Levels of Interest $GETA levels of interest for NYSE:GE
Please note that this is a preliminary research paper and you should continue to do your own research (DYOR). Information about assets can change rapidly, and it's essential to stay updated with the most recent developments.
Notes on how I personally use my charts/NFA:
Each level L1-L3 and TP1-TP3 (Or S1-S3) has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic.
Just my personal way of using this. This is not intended or made to constitute any financial advice.
This is not intended or made to constitute any financial advice.
FED Macro Situation Consideration:
All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over.
NOT INVESTMENT ADVICE
I am not a financial advisor.
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Revival
🎯 HNT - short term profit takingI've been watching HNT for a while during this bear market just to get an opportunity to get a position in it. This came at the end of August when bad news spread about it moving to Solana network some of its own network transactions. I'll not get into the details here as you can find this bit in the news with a search.
What I need to mention from the beginning is that I now hold a position in it, so view the below with skepticism as I am biased on this topic.
Now to the analysis!
Ever since it bottomed it has been trading in this yellow ascending channel - which on the higher timeframe looks like a bear flag (more on this later).
It has also formed a revival pattern - an ascending triangle (in blue) that you can usually find around local bottoms. This pattern usually announces a bigger upside move. You can find this pattern on many coins/tokens around 18th June bottoms this year (including ETH).
Looking at the interactions the price had with H4 200EMA (magenta), it suggests that it is preparing for a move higher. Initially it was rejected with a wick (twice), then it scrambled around it and eventually it broke above it confidently.
Today this revival pattern also broke bullish - which confirms it wants to move higher than we are now.
This brings an opportunity for a long once the price retests the previous resistance area -> entry levels around 5.40$
We can consider now the H4 200EMA as dynamic support -> stop loss around 5.05$
Since the next EMAs on H8 and 12H can present dynamic resistance areas, which are confluent with previous wick tops, and also confluent with the middle and top lines of the channel, I'm looking at two profit levels -> 1st at 6.06$-6.20$ (in green) with a RR 2:1 and 2nd at 7.22$-7.77$ (in cyan) with a RR slightly above 5:1.
As we are still in bear market conditions I don't expect HNT to pump too much - as mentioned, we are playing inside in a bear flag and we should eventually break below it.
However, short term (3-15 days), I do believe this to be a nice profit opportunity.
💎 Looking forward for your questions below. If this idea provided you value, follow for more.
HTZ is now looking real goodThis has all the makings of revival gains! I can feel the bull in HTZ. 180 day EMA may act as resistance at 18.30 good gains will be made
NZD/USD - Start of a new uptrend?
Higher timeframe showing perfect rejection of a trendline, extra confirmation for this setup.
Looking for a pull back to .69700 , see price respecting that area of support to form a swing up.
If that happens aim back for .70 round number, when that breaks; target .70400 / .70500 area.
Stratis - interesting times ahead
looking at the charts we can see that there has been a trend reversal. we need tofollow this carefully as we want to see it keeping above that support line !
AUDJPY Short-term Technical OutlookYesterday's short-term technical outlook:
With the initial institutional resistance at 84.65 failing to hold we are seeing an easing in selling pressure. This could signal a revival of the longer term uptrend on this pair.
Next key institutional resistance is at 84.92. If this figure also fails to keep the upside in check we could see a decent revival and further upside on this pair.
I hope this offers a directional bias on this pair!
Enjoy!