Trend Analysis
AUDCAD Is Very Bearish! Short!
Please, check our technical outlook for AUDCAD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.914.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.910 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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#ICP (SPOT) entry range( 6.000- 8.150)T.(51.990) SL(5.811)BINANCE:ICPUSDT
entry range( 6.000- 8.150)
Target1 (16.984) - Target2 (19.900)- Target3 (38.900)- Target4 (51.990)
2 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high.
SL .1D close below (5.811)
*Keep in mind that all targets may be need time to be achieved*
*** collect the coin slowly in the entry range ***
*** No FOMO - No Rush , it is a long journey ***
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EUR/CAD SHORT FROM RESISTANCE
Hello, Friends!
EUR/CAD is making a bullish rebound on the 4H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 1.506 level.
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The Gold CrashWhy 100 Pips Today Isn’t What It Used to Be
When Gold traded below $2,000, a 100-pip movement carried a specific weight in terms of impact and volatility.
As prices rise, the pip value naturally adjusts in real terms.
This means that what was a 100-pip fluctuation when Gold was at $1,800 is now effectively a 150-pip movement at $2,750.
Proportionally, it’s the same value as before, but this shift has important implications for traders who need to recalibrate their stop-loss and take-profit orders accordingly.
Translating Pip Fluctuations into Percentages
To understand why this adjustment matters, let’s look at pip movements in percentage terms. When Gold traded at $1,800, a 100-pip fluctuation represented about 0.56% of the price. At $2,750, a 100-pip movement is about 0.36%—a significant reduction.
If we want to maintain the same degree of responsiveness in our trades, the stop-loss should be scaled to approximately 150 pips, rather than sticking to a smaller value that might prematurely trigger stops or undershoot our profit potential.
HCC Bullish/Long We need a close above 55 for this long to play out. Once it closes above 55 with good volume, one can take this trade.
First Tp - 100 ish
Final Tp - 500 but that is a long long way time/price wise.
The weekly chart looks good after a mid range retest.. now we need to see a good reaction and a new leg towards the top of the range and beyond.
WAAREE ENERGIES: Set to Shine in the Next Rally...?WAAREE ENERGIES has recently broken out of its previous sideways trading range following its listing. This significant movement suggests a positive shift in market sentiment towards the stock. With this breakout, the company is now setting its sights on a price target of 3000, indicating strong bullish potential for investors.
Polkadot- I understand it may feel like a challenging time, but remember, fortune favors the bold.
- Using extreme leverage, whether 30X or 100X, won't lead to wealth.
- it often leads to losses.
- Instead, consider buying on the spot market; it's a more stable strategy. When the market dips, that's the perfect time to dollar-cost average (DCA) more.
- Hold your positions, stake wisely, and most importantly :
- exercise patience.
- it's the ultimate key to success.
- Keep an eye on the charts, watch for triple bottoms, track trends, and be mindful of bubbles and Fibonacci levels.
Happy Tr4Ding!
ETH Prediction : 01 November 2024ETH formed an evening star pattern. If it breaks the support, it will move down and stop at around 2170. Before taking any trade let's wait for today for confirmation of Evening Star. If the trend continues, short the ETH. The chances of going down are very low.
But if it takes the support of 50 EMA trends will continue after after giving a small dip to execute the stop loss for week byers. The chances of going up are very high but only after a long dip. According to the chart pattern the market is getting ready for the long position as the market is consolidating in the range.
Trade Signal for BLURUSDC: Buy OpportunityWe have identified a promising Buy opportunity for the BLURUSDC pair using our advanced strategy, EASY Quantum Ai. Below are the details for this trade:
- Direction: Buy
- Enter Price: 0.2192
- Take Profit: 0.226
- Stop Loss: 0.2082
Justification for the Buy Signal:
1. Technical Indicators: Our analysis reveals that several technical indicators are aligning bullishly for BLURUSDC. Moving averages are showing bullish crossovers, suggesting upward momentum.
2. Market Sentiment: There has been a shift in market sentiment favoring BLUR. Increased trading volume and positive sentiment metrics suggest growing interest in this asset.
3. Support and Resistance Levels: The current entry price of 0.2192 is close to a significant support level. Historical price patterns indicate a probable bounce from this level, making it an opportune point to enter a long position.
4. EASY Quantum Ai Strategy Insights: Our proprietary strategy has identified potential upward trends based on historical data and advanced analytics, predicting a probable rise in price to the specified take profit level of 0.226.
Please ensure you manage your risk appropriately by adhering to the defined Stop Loss at 0.2082. As always, stay informed of market changes and adjust your strategies accordingly.
Good luck with your trading! Always execute trades with diligence and informed understanding.
Bitcoin Short-Term Fractal vs. Sep 30, 2023I believe Bitcoin has found its base bottom at $50K. However, it will take a lot of time to develop an uptrend after the 6-month long consolidation. The next price action can be compared with the bottom forming around September 30, 2023. Tomorrow, a FED rate cut could be a catalyst for Bitcoin to surge.
AUDJPY Massive Long! BUY!
My dear friends,
AUDJPY looks like it will make a good move, and here are the details:
The market is trading on 99.857 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 100.37
Recommended Stop Loss - 99.563
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
Super Micro Computer (SMCI): Strong Entry After Stock SplitSo far, we’re seeing a strong entry on NASDAQ:SMCI following the 1:10 stock split at the beginning of October. The stock has experienced a relief pump of about 20%, which is a solid move in the right direction. 🔥
Super Micro Computer announced on Monday that it’s currently shipping over 100,000 graphics processors per quarter. Additionally, the company introduced a new suite of liquid cooling products, which further fueled its shares, pushing them up 14% after weeks of slumping. If these gains hold, Super Micro is on track to add more than $3 billion to its market value.
At this point, the first resistance level has been met, and we are closely monitoring how the stock reacts. If NASDAQ:SMCI can reclaim and stay above this level, it will likely move toward the next resistance area, offering more potential for upside.
As always, we’re keeping a close eye on developments and will update you with any new moves.
Netflix - This Is A 100% Probability Setup!Netflix ( NASDAQ:NFLX ) will continue its parabolic rally:
Click chart above to see the detailed analysis👆🏻
With this monthly candle, Netflix finally broke above the previous all time high and it about to continue the reversal triangle pattern cycle. We saw the same breakout back in 2013, when Netflix broke above the all time high and then started an even stronger rally of about +50%.
Levels to watch: $750, $1.000
Keep your long term vision,
Philip (BasicTrading)
MPW at these levels look to be a 20%+ gain within 6-12 monthsI have traded this stock for awhile now and going in and out of it can make you some decent gains.
You can see on this chart the upside and downside of it. It has been hit recently because of the default by one of their big tenants. However, this is a fundamentally strong business that will come through that and start to see better results, especially in an interest rate declining environment.
I look at this as a minimum 20% upside play in the next 3-6months based on previous timelines, and you could see this run depending on how they navigate coming around the loss of that client.
I started a position in the sub $4 range and will look to add to it on any dips due to market dynamics.