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BANKNIFTY Analysis - Continuous, Just as the Markets !This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & Unusual Market Volume Detector (UMVD) Indicators. * Trend is Based on TrapZone Color * Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves. * Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand -------------------- 1-15-2024 UP trend with Green TrapZone and UMVD. Price has not retraced to TrapZone yet. Strong momentum up.
NSE:BANKNIFTY1!
by SnowflakeTrader
CRUDE Analysis - Continuous, Just as the Markets !This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & Unusual Market Volume Detector (UMVD) Indicators. * Trend is Based on TrapZone Color * Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves. * Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand -------------------- 1-15-2024 DN trend with Red TrapZone but Green UMVD at the moment. Price has not retraced deep to the top of the TrapZone and we have RED Bars indicating strong downward price momentum
NYMEX:MCL1!
by SnowflakeTrader
BITCOIN Analysis - Continuous, Just as the Markets !This is a Thread, so Follow for Technical Analysis performed with TrapZOne Pro & UMVD Indicators. * Trend is Based on TrapZone Color * Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves. * Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand -------------------- 1-14-2024 Downtrend with Green UMVD after divergence stopping the fall. Sideways at the moment.
BITSTAMP:BTCUSD
by SnowflakeTrader
9
BAL/USDT Get ready to seize an excellent LONG trading chance!BINANCE:BALUSDT The recent breach of a major trendline on the weekly chart for BAL/USDT signals an enticing long trading opportunity. With the price now situated above this level, prospects are bright for a potential target range of USD $60 to $70. #BAL/USDT SPOT LONG ENTRY Leverage: 3x Entries: $5.855 Take profit 1: $7.351 Take profit 2: $17.000 Take profit 3: $72.297 Stop Loss: $3.180 NOTE: This is just my prediction. Be sure to use STOPLOSS and remember that I am not a financial adviser. your money, your risk! Thanks The sroced.
Long
by srocedtrading
Sellers still falling for itIt seems sellers have still fallen for it. Good Morning folks, just woke up to see gold has again crashed through the recent high My buy position is still very much alive and well. ____________________________________________________________________ The Stats Here are the stats so far: -Ultimate Risk Reward - 1:5.53 -Floating Risk Reward - 1:5.24 -Secured Risk Reward - 1:4.26 My stop loss was moved as I woke up even further into profit (2110.20) as I would have explained yesterday (only if price can breach the high would I be interested in moving my stop loss further into profit) ____________________________________________________________________ The Trail Explanation of the trailing stop: So you see how price broke, retested and continued after this high that price was struggling to break before - that's my que to move my stop further up to the next security point I will keep doing this indefinitely until price decides to come back against me ___________________________________________________________________ The Details It appears that gold is still interested in climbing up to this point but it seems like we have a liquidity\momentum issue The reason I say this is because it has slowed down significantly which suggests that the liquidity it would have had and was using before is on its last legs I wouldn't be surprised if price comes back down a bit from here before attempting to push further This being the case however I still wouldn't advise any sells to anyone because you'd be attempting to sell against way too much bull momentum. ____________________________________________________________________ My Recommendation I think the best course of action right now is to sit and observe, especially if you spent the last few days trying to sell > Sit and watch why price would have bought and try to learn what not to do next time ____________________________________________________________________ The Conclusion At this point, where my stop loss is in profit > if it does come back to take me out in profit I'd be fully content with this trade as it would have done what I wanted and more The trade moved a massive 758 pips from my entry - amazing It's safe to say that I've now made peace with the trade and whatever it does from this point onward doesn't matter to me Downvote\don't boost if you didn't read this post and didn't try to understand OR Upvote\boost if you did read this post and did try to understand Godspeed to all traders - P.s, Please don't listen to anyone who says sell from here - the amount of times you would have lost trying to sell at the "high" can never justify (possibly) winning just one trade And I say Possibly very seriously - it still doesn't have to sell
OANDA:XAUUSDLong
by Brandon_evo4
Gold - Elliot's Wave Analysis - March 2024 - Short, then LongThis post will go over 3 wave degrees for $OANDA:XAUUSD. Primary (4h) Intermediate (1h) Minor (30 mins) Primary Degree: Wave 1 came to an end just below the December 2023 high of 2088, meaning we are likely entering a wave 2 of a 5 wave impulse. This can be seen on the image below where: The diagonal trendline links the high of 2148 till the high of March 1st 2024 at 2088.36. The horizontal trendline linking the high of December 2023 at 2088.58 and the high of march 1st at 2088.38. Intermediate Degree: The wave 1 of the primary degree was a zigzag forming an A,B,C. I tried fitting an impulse sequence but an A,B,C respected the rules and guidelines more than a 5 wave did. Wave A is an impulse from the start at around 1984 to the end of the 5th at 2041. Wave B is a 3 wave flat corrective and wave C is an impulse with an extended 5th. These can all be seen on the Minor degree (see last section of post). Minor Degree: As mentioned in my previous post, The wave 1 of the primary degree was a zigzag forming an A,B,C. Wave A is an impulse from the start at around 1984 to the end of the 5th at 2041. Wave B is a 3 wave flat corrective and wave C is an impulse with an extended 5th. When breaking down wave A, we can establish a clear 5 wave sequence where wave 4 is an expanding triangle leading to a last push (wave 5). The expanding triangle can be seen as A,B,C,D,E and all respect the rules and guidelines of the wave principle. Wave B and wave C form a 5 wave impulse where Wave B is a flat and a double correction on the smaller degree, hence why the markings of W, X, Y. The end of the flat (Wave B) is also the end of Wave 2. Wave C, on the smaller degree (Minute, 15 min) forms a 5 wave sequence. This can be seen from the end of Wave 2 and the start of Wave 3 on the Minor degree. The Minor degree's 5th wave is extended, rejecting the high, ending the current Minor 5th wave and Intermediate C wave. the image below should allow for clear visualization. When placing the Fibonacci retracement on the wave 1 of the Primary degree, the most likely retracement point is between, the now support of the monthly trend line going back to 2080 in Dec 2023 till it's break on feb 29th at 2048, and the 0.618 fibonacci level at around 2048.9. The Fibonacci retracement levels can be seen on the second image below this text. In conclusion, the most likely outcome is for a 5 wave sequence on the Intermediate degree and Minor degree to be our Primary degree Wave 2. I have placed a short till 2043.95 due to the possibility of the retracement to reject the diagonal trendline a bit below the 0.618 level. I will then Long the 3rd wave till the current ATH, if this 3rd is extended, the next target should be at the most, 2190. Otherwise we will see wave 5 reach near this level on the Primary degree.
OANDA:XAUUSD
by Noah_Haitas_HSE
Gold Price After BREAKING $2030 Gold Price Analysis for the Week of 26/2 - 1/3/2024 • Gold price is expected to end the week positively due to decreasing US Treasury bond yields and lack of significant news. • The XAU/USD is currently trading at $2,038, showing a 0.70% increase. • Gold prices unexpectedly increased last week, breaking through the $2030 range and continuing to trade above it. • Based on technical analysis, NOVA identifies key resistance at $2050 and support at $2030, $2016, and $2000.
OANDA:XAUUSDLong
by Doolz-Lebanese
1
LINK/USDT 1DInterval ChartHello everyone, I invite you to review the one-day chart, LINK in pair with USDT. We will start by defining the main downward trend with the yellow line, then it is worth defining in blue the downward trend channel, which gave a dynamic upward trend for the price, which allowed the price to overcome the main downward trend, while creating a dynamic upward trend line. Now, when we unfold the Fib Retracement grid, we can see how the price is struggling to positively test the resistance zone around $19, if the test ends positively, we can get a new upward movement towards the resistance level at $26.47, and then an important level which we should take into account is the level of $40.39. Looking in the other direction, it is equally important to identify potential price support points. And here the level of $14.86 is significant, which should keep the price from falling to the next support levels at $10.97 and then to the price of $8.26. Please look at the RSI indicator, where we can determine the downward trend line from which we can see the indicator bouncing again, there is also a lot of room for a potential recovery. However, the STOCH indicator shows that we were moving towards the upper limit, which resulted in a rebound with room for a larger move.
by cryptodailyuk
INDRAPRASTHA MEDICAL CORP - A good reversal bet for 15% ROI.The stock has given a fantastic rally , yearly breakout of 22 years in 2023. The stock has been taking strong support at 165 levels since 4 months. Now it shows reversal from 165 levels. Confirmed by price action - RSI. Entry - 194. Targets - 204, 208, 216,225. It would be great to trail the profits once 225 is taken off. To note : Quarterly results are good. Also DIIs have started purchasing the stock since last 2 quarters, new addition. FIIs have marginally increased stake.
NSE:INDRAMEDCOLong
by Rugminik
BNB/USDT 1HInterval Chart ReviewI invite you to review the BNB chart, on a one-hour interval. However, here we will start by marking with blue lines a strong downward trend channel in which we have been moving for a long time, currently in the upper part. Moreover, we can mark here the zones that can be seen to have an effective impact on the price, there is a clear support zone, as well as a resistance zone for the price in the long term at the top. However, locally, using the yellow line, we will determine a local upward trend where the price is struggling to stay. Let's now move on to marking the support areas for the price and after unfolding the Fib Retracement grid, we can see that first of all we have support around $303, which currently holds the price, but if we go lower, it is worth marking an important support zone from $293 to $287. Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that currently the zone from $309 to $314 has effectively stopped the growth, but if it is overcome, we can see an upward movement towards the strong support level of $321.7. Looking at the RSI indicator, you can see a return to the middle of the range, which quickly results in a downward reflection, because on the STOCH indicator, a strong upward impulse resulted in a reversal in a similar place to the last one, and what's more, we can mark the trend line at which the indicator turned around.
by cryptodailyuk
LINK/USDT 4H ChartI invite you to review the LINK chart in pair with USDT. Let's start by identifying the downward trend channel from which the price broke out at the bottom using the blue lines. However, here the exit from the channel could have resulted in a drop close to the height of the channel itself, which indicates a potential place for further declines. Locally, we can mark a downward trend line that keeps the price in a downward movement. After unfolding the fib retracement grid, you can see how the support at $13.91 kept the price from falling further, but if the price breaks below the current support, we still see a very strong support zone from $13.17 to $12.22. Looking the other way, we can also determine the resistance areas. And here there is visible resistance at $14.73, and when the price breaks out, it will have to face a strong resistance zone from $15.98 to $16.63 before moving towards the new ATH. Please look at the RSI indicator as there is still room for growth, but the indicator is starting to turn down again. However, on the STOCH indicator we are moving at the lower part of the range, but here too there is no energy for a stronger upward movement.
by cryptodailyuk
A dump is going to be happen for BTC up to 36K or more!Hello dear traders, Take care of your positions because of the current situation of the crypto market. According to my analysis on the BTC and many valid indicators and price action, Weakness in bulls power is clear. So I expect to see a correction before the next bullish wave. 47,000$ is a major resistance and is preventing price from going higher, IMO we will see a correction up to 36,000 support area (According to the chart) and the the next bullish wave can start from that area. If you see my previous analysis on the BTC, I expected to see breakout of current major resistance (47K) But It seems we don't see that breakout soon.(Analysis is attached) I will update my analysis at that point, Stay tuned!
Short
by TahaZargar
Navigating Markets with Gann Fans: A Step-by-Step GuideWelcome to our comprehensive tutorial on placing and utilizing Gann Fans. In this step-by-step guide, we'll dive into the practical aspects of Gann Fans, a powerful tool for assessing non-horizontal support in resistance for technical analysis. We will thoroughly explain how Gann Fans are placed and what pitfalls to avoid when placing them. Whether you're new to Gann Fans or looking to enhance your trading strategy, this video provides actionable insights and a real-world example to help you harness the potential of Gann Fans with confidence. Join us as we demystify Gann Fans and empower you to navigate market swings with precision and skill.
Education
by LeafAlgo
4
BNB/USDT 4H ChartI invite you to a quick review of BNB to USDT on a four-hour interval. As you can see, the price is moving above the local uptrend line. Looking at the current increase, we will unfold the Fib Retracement grid, and we can see that the price is fighting a strong resistance zone from $317 to $321, while we still have resistance at $330. Looking the other way, there is support at $308.5, while the support zone from $296 to $289 is still important. The RSI indicator remains in the upper part of the range, while the STOCH indicator exceeds the upper limit, which may result in a price recovery.
by cryptodailyuk