key support at 19.1k and some change. The reason I believe the fourth phase has the potential to change everything, is that each time PA has tested key support (116 days and counting) it has either been off the back of a bullish pattern - see below. Phase two pushed PA back down to support via an ascending wedge (bearish) and the difference with phase four is that we again have an ascending wedge but this time the outcome has pushed PA below support whereas the previous took PA only to support before breaking out into a bullish pattern. Phase one - Triple Bottom Phase three - Descending wedge If someone is able to better explain my point and re-edit this post, or even crop the chart and edit it for themselves. Please feel free. Look forward to your comments Jon
COINBASE:BTCUSD
by Jonadam
4
JPM rows with a strong level of supportIdea: Long Horizon: 2-3 weeks Target: $113.5 Potential of the idea: 7% Entry volume: 13% Stop order: $102.3 Technical analysis The paper came to a strong support level. It is worth opening a position from the current level at 13% of the portfolio. By placing a stop order at the level of $102.3 the risk on the portfolio is 0.45%. The profit/risk ratio is 2.04. Fundamental factor. JPMorgan Chase & Co- is an American multinational financial conglomerate, one of the largest banks in the world. The Financial Stability Board (FSB) has recognized JPMorgan Chase & Co. as the most important financial conglomerate in the world, ranked first in the list of globally systemically important banks in the world. As the largest investment bank in the world and the largest commercial bank in the United States, it is one of the "Big Four" banks in the United States, along with Bank of America, Citigroup and Wells Fargo. On Friday, October 14, the U.S. corporate reporting season kicks off, with banks traditionally being the first to report. Analysts expect JPMorgan's revenue to rise to $32.11 billion and earnings per share to $2.92. If the reports will exceed analysts' expectations and the forecasts for the next quarter will be favorable, the market may put the current positive in the price.
NYSE:JPMLong
by SiriusBH
Boeing Company pushed back from support. Up!Ticker: BA Idea: Long Horizon: 1-2 months Target: $170 Potential of the idea: 28.59% Entry volume: 5% Stop order: $109 Technical analysis The testing of the support level of $120 was successful, and the price is consolidating above this level. With the volume of the position at 5% and stop order placement at $109, the risk on the portfolio will be 0.88%. The profit/risk ratio is 1.63. Fundamental factor The Boeing Company is the world's leading aerospace corporation and the largest manufacturer of passenger planes. The company's report, which will be published on October 26, may pleasantly surprise the market. If forecasts are confirmed, Boeing may show profit in III quarter, which will lead to growth of quotations.
NYSE:BALong
by SiriusBH
Titan Company Ltd - Breakout Soon + Keep an eye📊 Script: TITAN (TITAN COMPANY LIMITED) 📊 Nifty50 Stock: YES 📊 Sectoral Index: NIFTY 500 📊 Sector: Consumer Durables 📊 Industry: Gems Jewellery And Watches Weekly Time-Frame Key highlights: 💡⚡ 📈 Script is trading near at its resistance level which is around 2745 in both daily as well as weekly Time frame as mention in chart. 📈 MACD and Double Moving Averages may give crossover into next trading session. 📈 RSI is around 62. BUY ONLY ABOVE 2745 Last 5 year stock performance between Sep - Dec 💥2017: 35% 💥2018: 3.4% 💥2019: 7.6% 💥2020: 24.5% 💥2021: 26% 👉Strong fundamentals, Expensive valuation ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅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!🥂
NSE:TITANLong
by radha_23
7
KNC - Long Term Buy OpportunityKNC experienced strong downward price pressure over the course of September as the token crashed to its multi year lows in area $1.1-1.4, where is currently sitting. On RSI and MACD we can witness a potential bullish divergence on daily timeframes. RSI is in very "unexplored" areas as it is in deeply oversold territory (27-29), at levels reached only at the peak of the crash in June 2022 and October 2021. Nonetheless, price formed an higher low in the RSI vs the June 2022 crash. A retracement to higher levels is very likely anytime soon. I believe there is room for a reversal in price anytime soon. Volumes are falling, price is stabilizing, suggesting a potential U turn pattern. First macro resistance zone to breach is in $2.0 area. If it breaks can lead to further upside. Given long term nature of the trade, structuring the position including also spot buys would be preferable.
Long
by crypto_angelz
USDCAD LONG "early sellers doomed?"It's quite crazy every retail trader today is targeting USDxxx SHORTS & xxxUSD LONGS. This is because price has broken the retail trendline visible clearly on most USD PAIRS H4 Timeframes. However it is essential to understand that this is a game of Banks versus the Typical retail trader. On the Chart I posted here majority of people will be anticipating a SELL off meaning 'banks' would make a loss if we sold at current market price and price actually goes down. Hence I expect a bit of of a play around by the Banks potentially in the form of a WYCKOFF schematic to grab the liquidity at the POIs I marked on the chart where unlike most people I will be taking long positions to around 1.3800. At that zone I may go short if I see confirmation on smaller Timeframes but that might not be today. Please do check out my previous posts to understand why retail trading is a rigged game and you need a shift of mindset to win that is different from the herd mentality. If you found this post helpful, please share, like or leave a comment conveying your opinion as well. I have tagged my latest other posts below this idea. Happy trading.
Long
by Lawrence_G
1
Nvidia is globally compressed in range. Farther Up.NVIDIA Corporation Idea: Long Horizon: 2-4 months Target: $191 Potential of the idea: 43.6% Technical analysis The stock is near key support levels. The likelihood of a strong rebound in the near future is high. Fundamental factor NVIDIA is the world's largest developer of graphics gas pedals and processors. Its chip-based platforms are used in a wide range of industries - from computer games to cloud services and autopiloting. Global technological advancement will continue, and demand for semiconductor chips will continue to grow in spite of the obstacles. NVIDIA has a very strong position in segments that are expected to outpace growth in the coming years, and we remain optimistic about its future.
NASDAQ:NVDALong
by SiriusBH
2
Microsoft's local reboundMicrosoft Corporation Ticker: MSFT Idea: Long Horizon: 1-2 months Target 1: $264 Target 2: $281 Stop order: $233 Entry range: 238-241 USD Technical analysis The price is in the support zone around $241, where a local bounce up can be formed. Fundamental factor Microsoft is one of the largest multinational companies producing proprietary software for various kinds of computing equipment: personal computers, game consoles, PDAs, cell phones and others. On Sept. 20, company representatives announced that Microsoft is releasing special features updates for Windows 11. In addition, Microsoft said it would raise its quarterly dividend by 10% (to $0.68 per share). All of this is a positive backdrop for the company.
NASDAQ:MSFTLong
by SiriusBH
Accenture Turns UpwardTicker: ACN Idea: Long Horizon: 1 month Target: $300 Stop order: $253 Technical analysis The price of the stock has pushed away from the resistance level. Idea for the growth of the paper with a target of $300. Fundamental Factor. Accenture is a consulting company that provides consulting services to organizations in the areas of strategic planning, optimization and organization of business process outsourcing, customer relationship management, logistics process management, human resources management and information technology implementation. The company will report financial results for the fourth quarter of fiscal year 2022 on Thursday, Sept. 22. Analysts expect revenue of $15.426 billion and earnings per share of $2.57. If the report beats analysts' expectations and the company's management gives a good outlook, the market could put that positive spin on the price.
NYSE:ACNLong
by SiriusBH
Daily review of BTC interval 1DHello everyone, let's take a look at the BTC to USDT chart on a 1 day time frame. As you can see, the price is close to exiting the current downtrend channel. Let's start by determining the support that the price has in the event of a further correction, and as you can see, we have a support zone from $ 18,979 to $ 18,123 in front of us. Now let's move from the resistance line, as you can see, the first resistance is $ 19,222, if you can break it, the next resistance will be $ 19,899, the third resistance at $ 20,462 and the fourth resistance at $ 21,003. Looking at the CHOP indicator, we can see that on the 1-day interval most of the energy has been used and the MACD indicator shows that the blue line is approaching the red crossing from below, which could confirm the upward trend shift.
by cryptodailyuk
3
SOLUSDT is testing the resistanceThe price is testing the 4h resistance after a clear breakout from the 32.5$ area. Now the market is creating a pennant below the resistance. How to approach it? IF the price is going to lose the support and the pennant, and retest the support as new resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
2