Support
Possible break of market structureI've been bullish on tesla as I like the company and is currently in a very long-lasting swing low, however if price drops more than this minimum it is possible that market structure will break and will test the lows again. If we do see a break in market structure, then the first proposed trade of the referenced idea will fail. However, the second trade still stands, we buy and hold Tesla. It has solid financial fundamentals and has an amazing brand. I seriously doubt there would be further losses in this company. I will eventually talk about my fundamental analysis, but that won't be right now.
GICRE - Swing Trade 17% ROI Potential1) Stock is reversing from a 6 weeks old consolidation at a major weekly support - Previous low.
2) Stock is in uptrend
3) Daily is showing Bullish RSI Divergence.
4) Daily Price indicates compression Breakout as well.
My entry - 350
Target - 400
SL - 325
RR - 1:2
Bitcoin: Navigating "The Dow of Cryptocurrencies"Approaching a Pivotal Moment:
Bitcoin, often dubbed "The Dow of cryptocurrencies," is on the brink of a significant development.
Symmetrical Triangle Formation:
Recent price action has seen consolidation near the all-time highs within a symmetrical triangle formation.
Bullish Trend Continuation:
Consolidations near highs in bull trends tend to resolve upward. The current breakout above the upper trendline suggests the potential for another substantial upward move in Bitcoin.
Price Targets:
A rise to the $90,000-$92,000 range is anticipated, with potential resistance around $80,000-$82,000.
Vigilance Required:
While a false breakout remains a possibility, as long as prices stay above the May 1st low, the path of least resistance is upward.
This critical period demands close monitoring to navigate the potential outcomes effectively.
Stay informed and stay ahead in the Bitcoin market! 🚀📈
#Bitcoin #Crypto #BTC #MarketAnalysis #TechnicalAnalysis #Cryptocurrency #Blockchain #Trading
BNB/USDT 1HInterval Chart ReviewHello everyone, let's take a look at the BNB to USDT chart considering the one hour time frame. As we can see, the price is approaching the point of exiting the triangle, after the current recovery.
Let's start by determining the support line, as we can see, the price is based on a significant support at the level of $672, in case of breaking the support, the next support is $656, and then a very strong support at the level of $632.
Looking the other way, you can see the resistance at the price of $682, then there is a point at the price of $696, the third resistance is significant and has doubled the price increase at the level of $720, further resistance can be identified at the price of $736.
When we look at the RSi indicator, we will see that the energy is approaching the lower limit. We have a similar situation on the STOCH indicator, but here we are bouncing off the bottom of the mark, which slows down the decline.
Narrative Analysis and Market Insights | EU & EJ - 09 June, 2024Join me as I dive into my daily analysis routine, conducted every evening before the market opens. I'll show you how I decide whether to trade or stay out of the market the following day. My strategy revolves around trading just two currency pairs, and I'm excited to share my insights with you. Stay tuned for regular updates and trading tips.
BNB - New ATHs are coming soon BINANCE:BNBUSDT (1D CHART) Technical Analysis Update
BNB is currently trading at $676 and showing overall bullish sentiment sentiment. Price is currently retracing back to strong support. i think this support will hold and bounce back from there. We can enter a trade at current price and then DCA at lower price.
Entry level: $ 676
Stop Loss Level: $ 588
TakeProfit 1: $ 715
TakeProfit 2: $ 761
TakeProfit 3: $ 820.3
TakeProfit 4: $ 909
TakeProfit 4: $ 999
Max Leverage: 5x
Position Size: 1% of capital
Don't forget to keep stop loss.
Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
Cheers
GreenCrypto
BTC - A quick trade on bounce back!BINANCE:BTCUSDT (4H CHART) Technical Analysis Update
BTC is currently trading at $69595 and price recently had a sudden crash. currently the price is around the support zone and we are expecting a sudden bounce back from this support line. There is a strong resistance line around 71K-72K range and we will exit the trade at this range. We will have a new long trade once price breaks this range.
Entry level: $ 69575
Stop Loss Level: $ 68245
TakeProfit 1: $ 70790.25
TakeProfit 2: $ 71677.07
Max Leverage: 5x
Position Size: 1% of capital
Don't forget to keep stop loss.
Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
Cheers
GreenCrypto
BTC/USDT 4hInterval Chart ReviewHello everyone, I invite you to a quick review of BTC to USDT pair, taking into account the four-hour interval. As we can see, currently the price has bounced off the downtrend line and we can observe a rebound.
Moving on, we will move on to marking support areas when the price starts to go down again. And here, using the trend based fib extension grid, we can see significant support at the level of $68607, then the level of $67672 is important, and then again a strong support point at the level of 66474.
Looking the other way, we can similarly determine the resistance points and here we can see the first resistance at level of $70,536, further visible at $71,844 and then strong resistance around $74,000.
It is worth mentioning that the RSI indicator approached the place where we could previously observe a price rebound, while the STOCH indicator approached the lower limit, which also resulted in a quick rebound from the trend line.
If bonk validates the channel breakout here target = .00003736The previous daily candle closed with he top trendline of the channel as support and now the current candle is seeing a bullish impulse suggesting the tp trendline has been flipped to solidified support and that it could already potentially be validating the breakout. I’ve seen bigger fakeouts than this before so I’m not ready to say the breakout is confirmed jsut yet but so far probability is favoring it. *not financial advice*
ULTI on the Rise: Will It Break Through This Key Resistance?Trend Analysis
1. Current Price Movement: The price is currently trading at 0.06687 USDT.
2. Support and Resistance:
Immediate Resistance: 0.06956 USDT (Highlighted in the red shaded area).
Next Resistance Level: 0.07518 USDT.
Immediate Support: 0.06457 USDT.
Next Support Level: 0.05735 USDT.
Indicators
1. Stochastic RSI:
The Stochastic RSI is in the overbought territory with %K at 98.97 and %D at 90.76. This suggests that the price might face a short-term correction or consolidation.
2. Cumulative Volume Delta (CVD):
The CVD is showing a positive value (35.393M), indicating buying pressure and accumulation at the current price levels.
Price Projections
1. Potential Pullback: The price might pull back to the lower part of the ascending channel or to the next support level at 0.05735 USDT.
2. Bullish Scenario: If the price breaks above the immediate resistance of 0.06956 USDT, it could aim for the next resistance at 0.07518 USDT or even higher towards 0.08054 USDT.
Taiwan Semiconductor - Unknown stock with trading potentialNYSE:TSM is one of the rather unknown stocks with an impressive market capitalization of 680 billion dollars.
Just a couple of months ago TSM finally broke above a major previous resistance level and confirmed the bullish triangle breakout. Momentum is quite strong so far so maybe we will never see the previous structure again. In this case there is no need to actually chase the all time high. However, a pullback might still be quite likely and this might present an interesting long opportunity in the future.
Levels to watch: $130, $100
Keep your long term vision,
Philip - BasicTrading
BTC/USDT 4HInterval Chart Hello everyone, I invite you to a quick review of the BTC chart. As we can see on the chart, we are locally moving against very strong resistance.
After unfolding the fib retracement mesh, we can see support at the level of $69,701, the second support is at the level of $68,415, and then we have a very strong support at the level of $66,305.
Looking the other way, you can similarly identify resistance points. And here we will start by identifying a very strong resistance zone in which the price is currently moving from $70,781 to $72,001, only when we manage to break out, we will be able to see a move towards $75,450.
Intel - Reversing to the upside!Hello Traders and Investors, today I will take a look at Intel .
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Explanation of my video analysis:
On the chart of Intel there are actually two major horizontal structure levels which you have to keep an eye on. First of all there is quite strong support at the $26 level and just a couple of months ago Intel rejected this support towards the upside. Vice versa there is resistance at the $44 level, always pushing price lower. As we are speaking Intel is also retesting a minor support so there is the chance to capitalize on a short term bounce.
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Keep your long term vision,
Philip (BasicTrading)
Good results for B&MThe market seems to have recieved B&M's results positively. The fall in reported profit was expected.
Technically this week could provide a launching pad for it to break to the upside from its weekly 50 ema.
This is not a recommendation. Trade your own plan and make decisions based on your own research.
DOT/USDTHello everyone, welcome to a quick review of the DOT chart. As we can see on the chart, we are locally moving along a downward trend line. After unfolding the fib retracement grid, you can see the price staying above the strong support level at $7.04, then the support level at $6.73, and then the strong support level at $6.44. Looking the other way, you can similarly identify resistance points. And here we can see the resistance at the level of $7.17, the next important place is $7.40, after which we will be able to see an upward movement towards the resistance at the price of $7.77.
WLD/USDT ABOUT TO BREAKOUT! Ready For A Big Pump!!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis.
WLD looks good here. Forming an ascending triangle like structure and currently, trading inside. Accumulate in the green zone. Once it breaks out it will pump big.
Entry zone:- CMP and add more up to $4.2
Targets:- $5.36/$6.44/$9.24/$12.2
SL:- Daily close below $4
Let's Discuss!
What are your thoughts on WLD's current price action? Do you see a bullish pattern? Share your analysis in the comments below!