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Technical Analysis

TradeCityPro | APTUSDT Bullish Correction & Continuation👋 Welcome to the TradeCityPro channel! Let's start the week by analyzing APTUSDT, one of the altcoins with a promising setup. 📊 Bitcoin Overview At the New York market open, Bitcoin has printed a few green candles , Meanwhile, BTC dominance (BTC.D) has been declining, breathing new life into altcoins. As long as BTC.D continues to drop, altcoins will likely remain active and bullish. 🕒 Weekly Timeframe APTUSDT has been trading in a long-term range box for nearly 700 days, fluctuating within it since its listing. Unlike many other altcoins, APTUSDT has never dropped to its final support at $3.45, instead finding consistent support at $5.50–$5.77, giving it an edge over its peers. Currently, there's no weekly trigger for buying , bounce of the RSI from 70 could signal the continuation of its upward momentum. 🚀 Daily Timeframe APTUSDT has rallied beautifully from $5.67 support, reaching resistance at $13.66, where it was rejected. After consolidating for a few days, it is now moving back toward that resistance. The chart shows a parabolic uptrend, with higher highs and higher lows forming consistently , Each time the price touches this parabolic trendline, it bounces upward, suggesting this structure might persist. break of the parabola would likely signal a short-term correction, not necessarily a bearish market reversal. For a buy, wait for a breakout above $13.66 with increased volume and RSI entering overbought territory. & Suggested stop-loss Risky: $10.50 - Safer: $7.51 If the market corrects, look for a bounce at $10.50 support with a confirming bullish candle for a mid-term hold. ⏳ 4H Timeframe APTUSDT has been ranging between $11.22 and $13.78 for a few days, making the triggers clear for trading. 📈 Long Position Trigger breakout above $13.78 would provide a strong trigger for a long position. You can even set a stop-buy order before the breakout. 📉 Short Position Trigger Avoid shorting as the overall market setup remains bullish. Instead, focus on other opportunities like DeFi or researching promising projects :)) 💡 BTC Pair Insight Against Bitcoin, APTUSDT shares a similar setup to other altcoins, consolidating in its range. breakout above 0.0001624 BTC could signal fresh inflows into APTUSDT and spark a bullish movement. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
6
Gold --> Interest in this metal is growingOANDA:XAUUSD On the basis of support from the dollar correction and the local maximum update. The liquidity is decreasing and Friday in the US also plays an important role in the market... On H1, gold holds within the boundaries of a local bullish channel on the basis of a weak dollar, mainly due to the inflation regime... In addition, the dovish sentiment from the Fed regarding interest rate policies continues to support gold prices, however, this is not a topic of interest at the moment. On the other hand, buyers' attention is shifting to the policies of the new US administration, which may impact the economies, causing central banks to increase their gold reserves. This may spur a sharp increase in central banks' gold trading. So, since we have a bullish run, an ascending channel and strong fundamentals, in this case, it is reasonable to consider buying only, which can only be done from around the support area (FVG) and a breakout of the resistance level. The expected gold price increase is 2678 and 2694 is getting closer :)
OANDA:XAUUSDLong
by Bentradegold
Tradingdaq | GOLD Market Daily Technical AnalysisThe gold market OANDA:XAUUSD has been oscillating between 2,700 and 2,620, and the support price of the 2,620 area has been retested again. The fluctuating trend of gold in this pilot region can be attributed to the robust performance of XRP, which recently built on correlation as a digital gold in the altcoin market. If the Gold price increases and a bullish candle again closes above 2,620, my first target will be 2,646. On the other hand, If the price decreases and a bearish candle closes below 2,610 and keeps below 2,595, I strongly recommend watching it and waiting for a new analysis for the changing price range.
OANDA:XAUUSDLong
by iamtradingdon
Nightly $SPX / $SPY Predictions for 12.2.2024🔮 📅Mon Dec 2 ⏰10:00am ISM Manufacturing PMI 📅Tue Dec 3 ⏰10:00am JOLTS Job Openings 📅Wed Dec 4 ⏰8:15am ADP Non-Farm Employment Change ⏰10:00am ISM Services PMI ⏰10:30am Crude Oil Inventories ⏰1:45pm Fed Chair Powell Speaks 📅Thu Dec 5 All Day OPEC-JMMC Meetings ⏰8:30am Unemployment Claims 📅Fri Dec 6 ⏰8:30am Average Hourly Earnings m/m Non-Farm Employment Change Unemployment Rate #trading #stock #stockmarket #today #daytrading #swingtrading #charting ⏰
SP:SPXLong
by PogChan
TradeCityPro | ALTUSDT Analysis Good Spot Buying Opportunity?👋 Welcome to the TradeCityPro channel! Let’s dive into analyzing one of the newer altcoins in the market, ALTUSDT, which might offer a solid spot entry opportunity tonight. 🌱 Bitcoin Overview As always, we begin by checking Bitcoin's performance , Bitcoin hasn't moved much compared to yesterday. However, Bitcoin dominance is declining, which has allowed altcoins to gain momentum , If Bitcoin remains range-bound and its dominance continues dropping, altcoins might sustain their upward trend. 🕒 Weekly Timeframe ALTUSDT has recently been listed and has dropped approximately 88% since listing, following the typical behavior of newly listed coins. After this decline, it has been consolidating within a range box for about 120 days. Now, the coin is testing the resistance at $0.16293, and it appears to be breaking out. Risky Stop-Loss: Place it just below the shadow of the current candle, considering the buyers' strength. Secure Stop-Loss: Place it at the bottom of the range near $0.0732 and hold for targets. 🔑 Daily Timeframe trigger at $0.13342 allowed for a buy earlier. If you missed that entry, you can buy after a breakout of $0.16293, using a stop-loss at $0.10133. RSI Entry Trigger The key RSI level to watch for entry is 82.57, signaling strong upward momentum. No need to analyze lower timeframes extensively because the limited data on this coin makes trading it challenging , For futures trades, there are already sufficient setups in the channel. 💡 BTC Pair Insight Relative to Bitcoin, ALTUSDT has been in a downtrend, forming a range due to significant trend weakness , breakout from this range could initiate an uptrend relative to Bitcoin. If I purchase the coin and its BTC pair shows bullish movement, I’ll continue holding. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
6
SWING IDEA - JUBILANT PHARMOVAJubilant Pharmova , a diversified global pharmaceutical and life sciences company, offers an attractive swing trade setup with the following technical factors. Reasons are listed below : Break of 1000 Resistance : The price has decisively broken above the significant 1000 level and is sustaining, indicating strength and bullish momentum. Consolidation Breakout : The stock is breaking out of a consolidation phase lasting over 6 years, suggesting a potential long-term uptrend. Volume Spike : Increased trading volumes highlight growing investor interest and support the breakout. Engulfing Candle : A bullish engulfing candle on the weekly timeframe reflects strong buying sentiment. Target - 1450 // 1590 Stoploss - weekly close below 1030 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:JUBLPHARMALong
by Visionary_Growth_Insights
End of Year Palladium Bull Run \o/From the current notation, I see this leveraged ETF on Palladium rising approximately 45% until the end of the year. The reasons are as follows: Fundamental Factors : With increasing sanctions on Russia, one of the main exporters of palladium, global supply may become constrained. Furthermore, inflationary pressures might drive commodity prices higher. Technical Indicators : The Palladium chart has recently formed a higher high, and a higher low appears to be developing. The price has crossed above the 200-day SMA, and now the 30-, 50-, and 200-day SMAs are bullishly aligned. Seasonality: The seasonal strength in OANDA:XPDUSD is expected to begin the week after next. So, we could get ready for rising prices in Palladium!
LSE:2PALLong
by p4917
TradeCityPro | EURNZD Ideal Short Setup for Next Week👋 Welcome to the TradeCityPro channel! Let’s analyze EURNZD as the forex market wraps up this week and prepare our triggers for next week’s positions! 🌍 Fundamental Overview Euro (EUR): Benefiting from the ECB's cautious tightening policies aimed at inflation control. Mixed economic data, such as weak industrial output, limits bullish momentum. New Zealand Dollar (NZD): Supported by stronger commodity prices and a resilient domestic economy. The RBNZ maintains a balanced policy outlook, strengthening the NZD further. The contrast between the ECB's inflation focus and the NZD's solid fundamentals tilts the bias toward NZD. Global risk sentiment and commodity trends are pivotal in determining price direction. 🕒 4-Hour Timeframe Analysis EURNZD is consolidating within a range between 1.7836 (support) and 1.8063 (resistance). Last week saw minimal movement, but this consolidation suggests the pair is gearing up for a breakout. The price didn’t reach the resistance this time and got rejected earlier. It is now testing the support level. 📉 Short Position Trigger If 1.7836 is broken with strong momentum, it would trigger a short position, targeting lower levels. 📈 Long Position Trigger If the 1.7836 support holds for an extended time, buyers could step in. A break above 1.8063 would confirm a long opportunity, especially if the price forms higher highs and higher lows in lower timeframes. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Short
by tradecitypro
1
TradeCityPro | USDCAD : Divergence Signals and Key Levels👋Welcome to TradeCityPro! In this analysis, I will examine the USDCAD pair from the forex market. The analysis is conducted on the daily timeframe. ⏳ Daily Timeframe: Resistance and Potential Reversal In the daily timeframe, we observe a range (box) between 1.32179 (support) and 1.38632 (resistance) that was recently broken. Currently, the price has reached the 1.40777 resistance level. ✨ A noticeable divergence is present in the RSI oscillator, with a trigger for this divergence being the break below the 55.94 level on the RSI. If this trigger is activated, the price could enter a correction phase. 📈 At the moment, after breaking out of the 1.38632 level and retesting it as support, the price is consolidating below the 1.40777 resistance. If this resistance is broken, the next target will be 1.43824. 🔽 However, if the RSI divergence is activated, a deeper correction may occur. In that case, the price could re-enter the range, with the first support at 1.36023 and the second support at the range's bottom, 1.32179. 💼 Considering the weakening momentum seen in the candles and the divergence signals, the likelihood of a correction is increasing. However, I personally prefer to wait for confirmation from the price to better identify future trends. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
TradeCityPro | WOOUSDT Analysis Futures Opportunity👋 Welcome to the TradeCityPro channel! Let’s take a detailed look at the WOOUSDT coin triggers, even on this relaxed Friday! 😊 🌍 Bitcoin's Market Overview Before diving into WOO, as always, let’s check Bitcoin Yesterday's analysis: After breaking 96610, a long position was suggested. Additionally, if Bitcoin dominance decreases, it could confirm favorable setups for altcoins. However, Bitcoin remained range-bound, moving in sync with the overall market. 📊 Weekly Timeframe WOO is one of those coins that hasn’t made any significant moves yet, but the buy trigger has been activated. After breaking 0.2228, a mid-term buy was possible, and there’s still a logical opportunity to buy at market price with a stop loss at 0.1308, supported by increased volume and RSI entering the overbought zone. If you missed this trigger, you can wait and join this coin upon breaking 0.3369. 📈 Daily Timeframe We’ve seen a relatively strong move, but the price has hit a significant daily resistance at 0.275 where it has been ranging for several days. After breaking this resistance, further upward movement could begin. Additionally, RSI is nearing the overbought zone. For a risky buy in the daily time frame, consider entering after breaking this resistance, with a risky stop loss at 0.2129 or a safer stop loss at 0.1550. ⏱ 4-Hour Timeframe The price shows compression, forming something resembling a triangle, with higher lows being created consistently. This increases the probability of breaking the 4-hour resistance at 0.2779, which could serve as a solid trigger for a futures trade. 📈 Long Position Trigger The trigger is clear after breaking 0.2779, aim to open a long position with a safe stop loss, such as 0.2340. 📉 Short Position Trigger The market currently lacks momentum for shorts. Even with a 20% drop driven by whales, short positions aren’t attractive now. It’s better to wait for stronger bearish momentum to enter with smaller stop losses. 💡 BTC Pair Insight WOO has been bearish against Bitcoin in the long term but currently shows significant trend weakness and is ranging within its daily box. Compared to most altcoins, WOO demonstrates better strength relative to Bitcoin. If lower time frames confirm a breakout, an upward trend could begin. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
10
SWING IDEA - APTUS VALUE HOUSING Aptus Value Housing Finance , a leading home loan provider focusing on affordable housing, is showing promising signs for a swing trading opportunity. Reasons are listed below : 370-390 Zone Breakout : This level has been tested multiple times, and the stock is now attempting to break out, indicating potential for further upward movement. Breaking Consolidation Zone of 3+ Years : The price is emerging from a prolonged consolidation phase, which could lead to a new bullish trend. Higher Highs and Higher Lows : The trend remains intact with consistent upward movements, suggesting continued strength. Trading Above Weekly 50 and 100 EMA : The stock is trading above these key moving averages, reinforcing the bullish outlook. New All-Time High : The stock has made a new all-time high, reflecting strong market sentiment. Volume Spike : A noticeable increase in trading volume indicates increased buying interest. Target - 450 // 510 Stoploss - weekly close below 335 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:APTUSLong
by Visionary_Growth_Insights