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SOLUSDT 1HInterval ChartHello everyone, let's look at the 1H SOL to USDT chart, as we can see the price has entered a sideways movement and is breaking sideways from the local downtrend line. Let's start by setting goals for the near future that we can include: T1 = $154 T2 = $162 T3 = $168 AND T4 = $175 Now let's move on to the stop-loss in case of further market declines: SL1 = $142 SL2 = $137 SL3 = $130 AND SL4 = $112 - $105 When we look at the RSI indicator, we will see that we are bouncing off the downward trend line, but we can see that the lateral price movement results in an increase in the indicator, which may again translate into an attempt to drop the price.
by cryptodailyuk
GOOGLE with a bullish secret mountainI mean, let's be honest, everyone knows this pattern so I probably don't need to over-explain. But basically, GOOGLE is quite bullish to 142. The RSI on the bigger charts still have room to climb, and the smaller charts are all pretty high. The thing to notice is the rejection off a resistance trend, with a high short term RSI and a longer term RSI that is pumping. The high short term, at the rejection area implies that a drop would be soon to follow. That drop is starting to line up right with some pretty solid short term trend support. If the short term trend support holds up, we can keep pumping until we hit the next resistance trend, which would probably coincide with a cool down. There are a few different paths that google could get up to the mid 140's, and the orange mountain drawing is one of them, and the one that provides a more natural growth in the short term with a healthier cool down. However, we could potentially see a more explosive move off the trend which might look more like this (pink) On a trend break, depending on where this occurs, we could see some major downside (or some not so major downside depending on your position) with a nice little bounce back. Which might look more like this. followed by a bounce somewhere (idk where) this is just a really really rough trading plan just incase we see a trend break and a drop. Lines are not accurate in terms of price and time frame. If we drop to the secret base, maybe just under 126, expect a missile launch. Missile launch could be a dud and might not make it back past 133.
NASDAQ:GOOGL
by nicktussing77
EURUSD - Bearish => Bullish 🎯Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📉 As per my last analysis , attached on the chart, EURUSD rejected the upper red circle zone and traded lower. Currently, EURUSD is approaching the lower bound of the red wedge pattern. Moreover, the $1.07 is a strong support. 🏹 Thus, the highlighted red circle with the blue arrow is a strong area to look for buy setups as it is the intersection of the blue support and lower red trendline. 📚 As per my trading style: As #EURUSD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
2
Bad EU data momentum trade (Apr 3)Fundamentals & Sentiment EUR: There was a lower than consensus Inflation data and a bad Unemployment print. I use these as triggers for a short-term momentum trade. CAD: Canadian economy is doing better than EU based on the main economic indicators. CAD is undervalued based on a few market internals (not EURCAD pairs though) Technical & Other Setup: S(RTF) Setup timeframe: 1h Trigger: 1h Medium term: Down Long-term: Range Min target: April 2 low Risk: 0.27% Other: expected a rejection from the heavy MAs
Short
by Cherry94
BNB?USDT 1HInterval Chart ReviewHello everyone, let's take a look at the 1H BNB to USDT chart, as we can see the zena is staying above the upward trend line, and locally we can see an upside exit from the triangle. Let's start by setting goals for the near future that we can include: T1 = $570.8 T2 = $592.50 T3 = $608.4 AND T4 = $627.6 Now let's move on to the stop-loss in case of further market declines: SL1 = $547.1 SL2 = $535.3 SL3 = $514.6 AND SL4 = $482.4 Looking at the RSI indicator, it can be seen that it has returned to the upward trend, with room for a possible continuation of growth. However, on the STOCH indicator we can see that it is approaching the upper limit, but it also has some room before recovery.
by cryptodailyuk
TSLA - Solid Bullish Divergence TSLA has been a solid short but I have a hard time believing that this stock is down for the count. Apparently I am not the only person who is thinking this way because in spite of the downside price action, the RSI (Relative Strength Index) is indicating that sentiment is overall bullish still and price should reflect it in the short term. I don’t know if I feel super bullish with the macro outlook but as far as expecting a decent bounce out of TSLA in the short term- probability points to more likely than not- upside price action in the short term.
NASDAQ:TSLALong
by Goontata84
2
The trendline on the btcusd weekly.The trendline had its importance, the price crashes into it and retraces, I hope only in the short term, otherwise I may have done the math wrong. There is. Nobody knows the future and technical analysis is the study of the past, therefore the probability that this ongoing movement is a short-term correction is high, for the simple context in which we find ourselves I made this reasoning, an all-time high and then a pullback, I think it's textbook. I also noticed an interesting date like March 29th, on that day there will be a very large number of options expiring, I don't know if it's related but given the amount of BTC in question, I think it's important to keep this in mind. The weekly candle that just closed the day before yesterday is a clear indecision candle drawn on a dynamic resistance like the trendline we see on the chart. So once the strength of the bears has run out, the bull could come back and perhaps even very violently until the intermediate correction, usually longer than 3/4 weeks, unless this is in progress, in which case the scenario would change slightly, but the underlying trend would remain clearly bullish.
BITFINEX:BTCUSD
by Melupira89
What is Dow Theory?The Dow Theory is a financial concept based on a set of ideas from Charles H. Dow‘s writings. Fundamentally, it states that a notable change between bull and bear trend in a stock market will occur when index confirm it. The trend that is recognized is considered valid when there is strong evidence supporting it. The theory states that if two indicators move in the same way, the primary trend that is identified is genuine. However, if the two indicators don’t align, then there is no clear trend. This approach mainly focuses on changes in prices and trading volumes. It uses visual representations and compares different indicators to identify and understand trends. Dow Theory: The Dow Theory originated from the analysis of market price movements and speculative viewpoints proposed by Charles H. Dow. It served as a fundamental building block for technical analysis, especially in a time when modern software-based technical analysis tools did not exist. Robert Rhea’s book “The Dow Theory” thoroughly explores the evolution and significance of the theory in speculative endeavours, closely examining the Wall Street Journal editorials written by Charles H. Dow and William Peter Hamilton in the 19th century. This theory represents one of the earliest efforts to comprehend the market by considering fundamental factors that provide insights into future trends. The main version of the theory primarily focuses on comparing the closing prices of two averages: the Dow Jones Rail (or Transportation) (DJT) and the Dow Jones Industrial (DJI). The premise was that if one average surpassed a specific level, the other average would eventually follow suit. Dow used an analogy to illustrate this concept, likening the market to the ocean. He explained that just as waves rise to a certain point on one side of the beach, waves on another part of the beach will eventually reach that same point. Similarly, in the market, different sectors are interconnected, and when one sector shows a particular trend, others tend to follow suit as they are part of a larger whole. The Paradigms of Dow Theory: To comprehend the theory, it is essential to grasp the various rules formulated by Dow. These principles, often referred to as the tenets of Dow theory, serve as guiding paradigms Three major market trends: The tenets of Dow Theory classify trends based on their duration into primary, secondary, and minor trends. Primary trends can be either upward (uptrend) or downward (downtrend) and can last for months to years. Secondary trends move in the opposite direction to the primary trend and typically last for weeks or a few months. Minor trends, on the other hand, are considered insignificant variations that occur over a shorter time span, ranging from a few hours to weeks, and are considered less significant than the primary and secondary trends. Primary trends have three distinct phases: Bear markets can be divided into three distinct phases: distribution, public participation, and panic. In the distribution phase, there is a gradual selling off of assets by investors. The public participation phase occurs when more individual investors start selling their holdings, leading to a broader decline in the market. The panic phase is characterized by widespread fear and selling pressure, often resulting in a sharp and rapid decline in prices. On the other hand, bull markets experience three phases: accumulation, public participation, and excess. During the accumulation phase, astute investors start buying assets at lower prices, anticipating an upward trend. The public participation phase occurs as more investors join the market and buy assets, contributing to the market’s upward momentum. The excess phase represents a period of exuberance and speculative buying, often marked by overvaluation and unsustainable price increases. Stock market discount everything: Market indexes are highly responsive to various types of information. They can reflect the overall condition of an entity or the economy as a whole. For example, any significant economic events or problems in company management can impact stock prices and cause movements in the indexes, either upward or downward. Trend confirms with volume: When there is an uptrend, trading volume rises and decreases while a downtrend starts Index confirm each other: When multiple indices move in a consistent manner, following the same pattern, it indicates the presence of a trend. This alignment among indices provides a strong signal of market direction. However, when two indices move in opposite directions, it becomes challenging to determine a clear trend. In such cases, conflicting signals make it difficult to deduce a definitive market trend. Trends continue until solid factors imply the reversal: Traders should be careful of trend reversals, as they can often be mistaken for secondary trends. To avoid this confusion, Dow advises investors to exercise caution and verify trends with multiple sources before considering it a genuine reversal. How Does Dow Theory Work in Technical Analysis? The Dow Theory played a crucial role in the development of technical analysis in the stock market and served as its foundational principle. Which, approach to analysis highlights the importance of closely observing market data to identify trends, reversals, and optimal entry and exit points for maximizing profits. As the market is considered an indicator of future performance, the application of technical analysis based on the Dow Theory helps investors make profitable trading decisions by identifying established long-term, mid-term, or short-term trends. By using this approach, investors can gain insights into market dynamics and make informed decisions to enhance their trading outcomes. In conclusion: The Dow Theory has significantly influenced technical analysis in the stock market, serving as a cornerstone for its development and advancement. By analysing the careful examination of market data, this theory helps traders to identify trends, spot reversals, and determine optimal buy and sell points for maximizing profits. The market itself is considered a reliable indicator of future performance, and technical analysis aligned with the Dow Theory assists investors in making profitable trading decisions by detecting established long-term, mid-term, or short-term trends. By using this analytical framework, investors can gain valuable insights into market behaviour and make well-informed choices to improve their trading outcomes. The Dow Theory’s enduring impact continues to guide traders in their pursuit of success in the dynamic world of stock market investing. ___________________________ 💻📞☎️ always do your research. 💌📫📃 If you have any questions, you can write me in the comments below, and I will answer them. 📊📌❤️And please don't forget to support this idea with your likes and comment
NSE:NIFTYEducation
by khushaljain023
NZDCAD - Keep It Simple 📊Hello TradingView Family / Fellow Traders, On 4H: Left Chart NZDCAD has been overall bearish trading within the falling channel in blue. Currently, NZDCAD is approaching the lower bound of the channel so we will be looking for sell setups on lower timeframes. On 1H: Right Chart 📈 For the bulls to take over, we need a momentum candle close above the neckline highlighted in gray. 📉 Meanwhile, NZDCAD would be bearish short-term and can still trade lower. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
Long
by TheSignalyst
2
Bitcoin Mid-Term Analysis4H Timeframe: Bitcoin broke through the $70,000 area and pulled back, forming a lower low and a lower high. These are the first signs of a trend change in the medium term. Based on this analysis, the first target for this correction is the $63,000 area and the second target is the $61,000 area. Weekly Timeframe: Bitcoin is still in an uptrend in the weekly timeframe. Therefore, caution should be exercised when taking a short position. Long-Term Trend: The price trend in the long term is strongly bullish. Any price drop at this stage could be a good opportunity for traders to re-enter and could be just a correction. Historical Precedent: In previous Bitcoin cycles, there have been corrections before halvings. Therefore, it is not unexpected that this will happen in this cycle as well. Disclaimer: The analysis provided here is for informational purposes only. You are solely responsible for the consequences of any trades you make based on this information.
Short
by CryptoPuzzle
Is there any upside potential for the main 2023 leader? NVDA demonstrated astonishing move for market-type stock, gaining more than +230% since Jan 2023. Is there any upside left in the mid-term? My analysis of the price structure suggest there at least on possibility for that in the mid-term, although... ... on Daily time-scale until price stays below 479 and Aug highs , I cannot rule out one more, potentially sharp and scary, move down to important mid-term support zone: 371-307 as per green count on the chart. Under this scenario, the price needs to find support in this area and start building the bottom and the right side of the base/cup. Alternatively, if price manages to consolidate above Sep low and create pivot around recent 476 highs, I would be eager to consider going long with price breaking above 479 with volume support. Trading thesis: until price respects 479 short-term resistance area, I would lean towards the short side, with any consecutive lower-low being a shorting opportunity (orange circle on a chart above as a potential example) with stops above recent high. Although mid-term analysis shows potential for at least one more leg up, in the short term we are in no mans land, with both sides (long/short) having technical arguments to support itself. I would wait for the dust to settle and high quality, low risk set-up to emerge before taking any decisive stance.
NASDAQ:NVDA
by artemfedorov
3
BTC new ATH and CorrectionHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price dynamically moved lower from the local upward trend line. Let's start by determining the support and as you can see, the price is in the support zone from $62,971 to $61,218, and may continue to stay around $58,999. Looking the other way, you can see resistance at the level of $64,493, then the second one at $66,360, and then a very strong resistance zone from $67,691 to $69,349, where the price described the new ATH. Looking at the RSI indicator, you can see a local downward trend line, with room for a larger correction, while on the STOCH indicator we are approaching the lower limit but a possible downward movement is still visible.
by cryptodailyuk