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Trendanalysisexplained

SÓL/USDT 1D IntervalHello everyone, I invite you to review the SOL to USDT chart on a one-day timeframe. As you can see, the price has fallen below the uptrend line. After unfolding the Fib Retracement grid, we see that the price remains under the support at 0.618 fib, then we have support at $16.96, and then support at $12.80. Looking the other way, we see that the first resistance is at $22.40, then we have a resistance zone from $24 to $26, and when we break out above the resistance at $27.26, then $29.46. Looking at the CHOP indicator, we see that there is a lot of energy collected, on the RSI we have a sideways trend with room for a price decrease, while on the STOCH indicator we can see that the energy is used up at the moment.
by cryptodailyuk
2
BTC/USDT 1D Strong Upward MovementHello everyone, let's take a look at the BTC to USDT chart in a one-day timeframe. As you can see, the price is moving strongly towards the downtrend line, but still stays below it. When we unfold the FIb Retracement grid, we see that the first support is at $27,506, then the second support is at $26,277, and then the third support is at $24,820. Looking the other way, first resistance is at $28,392, then we have a strong resistance zone from $29,221 to $30,364 and then strong resistance at $31,807. Looking at the CHOP indicator, we see that the energy is increasing with the price movement, on the RSI we have an increase with room for the price to go higher, also on the STOCH indicator we have a significant increase and some room for the price to go higher.
by cryptodailyuk
1
Problems You Face As A TraderIn the fast-paced world of Forex trading, you're constantly searching for a winning strategy that aligns with your trading style. It can be overwhelming, with multiple strategies leaving you frustrated and lacking the guidance needed to navigate the dynamic market. Let's talk about the problems you may face on your journey and if you are facing them comment them below and maybe I can encourage you through it. 1️⃣ Trend Identification: Without learning how to spot profitable trends and align yourself with the prevailing market direction, you may face the following challenges: Missed Opportunities You might miss out on potential profitable trades by failing to identify trends and enter at the right time. Trading Against the Trend When you trade against the prevailing trend, you increase the risk of entering losing trades, as the market momentum works against your position. Uncertainty in Trade Direction: Without trend identification, you may struggle to determine the overall direction of the market, leading to confusion and indecisiveness in your trading decisions. 2️⃣ Market Structure Estimation Zones: If you neglect to pinpoint critical entries through market structure (estimation zones), you may encounter the following issues: Inaccurate Trade Entries and Exits Without identifying your entry point, you may enter or exit trades at suboptimal price points, reducing your profitability. Increased Risk Failing to recognize key market structure price points increases the risk of placing trades in areas where price reversals or consolidations are likely to occur. Lack of Confidence in Trade Decisions Without a clear understanding of market structure, you may lack the confidence needed to make informed trade decisions, leading to hesitation and missed opportunities. 3️⃣ Efficient Execution in Under 1 Minute: If you are unable to execute trades swiftly and efficiently with predefined targets, stop-loss levels, and positions, you may face the following challenges: Missed Entries Delayed trade execution can cause you to miss optimal entry points, resulting in reduced profit potential. Emotional Decision-Making Slow execution may lead to emotional decision-making, as you may be influenced by short-term market fluctuations rather than sticking to your predetermined strategy. Increased Exposure to Market Risks Procrastination in trade execution increases your exposure to market risks, such as sudden price reversals or volatility, potentially resulting in higher losses. 4️⃣ Emotion-Free Trading with Pending Orders: Without incorporating pending orders to trade unemotionally and discipline yourself, you may encounter the following problems: Impulsive Trading Making decisions based on emotions and immediate market movements can lead to impulsive trades that deviate from your overall strategy. Inconsistent Trade Execution Emotion-driven trading decisions can result in inconsistent trade execution, causing variations in risk management and profit potential. Lack of Trading Discipline: Without the use of pending orders, you may struggle to adhere to your predefined trading plan, increasing the likelihood of undisciplined and impulsive behavior. 5️⃣ Customization for Different Trading Styles: If you neglect to tailor the trading strategy to your preferred trading style, you may experience the following challenges: Ineffective Trading Approaches Using a strategy that does not align with your preferred style may result in suboptimal trading decisions and reduced profitability. Lack of Comfort and Confidence If you cannot customize your strategy to match your preferred style, you may feel uncomfortable and lack confidence in executing trades, leading to indecisiveness and missed opportunities. Inconsistent Results Without adapting the strategy to your trading style, you may struggle to achieve consistent results, as the approach may not cater to your strengths and preferences. 6️⃣ Support for Struggling Traders and Beginners: As a struggling trader or beginner, without personalized coaching and guidance to nurture your trading skills, you may encounter the following difficulties: Inconsistent Performance: Without proper guidance, you may find it challenging to achieve consistent performance, leading to frustration and a lack of progress. Lack of Confidence Without support, you might struggle with self-doubt and a lack of confidence in your abilities, hindering your growth and development as a trader. Difficulty in Identifying Mistakes You may have difficulty identifying your mistakes and finding effective solutions without the guidance and feedback provided through personalized coaching. By focusing on trend identification, market structure estimation zones, efficient execution, emotion-free trading, and customization for your specific trading style, TMP(trend, market structure, and pending orders) empowers you to trade better so you can overcome some of the problems listed above. Traders, if you liked this idea, need encouragement, or liked my take on problems you may face as a trader, write it in the comments and like this post.
Long
by ShaquanLopez
4
Daily BTC 1DChart - resistance and supportHello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the one-day interval. First, we will use the yellow line to mark the uptrend line that the price is moving at the moment. Locally, we can mark the downtrend channel with blue lines. Now we can move on to marking the places of support in case of returning to the correction. And here we see that the first support is at $26480 which the price is currently based on, then we have the first strong support at $25261 which held the price in the recent rebound, then the third support at $24023 and then the very strong support at $24023 $22,350. Looking the other way, in a similar way, using the fib retracement tool, we can determine the places of resistance. First, we will mark a very strong resistance zone from $28665 to $29463, only when the price breaks it will we move towards the resistance at $30502, and then when the price breaks it, it will open the way towards the resistance at $33426. Please note the CHOP index which indicates that there is still a lot of energy for the upcoming moves, the MACD indicator indicates a return to the downtrend, while the RSI is moving in the lower part of the range, but with room for the price to go a little lower.
by cryptodailyuk
12
FTT - FUD ON THE ABYSSThe "FTT token" is the native cryptocurrency token of the trading platform FTX. > Sam Bankman-Fried is one of the founders of the platform and is considered the "young Elon Musk" in community circles. > For some time, "rumors / speculations" started that the separate company behind FTX = ALAMEDA (investment fund) might be insolvent. (both companies are owned by Sam Bankman-Fried). > The reason is lack of liquidity of ALAMEDA balance sheet, which consists of Illiquid crypto collateral, + lack of cash reserves. > After asking for evidence, the answer was indirectly dodged. Yesterday, the founder of BINANCE had announced on Twitter that he will liquidate his existing FTT tokens. As a reason for his decision, he cited a lack of trust and looking back at the last "disasters" with "Celsius", "LUNA" + "3Arrow", he does not want to expose himself to any additional risk. It should be noted that the announcement of the Binance founder from the timing, a supposed death blow - Spartan scale resembles. > With this he poured oil on the existing fire and the situation could escalate at any time. > Should there be a "bank run" on the company + the token here if necessary, you can in the following analysis, get a picture of the possible crash. The probability that this problem will be solved is of course in the room, a possible "loss of face" Sam / FTX / ALAMEDA - can no longer afford. > Result = wait and see and rather stay out of trading - that will end in liquidation, both directions. . We are, with the course, at several last SUPPORT levels. > Should these be significantly broken, it will be a fast descent! > If the rumors are true, this will additionally mean another sell-off for the crypto markets. RELEVANT LEVEL - 22.00 USD - 20.00 USD - 19.82 USD (SIGNIFICANT BREAK = crash) WEEKLY VIEW 3 DAY VIEW DAY VIEW > Feel free to discuss it in the comments and share our perspectives, I'd be "burning" to hear your take on the whole thing. If this idea and explanation has added value to you, I would be very happy to receive a review of it. Thank you and happy trading!
FTX:FTTUSD
by ZielIstDieAutarkie
SPX: About to Trigger an Insane Chart Pattern.• We nailed the 4,195 target on the SPX, as mentioned in my previous public analysis from May 16 (link below this post); • Now, it appears the index wants to correct, and the 21 ema is right there waiting for it, as a technical support level. This makes sense as it just hit its target; • The problem is that it isn’t dropping properly. Despite the drop this morning, the candlestick is still bullish, and this opens room for the possibility of a sideways correction, opposing the idea of a price correction to its 21 ema; • Either way, as long as the index remains under 4,195, it’ll be very difficult for it to resume the bullish bias; • Yes, the trend is bullish, as the index is doing higher highs/lows and it is above the 21 ema; • Long-term speaking, there’s an Ascending Triangle chart pattern on it, and the index has just reached its resistance line; • Therefore, any short/mid-term correction is plausible, however, if the index breaks this resistance line, it’ll trigger this pattern; • The technical target of an Ascending Triangle is the distance between the first bottom and the resistance line projected in the direction of the breakout. This suggests a target around 5k – remember, this is the weekly chart; • It all depends on how the index will react from here, now that it just reached a critical resistance level. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
SP:SPX
by Nathan_The_Finance_Hydra
2
TSLA: This is Why it Can Explode (Even More).• TSLA just reached another resistance level, after breaking its previous resistance at $177, as mentioned on my previous public analysis (link below this post); • Although it just hit another resistance level at $191, there’s no top signal, nor bearish reversal structure on TSLA yet. Even if we see TSLA dropping, the trend would still remain bullish – remember, pullbacks are different than reversals; • This happens because the trend is still bullish, as TSLA stock is doing higher highs/lows since April 27, and it is clearly above the 21 ema now; • Any pullback to the $177 area again wouldn’t be the end of the world. In fact, when the trend is bullish, any bullish reaction around a support level must be considered an opportunity to buy/add positions; • On the weekly chart, TSLA is on the verge of triggering a Flag chart pattern. This pattern wasn’t triggered yet, but if we see an upwards breakout, then we’ll see a long-term bullish reversal pattern getting triggered for the first time since 2021; • If triggered, this Bullish Flag could easily take TSLA above the $300, long-term speaking; • TSLA is almost hitting the upper trend line, which is another technical resistance level. • Therefore, it all depends on how TSLA will react now that it reached its resistance levels, mid-term speaking. So far, no top signal around, and TSLA looks very promising. Let’s keep our eyes open. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
2
Daily BTC 1DChart - resistance and supportHello everyone, welcome to Thursday's Cryptocurrency Review. Let's start by checking the current situation on the BTC pair to USDT, taking into account the one-day interval. First, we will use the blue lines to mark the uptrend channel in which the BTC price is moving at the lower limit. Now we can move on to marking the places of support in the event of a correction. And here in the first place we have support that currently holds the price at $ 26692, then it is worth marking a strong support zone from $ 25298 to $ 23979, however, when we fall below this zone, we can see a drop around $ 22002. Looking the other way, in a similar way, using the fib retracement tool, we can determine the places of resistance. First, the price has to break through the strong resistance zone from $ 29050 to $ 29887, when it manages to break it, we have strong resistance at $ 31053. When it manages to overcome it, the price will be able to move towards the resistance at $ 34324. Next, it is worth looking at the EMA Cross 10 and 30, which so far indicate a downtrend. Please pay attention to the CHOP index which indicates that most of the energy has been used, the MACD indicator indicates the maintenance of the local downtrend, while the RSI after rebounding, a small price increase will give a visible movement on the indicator, which may pull the price lower around the previously defined support zone.
by cryptodailyuk
AAPL: Big correction ahead? Only if it does this...• AAPL just reached a short-term support line on the 1h chart, around $170.93; • This support area acted as a support on three different occasions recently, and it acted as a resistance level on May 3; • So far, it seems AAPL is reacting above this key point. In this case, we can expect that it will seek the next resistance around $174, which is the main resistance line of this congestion; • Although AAPL is correcting on the 1h chart, the daily chart is still very bullish. We see nothing but higher highs/lows and AAPL is trading consistently above the 21 ema; • In theory, it could correct a little bit more, to the 21 ema, and that wouldn’t ruin the bull trend. The 21 ema is at $169.43 now; • Therefore, the area around $170.93 (1h) and $169.43 (D) is a dual-support area on two different time frames. Only if AAPL loses this dual-support area we would see a sharper correction, maybe even a top signal on the weekly chart: • However, as long as AAPL maintains its bullish structures up, there’s no reason to concern. I’ll keep you updated on this. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
TSLA: Bottom nailed! What's next on it?• TSLA did a powerful bottom sign just after it hit the $165 support line, the key point that I mentioned yesterday, on our previous analysis (link below this post, as usual); • Now, TSLA is trigged a short-term reversal structure, as it did a higher high/low, breaking a pivot point at $169.51, and it is above the 21 ema (which is pointing up now); • So far, there’s no top signal indicating a possible correction, and since TSLA reacted above our support level, it is avoiding a sharper correction, for now. • On the daily chart, TSLA is still bullish, as it has been following the pattern of higher highs/lows, and our key support at $165 did an amazing job yesterday; • In addition, TSLA broke the 21 ema resistance today, which was acting as a resistance yesterday (yesterday’s high was just at the 21 ema); • The next technical resistance is at $177, which is the previous high and the trigger point of another bullish pivot point. By breaking this pivot point, TSLA will resume the bull trend and seek higher levels, probably around $200; • Lastly, the gap at $177.65 wasn’t filled yet, so TSLA has more upside left. I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
4
TSLA: Last Chance to React.• TSLA is once again reacting above our key support line at $165, which we already mentioned yesterday (the link to my previous analysis is below this post, as usual); • Only if TSLA loses the $165 we would see a sharper correction ahead, probably to fill the previous gap around $161 (yellow square); • On the daily chart, we see why the $165 is so important: This key point was a previous resistance level, and now it is acting as a support (Principle of Polarity); • By losing this key support, TSLA would reject the previous bullish pivot point (previous higher high/low), making a new low; • In this case, the mid-term target is at $154. I’ll keep you updated on this, as usual. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
9
NVDA: Inside a Dangerous Trap Zone.• NVDA is trading inside a Trap Zone, between the $289 resistance and the ascending 21 ema, which is squeezing the price as time passes; • Only a breakout of one of its key points would bring something new to NVDA. Usually, Trap Zone breakouts are quite powerful; • By breaking the resistance at $289, NVDA would just resume the bullish sentiment, and the next resistance is only at $313; • The bias is already bullish, and NVDA is in a bull trend, because it is doing higher highs/lows and it is above an ascending 21 ema. Therefore, an upwards breakout is more likely; • However, what if it loses the 21 ema? In this case, the next technical target is the $272, which is the trigger point of a possible Double Top chart pattern. • There’s a Descending Channel on the 1h chart, and if NVDA breaks it upwards, it’ll just reinforce the bullish sentiment; • By losing it downwards, NVDA would probably lose the 21 ema on the daily chart as well, and the next technical target is the $272 (black line); • As mentioned above, the $272 is a trigger point of a Double Top pattern, on the daily chart, and the technical target for this pattern is the $262 area (blue line); • Therefore, it all depends on how NVDA will react from here, and to which direction the breakout of the Trap Zone will occur. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
1
NIO: Trading in a Dangerous Area; Watch Out For These Key Points• NIO is trying to reverse the trend on the 1h chart, as now it is above the 21 ema, which is ascending; • What’s more, NIO just filled one of its gaps at $8.29, but it seems this area is acting as a resistance now; • The problem is that we don’t see a clear bullish structure, like a higher high/low yet. This gives the impression that this was just a short-term rally, not a real bullish reversal; • To make things worse, NIO is on the verge of losing its previous support line at $8.03, and this could completely frustrate this rally; • Therefore, NIO must close above this key point today, in order to avoid a bearish continuation; • On the other hand, it seems that the $8.29 is our key resistance, and only by breaking it, NIO would actually turn bullish again. In this case, it could fill all the previous gaps and hit the $9.47 again. • On the daily chart we see that the 21 ema acted as a resistance, and NIO failed in breaking it. This 21 ema is at $8.33 right now, close to the $8.29 seen in the 1h chart, making this area a dual-resistance level; • Therefore, it is crucial for NIO to break this resistance as soon as possible, in order to trigger a meaningful bullish pattern. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NYSE:NIO
by Nathan_The_Finance_Hydra
2
TSLA: Complete Multiple Time Frame Analysis (H, D and W charts).• After breaking its main resistance lines in the 1h chart, TSLA is in a bull trend, doing higher highs/lows, while trading above the 21 ema; • Since the short-term momentum is bullish, it should hit its next technical target at $177.65 – in theory; • The previous resistance at $169.60 (red line) seems to be acting as a support level today, which corroborates the Principle of Polarity in technical analysis, which states that previous support levels will work as future resistance levels and vice-versa; • Only if TSLA loses this red line, we might see this bullish momentum frustrated, in the short-term. • In the daily chart we see that TSLA just broke its 21 ema, indicating that it wants to reverse the mid-term bear trend; • What’s more, the 21 ema is very close to the red line seen in the 1h chart, making the area around $170 a dual-support level in different time-frames; • In addition, the $177.65, the next technical resistance line seen in the 1h chart is an open gap seen in the daily chart, from the previous earnings; • As long as TSLA keeps trading above its dual-support level, no pullback or reversal will materialize, and the bull trend will persist. • Since TSLA is bouncing after it hit a critical support line in the weekly chart at $164 (red line), in theory this bounce should persist, even considering the possibility of a short-term pullback; • Only if it loses the $164 we would see the recent bullish signals frustrated; • In this case, we could easily close the gap at $146, as seen in the daily chart. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
6
NVDA: Reached a Critical Turning Point | Weekly Analysis.• NVDA is extremely bullish, and in spite of the top signals it gave us last week, it didn’t trigger any single one of them, frustrating any bearish thesis on it; • The 21 ema, the first support level, has been acting as a good support level this year; • The $262 is a key support level, and only if NVDA loses it we might see a further correction, maybe to the $244; • There’s one problem with this bull trend, though, which is the previous resistance at $289 (green line). NVDA has yet to break this key point, which is a quite important one, especially if we see it in the weekly chart. • The $289 is a previous top level from March 2022, and this is why if NVDA triggers any top signal around this area we could see a sharp correction; • Keep in mind, the trend is very bullish, as this year, NVDA did an upwards breakout from a Descending Channel and it triggered an IH&S chart pattern; • However, any top signal could trigger a correction to the 21 ema in the weekly chart again, and this wouldn’t ruin the bullish momentum in this time-frame; • So far, there’s no top signal or bearish structure indicating a pullback, and NVDA has everything to retest its ATH again, but we must keep our eyes open in this area. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
Daily ETH 1DChart - ReviewAs the second chart in today's review, we will check ETH against USDT, also on a single-day timeframe. First, we will use the yellow line to mark the main downtrend line that the price is approaching, previously we managed to exit the first downtrend line. We are currently moving similarly to the example of BTC in the uptrend channel marked with blue lines. Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the supports, and as you can see, we have the first support at $ 1858, which has held the price for now, then we can mark a strong support zone from $ 1678 to $ 1517, but when the zone is broken, then we have a second zone from $ 1382 up to $ 1168. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we have the first very strong resistance at $ 2230, the next resistance at $ 2550, and then the third resistance at $ 3010. Nevertheless, a very important level will be the resistance at the so-called golden point of the Fib retracement at $ 3350. Please look at the CHOP index which indicates that there is a lot of energy to move. The MACD indicator is on the verge of entering an uptrend. On the other hand, we observed a rebound on the RSI and we currently have an upward movement, with room for further movement.
by cryptodailyuk
1
BTC/USDT 1daychart Review Hello everyone, I invite you to review the current situation on BTC in pair to USDT, taking into account the one-day interval. First, we will use the yellow line to mark the main downtrend line that the price has broken, while we are currently moving in the uptrend channel, for which we have used the blue lines. When we turn on the Ema Cross 200, we can see that the price remains above the blue line, which means that the long-term uptrend is maintained, while the EMA Cross 10 and 30, also indicate the continuation of the uptrend. Now we can move on to marking the places of support in the event of a correction. And here we first have support at $ 27381, then second support at $ 25243, then there is a strong support zone from $ 23372 to $ 21569, but when the zone is broken, the next support is at $ 18897. Looking the other way, in a similar way, using the fib retracement tool, we can determine the places of resistance. And here we see that the first strong resistance is at $ 31724, the second resistance at $ 35799, and then the third resistance at $ 41210. Please pay attention to the CHOP index which indicates that we have a lot of energy for the upcoming move, the MACD indicator indicates that we are on the verge of returning to the uptrend, while the RSI shows slight increases with room for the price to go up.
by cryptodailyuk
QQQ: Must React As Soon As Possible.• QQQ corrected to the 21 ema again, after filling the previous open gap at 322.08 (open since Aug 22, 2022); • It is ok to see QQQ losing strength after reaching this key resistance, however, in order to maintain the bullish bias, the 21 ema must act as a support; • If don’t, QQQ could easily seek the next support level, which is around 310, and this would frustrate the mid-term bullish bias; • The trend is still bullish because QQQ isn’t doing lower highs/lows yet, and now it is right at the 21 ema again. There’s no bearish reversal signal on QQQ yet; • On the other hand, there’s no bottom signal as well. QQQ must perform a bottom as soon as possible as it just reached its 21 ema in the daily chart. Only then, we’ll see a confirmation signal that the bull trend will resume. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:QQQ
by Nathan_The_Finance_Hydra
NVDA: 2 Top Signals Under a Powerful Resistance - What's Next?• NVDA finally hit its long-term target this week, the 289 resistance, which I mentioned in my previous public analysis (the link to it is below this post, as usual); • It has been correcting since then, as it did a top signal just under our 289 resistance (Bearish Harami). However, the trend is still bullish, as NVDA is still doing higher highs/lows and it is still above the 21 ema; • Despite this correction, there’s no clear technical bearish reversal pattern around; • The 21 ema is supposed to act as a support now, but if it doesn’t, the main support line is the 262 – only by losing this line NVDA might reverse the mid-term trend and trigger a sharper pullback in the weekly chart. • In the weekly chart we see that the candlestick is quite bearish – so far, it is a Shooting Star, and it appeared right under the 289 resistance (green line), another top signal, if it closes this week looking like this; • If NVDA loses its key support level in the daily chart, a sharper correction in the weekly chart is plausible, and the 21 ema would be our next target; • Even a correction to the 21 ema wouldn’t ruin the long-term bullish bias, however, it would frustrate the bull trend in the daily chart; • For now, let’s pay attention to how NVDA is going to react now that it is close to the 21 ema in the daily chart. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
3