Altseason is Here - Follow Triangle BreakoutLong positions are piling up on Bitcoin (BTC) after each other.
I think that investors follow the consolidation to buy more.
Know that symmetrical triangles can break on either side.
Enabling you to follow the breakout, I made this chart.
This chart shows a symmetrical triangle tracing Bitcoin price action.
High as investors' risk appetite is, any drawback is potentially considered an opportunity.
I estimate that large-cap altcoins will do even better.
So, it might be a good idea to follow up on Ethereum.
Tradingopportunity
GBP/USD drop to 1.282We can predict that this week the pound will continue to fall as it directly goes against the dollar and we all know the dollar is on a rally up as of now after the elections. I have 2 scenarios that will play out for the pound to continue dropping.
Scenario A: Market open price pushes down to take the EQL liquidity and breaking structure to the downside in order to validate the hourly order block and react from it in order to come down towards the weekly demand where I believe it will then have a bullish reaction over the next couple of weeks.
Scenario B: Market open price pushes up taking Thursdays high and the ASH that remains tapping off the 3H supply left at the last swing high before melting to the weekly demand.
Note: It is very possible that price may drop without reacting from any of these zones but is also very unlikely as price structure follows and repeats patterns and needs to take liquidity in order to move.
Salesforce Set to Soar: Here’s Why!NYSE:CRM
Salesforce Set to Soar: Here’s Why!
Salesforce is primed for a major move higher, and here’s why:
1️⃣ #HIGHFIVESETUP: Our proven trading strategy signals bullish trends.
2️⃣ Bull Flag Breakout: Already breaking out, heading toward the next key point.
3️⃣ Massive 3-Year Cup-and-Handle Pattern: NYSE:CRM is on the verge of a significant breakout.
4️⃣ Impressive FCF Growth: Driving higher margins and profitability.
🎯 Price Targets:
First Price Target: $383 (Aug 2025)
Second Price Target: $500 (2028)
What do you think of this trade setup? Are you adding it to your watchlist?
NFA
#trading #QQQ #SPY
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price between two weighted levels. We have 2517 Goldturn resistance and we have 2493, as Goldturn support.
We currently have a gap open above at 2517 and below at 2493 and will need ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2517
EMA5 CROSS AND LOCK ABOVE 2517 WILL OPEN THE FOLLOWING BULLISH TARGET
2536
POTENTIALLY 2550
BEARISH TARGETS
2493
EMA5 CROSS AND LOCK BELOW 2493 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2468
2438
EMA5 CROSS AND LOCK BELOW 2438 WILL OPEN THE SWING RANGE
SWING RANGE
2416 - 2389
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
DAILY CHART UPDATEHey Everyone,
Please see update on our daily chart structure that we have been tracking and trading successfully for a while now.
Previously we had 2355 retracement range providing support and the re-actional bounce, as analysed and we stated that we will either look for a ema5 lock below this level to open the range below or a failure to lock below this level will follow with the upper range tests again.
This played out perfectly with no cross and lock below 2355 and therefore we got the perfect bounce re-testing all the targets above.
Prior to last week we also got the ema5 cross and lock above 2405 opening 2464 once again, which was hit once completing the gap again.
Currently we have a ema5 cross and lock gap below at 2355 and then a new turn created a current ema5 cross and lock above 2405 opening 2464 again. We now have gaps both ways and need to keep this in mind when planning to buy dips.
We will use our smaller timeframe analysis and trading plans to navigate the range in true level to level fashion.
Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
USTECH Trade Plan Timeframe: 1DUSTECH Trade Plan Timeframe: 1D
#NDX100 #NASDAQ #USTECH #USTECH #TradingOpportunity #Divergence #TradingSignal #USTECHtradingsignal #Forex
Hey traders! 👋 Let's dive into a potential trading opportunity on the USTECH pair using technical analysis. 📊
📉 Previously Bullish Trend:
Firstly, on the 1D- timeframe, we've been witnessing a Bullish trend in the USTECH pair. 🐻
🔄 Bullish Flag :
However, it's crucial to note that recently, we have started to observe a Bullish Flag pattern on the One Day Time Frame. This is an important signal that the Bullish momentum might be More Stronger. 📉🔄
📊 Trade Opportunity:
Currently, we are looking at a potential trade opportunity with a Bullish bias.
📈 Entry Price: 15940
🎯 Stop Loss Level: 14042
🚀TP1: 17826
🚀TP2: 19711
💰 Investment Advice:
Please remember that trading carries risks, and it's essential to have a well-defined trading plan, proper risk management, and stop-loss orders in place. This analysis is for educational and informational purposes only and should not be considered as financial advice. Make sure to do your research and consider your risk tolerance before entering any trade.
Happy trading, and may the pips be in your favour! 🚀📈💰 #HappyTrading #ProfitOpportunity #TradeSmart #CryptoSignal #StockSignal #TradingwithBelieve
Silver - One of two (bullish) scenariosOANDA:XAGUSD recently broke a lot of strong, previous resistance towards the upside.
Silver, metals in general, are experiencing increasing demand in 2024. Therefore, prices of Gold and especially Silver have been increasing for the past couple of months. Silver broke two major previous resistance levels towards the upside and these two levels are now obviously acting as support. If Silver manages to retest these areas, a bullish reversal will occour quite likely.
Levels to watch: $25, $27.5
Keep your long term vision,
Philip - BasicTrading
BTCUSDT | 15M FALSE BREAKOUTExciting movements on BTC today! The last two 1-hour candles were intriguing, showing some notable volume. On the 15M timeframe, we broke the low and then bounced back up. With a false break on the 1H timeframe, we might see a retest of the 15M low. This sets up an interesting opportunity to go long. I've set my order—let's see how it plays out!
🔗📈 LINK Trade Opportunity! 📈🔗📊 Analysis:
Support Level: Chainlink (LINK) is currently trading at a support level, indicating a potential buying opportunity.
Entry Range: Consider entering the trade between $12.75 and $13.50, aligning with the current support.
Profit Targets: Aim for profits at $16.00 - $16.75 or $18.65 - $19.50 resistance levels.
Risk Management: Set a stop-loss just below $11.78 to manage potential losses.
📈 Trading Strategy:
Entry: Initiate a long position within the specified range of $12.75 - $13.50.
Targets: Take profits at identified resistance levels.
Risk Control: Implement the specified stop-loss to control downside risk.
🚨 Note: Stay vigilant and adapt your strategy as market conditions evolve! 📊🔍 #LINK #TradingOpportunity #CryptoAnalysis 🌟📈
📈💪 MKR Trade Opportunity! 💪📈📊 Analysis:
Relative Strength: Maker (MKR) is exhibiting relative strength compared to BTC amidst market weakness.
Reversal Signs: MKR has absorbed liquidity at $2,365 and is showing potential signs of a reversal.
Entry: Consider entering the trade at $3,150.
Profit Targets: Aim for profits at $3,650 or $4,000 levels.
Risk Management: Set a stop-loss at $2,850 to manage potential downside risks.
📈 Trading Strategy:
Entry: Initiate a long position at the specified entry price.
Targets: Take profits at identified resistance levels.
Risk Control: Implement the specified stop-loss to mitigate losses in case of adverse price movements.
🚨 Note: Monitor market conditions closely and adjust the strategy accordingly as the trade progresses! 📊🔍 #MKR #TradingOpportunity #CryptoAnalysis 🌟📈
Don't Miss Out: XAUUSD Sell Opportunity Ahead!Are you ready to seize the potential gains in the XAUUSD market? Dive into this comprehensive analysis for a detailed insight into the next big move. I have identified a prime opportunity for traders looking to capitalize on the fluctuations in the XAUUSD pair.
Analysis:
Entry: 2223
Take Profit: 2210
Stop Loss: 2230
My analysis indicates a compelling setup for a profitable trade. By strategically placing your entry, take profit, and stop loss levels, you can maximize your potential returns while minimizing risks. Stay ahead of the curve and make informed decisions in the dynamic XAUUSD market.
Technical Analysis:
XAUUSD technicaly retested it's orevious high with a closing bearish candle that indicates we can easily make some amazing profits here.
Key Insights:
We are trading with a very short sl and 100+ pips tp so if we make this profitable like our other trades so we can make an amaizng profit by catching rhis trade.
Whether you're a seasoned trader or just starting out, this XAUUSD opportunity shouldn't be overlooked. Don't let this chance slip away – act now and position yourself for success in the forex market!
BAT Weekly Analysis: Seizing Entry Opportunities🔍In the weekly timeframe, BAT has broken its trend line, with the trigger at 0.3159 confirming the breakout convincingly. The notable volume surge since early February 2024 suggests increasing interest from market whales and participants, likely indicating significant buy-side activity.
✅Additionally, the presence of a curvature line suggests a diminishing bearish trend, ultimately breaking the upward support, further bolstering the bullish sentiment.
🛒However, it's essential to acknowledge that the primary trend trigger rests at 0.4522. Although entering trades with the current candle presents an enticing opportunity, it also carries elevated risk, potentially exceeding acceptable loss thresholds. Nevertheless, capitalizing on the strength of this candle for buying purposes is a viable strategy.
🛑Setting a maximum of 1% capital allocation for trades without stop-loss and considering a range of 0.2 for stop-loss trades is advisable to manage risk effectively.
💥RSI resistance at 61.24 has been breached, confirming overbought conditions and supporting the bullish bias.
📰Fundamentally, BAT is the token associated with the Brave browser. Considering the browser's potential for growth, investing in its token could be lucrative.
🧠💼Just remember, jumping into trades too quickly before the main trigger can be risky. Always manage your money wisely and be aware of the risks involved.
📈 Bank of Baroda: Riding the Waves of Support and Resistance!Hello Alpha Traders!
Let's delve into Bank of Baroda today. Here's a snapshot:
📊 1-Hour Trend Analysis: NSE:BANKBARODA is currently riding an upward trend in the 1-hour session, showcasing resilience at support levels.
🔄 Support and Resistance Dynamics: Observing a pattern where the stock breaks its resistance, retraces to find support, and then resumes its upward journey.
📈 Current Scenario: With the recent breakout above resistance, the stock is now retesting its support level before potential further upside.
💰 Trading Opportunity: Consider taking a long position in the range of 260 to 240 rupees, with a stop loss placed below the support trend line for risk management.
📌 Stay Vigilant: Always stay alert to market movements and adjust your strategies accordingly.
🚀 Chart Analysis: Dive deeper into the chart analysis for a comprehensive understanding of the stock's movements.
Looking forward to your insights and trades, Alpha Traders! 🚀💼
Best regards,
Alpha Trading Station
📈 Tata Steel: Bouncing Off Support and Eyeing New Highs! 🚀Hello traders!
Today, let's dive into $NSE:TATASTEEL. Here's the breakdown:
📉 Support Bounce: Tata Steel has recently touched its support at Rs.132 and is now making a move upward.
📈 Targeting ₹140: The current trajectory suggests a push towards the near-term profit target of ₹140.
💹 Derivative Opportunity: For derivative traders, considering the 130 call option could be a strategic move.
✨ Potential Upside: With good support, there's a chance for Tata Steel to soar higher. Keep a close watch for further developments.
🔄 Dynamic Market: Always remember, the market is dynamic, and these are observations. Conduct your analysis before making any trading decisions.
🤔 Your Take: How do you interpret Tata Steel's movement? Share your insights in the comments!
📌 Stay Updated: Let's navigate these markets together. Stay tuned for more posts and updates!
Best regards,
Alpha Trading Station
NZDUSD SELL | Sell Setup| Short Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity NZDUSD
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Profitable Moment: Quick Trading Opportunity Unveiled!Seize the potential for swift gains with this short-term trading opportunity revealed on TradingView! Dive into market insights, technical analysis, and timely trends to make the most of this fleeting chance. Don't miss out on this brief but lucrative window – act fast and trade smart! 📈💰 #TradingOpportunity #ShortTermGains #MarketInsights
📈 AUDJPY: Analyzing Upward Momentum and Potential BreakoutHello fellow traders!
Today, let's delve into the FX:AUDJPY currency pair. Here's the breakdown:
🕰️ Timeframe Analysis : The pair is predominantly exhibiting upward momentum on the 4-hour chart, showcasing a bullish trend.
⚖️ 1-Hour Chart Dynamics : However, a closer look at the 1-hour chart reveals an attempt to break the support trend line. A potential breakout is in the cards.
❌ Caution on Breakout : Despite the attempt, there's a likelihood of a fakeout, suggesting a failed breakout. Keep a watchful eye on this development.
📈 Opportunities for Upside : Notably, there are opportunities for an upward move, with support levels evident. I've marked anticipated future upward movements with yellow candles.
⚠️ Risk Disclaimer : This analysis is not a guaranteed trading signal. It's crucial to conduct your research and analysis before making any trading decisions.
🤔 Your Analysis : How are you interpreting the AUDJPY movement? Share your insights and strategies with the community.
👋 Until Next Time : Remember, always trade responsibly. Thank you. See you in the next post!
Best regards,
Alpha Trading Station
$USDJPY Short (Short-Term)Technical Analysis Report: USDJPY Trading Opportunity
Overview:
At the current juncture, USDJPY is positioned at 149.450, showcasing discernible indications of a bearish reversal. Notably, a bearish RSI divergence signals a misalignment between price action and relative strength, suggesting potential vulnerability in the prevailing uptrend.
Technical Indicators:
Further substantiating the bearish sentiment, the MACD remains entrenched in negative territory, underscoring the prevailing bearish momentum. Additionally, insights derived from our proprietary probabilities indicator on w.aritas.io illuminate a notable surge in selling pressure.
Trade Setup:
The proposed strategy entails a prudent SHORT position initiation, contingent upon the confirmation of a breakdown at 150.690. This entry point is strategically chosen to align with the identified technical weaknesses in the current market structure.
Risk Management:
To mitigate potential downsides, a meticulous risk management strategy has been devised. The Take Profit (TP) objective is judiciously set at 145.450, offering a favorable risk-reward profile. Simultaneously, a well-calibrated stop-loss order is positioned 0.83% above the Yearly resistance, providing a defined exit strategy.
Market Context:
Contextualizing the trade within the broader economic landscape, the prevailing conditions suggest an advantageous environment for a resurgent greenback. This perspective is fortified by the observation of a gradual uptrend in the EURUSD, further reinforcing the anticipation of a prolonged USDJPY upswing.
Future Outlook:
In alignment with our comprehensive analysis, we posit that the current correction is a precursor to an imminent bullish resurgence in USDJPY. Our projections point towards a potential retest of yearly resistance levels in the first quarter of 2024.
Conclusion:
This meticulously curated analysis seeks to present a comprehensive view of the current USDJPY scenario, substantiating a compelling SHORT position opportunity. However, it is incumbent upon traders to exercise prudence, maintain vigilance, and adapt to evolving market dynamics. As always, thorough risk assessment and adherence to a disciplined trading strategy are paramount.
Disclaimer: Trading involves inherent risks, and past performance is not indicative of future results. It is advised to consult with financial experts and undertake independent analysis before making trading decisions.
📈 AUDCAD Long Opportunity: Waiting for ConfirmationHello fellow traders,
Today, we're keeping a close eye on a potential long opportunity in the FX:AUDCAD currency pair. Let's dive into the analysis:
📈 Upward Trend: The overall trend for this pair is in an upward direction, and it has been moving within an ascending parallel channel.
🛠️ Support Break: However, a noteworthy event has occurred - the support within the parallel channel has been breached.
📉 Lower Lows: Prior to the support break, AUDCAD was forming lower lows, signaling a potential shift.
🤔 Assessing the Situation: Now, there's a support level beneath the ascending channel, creating a possibility for a fakeout before a potential upward move.
❗ Caution: It's essential to acknowledge the risk involved. There's only a limited chance of success as this level has been previously tested.
💡 Wait for Confirmation: We should exercise patience and await a confirmation candle before making a decision. This is a critical step in risk management.
📌 Stay Informed: I'll keep you posted on whether it's a viable entry or not once we have the confirmation candle. Stay tuned!
Until we meet again, trade wisely.
Thanks & regards,
Alpha Trading Station 🌟
SBILIFE: A Promising Short-Term Trading OpportunityHello traders,
Today, let's set our sights on SBILIFE , a stock that's been on a consistent upward journey. Here's what you need to know:
Rising Trend: SBILIFE has been steadily moving in an upward direction, making it a compelling pick for traders.
Growth Potential: There's room for this stock to surge further, especially if it approaches near 1320 level.
Option Strategies: If you're an option buyer, consider 1350 or 1300 CE options. These could be strategic choices to explore.
Key Takeaway: It's important to note that this isn't an investment opportunity, but rather a trading prospect. If short-term moves align with your strategy, SBILIFE could be worth a closer look.
Your Strategy: Are you considering SBILIFE for your trading portfolio? Share your insights and thoughts with us.
Stay Updated: Keep following for more trading insights and opportunities.
Best regards,
Alpha Trading Station
USTECH Trade Plan Timeframe: 4HUSTECH Trade Plan Timeframe: 4H
#NDX100 #NASDAQ #USTECH #TradingwithBelieve #TradingOpportunity #Divergence #TradingSignal #USTECHtradingsignal #Forex
Hey traders! 👋 Let's dive into a potential trading opportunity on the USTECH pair using technical analysis. 📊
📉 Previously Bullish Trend:
Firstly, on the 4H- timeframe, we've been witnessing a Bullish trend in the USTECH pair. 🐻
🔄 Divergence on HH’s:
However, it's crucial to note that recently, we have started to observe a divergence pattern on the HH’s. This is an important signal that the Bullish momentum might be weakening. 📉🔄:
📊 Trade Opportunity:
Currently, we are looking at a potential trade opportunity with a Bearish bias.
📈 Entry Price: 15212
🎯 Stop Loss Level: 15407
🚀TP1: 15013
🚀TP2: 14824
💰 Investment Advice:
Please remember that trading carries risks, and it's essential to have a well-defined trading plan, proper risk management, and stop-loss orders in place. This analysis is for educational and informational purposes only and should not be considered as financial advice. Make sure to do your research and consider your risk tolerance before entering any trade.
Happy trading, and may the pips be in your favour! 🚀📈💰 #HappyTrading #ProfitOpportunity #TradeSmart #CryptoSignal #StockSignal #TradingwithBelieve
GBPUSD Trade Plan Timeframe: 1HGBPUSD Trade Plan Timeframe: 1H
#Forex #GBPUSD #TechnicalAnalysis #CryptoSignal #TradingOpportunity #Divergence #TradingSignal #TradingwithBelieve
Hey traders! 👋 Let's dive into a potential trading opportunity on the GBPUSD pair using technical analysis. 📊
📉 Previously bullish Trend:
Firstly, on the 1H- timeframe, we've been witnessing a Bullish trend in the GBPUSD pair. 🐻
🔄 Divergence on HH:
However, it's crucial to note that recently, we have started to observe a divergence pattern on the HH. This is an important signal that the Bullish momentum might be weakening. 📉🔄
📊 Trade Opportunity:
Currently, we are looking at a potential trade opportunity with a Bearish bias.
📈 Entry Price: 1.23860
🎯 Stop Loss Level: 1.24306
🚀TP1: 1.23420
🚀TP2: 1.22981
💰 Investment Advice:
Please remember that trading carries risks, and it's essential to have a well-defined trading plan, proper risk management, and stop-loss orders in place. This analysis is for educational and informational purposes only and should not be considered as financial advice. Make sure to do your research and consider your risk tolerance before entering any trade.
Happy trading, and may the pips be in your favour! 🚀📈💰 #HappyTrading #ProfitOpportunity #TradeSmart #CryptoSignal #StockSignal #TradingwithBelieve