HAL for long term looks good HAL Looks good based on price action it has given trendline breakout and also a trend reversal
You can expect first Target of 5600 and longer term for 1 year and above you can expect 9000 levels
Trend Lines
BTCUSD - Bitcoin's good performance will continue in September?!Bitcoin is above the EMA50 and EMA200 in the 4H timeframe and is trading in its ascending channel
Risk ON sentiment in the US stock market or investing in Bitcoin ETF funds has led to its continued upward movement, and you can look for Bitcoin sales positions within the specified supply zone
Capital withdrawals from Bitcoin ETFs or risk OFF sentiment in the US stock market will pave the way down for Bitcoin, which can be sought for Bitcoin buying positions within the defined demand zone
It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important
Regression Channel for Predictive Price Analysis - LAURUSLABSUnderstanding the Regression Channel
A regression channel is a powerful tool in technical analysis, helping traders identify and predict price trends. It consists of a central regression line flanked by parallel lines, forming a channel that contains the majority of price movements.
Step-by-Step Guide to Drawing a Regression Channel
Identify the Trend: Start by identifying the trend you want to analyze. In this chart of Laurus Labs Ltd., we observe the trend from August 2023 to October 2024.
Draw the Regression Line: The central regression line represents the best-fit line through the price data, minimizing the distance between the line and data points. Use charting tools like TradingView to draw this line automatically.
Add Parallel Lines: Draw parallel lines above and below the regression line to form the channel. These lines should encompass most of the price data. The distance between the regression line and the parallel lines is typically determined by the standard deviation of the price data.
Using the Regression Channel for Predictive Analysis
Trend Identification: The upper boundary of the channel acts as a resistance level, while the lower boundary acts as a support level. Price movements within these boundaries are considered normal.
Reversal Signals: If the price breaks through the upper or lower boundary, it may signal a trend reversal. A breakout above the upper boundary suggests a bullish trend, while a break below the lower boundary indicates a bearish trend.
Entry and Exit Points: Traders can use the boundaries of the channel to determine entry and exit points. Buying near the lower boundary and selling near the upper boundary can be a profitable strategy.
Volume Analysis: Volume bars at the bottom of the chart show trading activity. Green bars indicate buying pressure, while red bars suggest selling pressure. Pay attention to volume spikes during price movements.
Conclusion
Drawing and analyzing a regression channel provides valuable insights into price movements. For Laurus Labs Ltd., the channel helps identify key levels where the price may stall or reverse, guiding your trading decisions. By understanding how to draw and interpret this channel, you can enhance your predictive analysis and improve your chances of success in the market.
Those who short gold prices must watch! Be alert!
The first stage target of gold prices next week is 2670. I have already reminded you in advance on Friday this week. The gold price market is expected to continue to rise after the correction to around 2650. It is suitable to buy at low prices when operating. If there is a leading breaking news, this process will be accelerated. This conclusion was verified over the weekend. Next week, it will be directly reflected in the surge in the gold price market.
OANDA:XAUUSD CAPITALCOM:GOLD COMEX:GC1! COMEX_MINI:MGC1!
This is undoubtedly bad news for those who short gold prices. Gold prices will accelerate in advance next week. If you are a short-selling investor. Remember to be alert to the situation after the market opens on Monday. Maybe it is a good decision to stop losses in time.
I am George, an industry insider who has been paying attention to the financial market for more than ten years and maintaining active trading. I will use my professional knowledge to lead everyone to compound interest value-added. If you want to know more, remember to continue to pay attention. Tip: There are many trading opportunities at present, remember not to miss the opportunity to make money now! Others are greedy and I am fearful. Others are fearful but I am greedy.
AAVE: Strong Impulsive Move on the HorizonAAVE is showing two clear, decisive breaks of the upper trendlines, pointing to an upside move. The price action looks impulsive, with sharp upward lunges already visible. If this pattern holds, we’re likely in Wave 3, and a significant move to the upside could happen quickly.
However, after Wave 5 of 5 completes, we should expect a classic ABC correction to follow. For now, the trendline analysis looks solid, but it’s crucial to wait for a decisive trend break before considering taking positions. As always, make sure your signals align before jumping in.
Gold- New all time high this week?Last week, OANDA:XAUUSD fell below the key support level of 2625-2630, briefly testing the area just above the important psychological support at 2600, which also aligns with the ascending trendline.
However, the bulls held strong, and after two failed attempts to push below this level, we saw a sharp reversal on Thursday, marked by a bullish engulfing pattern and a strong close on Friday. This erased the earlier losses from the start of the week.
These are clear bullish signals, suggesting we may see further upside movement and potentially a new all-time high this week.
My strategy is to buy on dips.
CCL Swing Play
Bullish Bias Key Points
- CCL retested the 200ma on the Weekly chart.
- Reverse trending
- Has a good PE ratio at 18.19
- RCL which is also in the same sector is at ATH right now and expect CCL to recover its losses soon.
Entry Anywhere within the range between15-21
First scale out target - 27
Target price - 30-31
Max Target for Long Term - 50 and beyond
More bullish scenario in GOLDGold has broken the 4 hr trendline and retesting the trendline . No important news or event today but due to global conflict price of gold can rise.
Will MANTAUSDT Break Out or Break Down? Critical Moment ApproachYello, Paradisers! 🚨 Are you ready for the next potential breakout, or are you about to miss a crucial move? Let’s dive into MANTAUSDT and see what the charts are telling us!
💎MANTAUSDT has bounced off a key support zone and has shown a Change of Character (CHoCH) towards a bullish market structure. Additionally, a bullish divergence has formed, further increasing the chances of an upward move.
💎While the probability of a rise looks high, caution is essential as the price approaches the resistance trendline. If the price breaks through this resistance with strong candles, it will signal bullish strength.
💎Should the price break out and close a candle above the resistance zone, we could see the formation of a W-pattern structure, significantly boosting the likelihood of a bullish move.
💎However, if the price breaks down and closes below the support zone, our bullish outlook will be invalidated. In that scenario, it’s wiser to wait for better price action before making any moves.
Strive for consistency, not quick profits. Stay patient, disciplined, and keep those emotions in check, Paradisers!
MyCryptoParadise
iFeel the success🌴
$GME Memecoin Massive Breakout!Massive breakout for NYSE:GME on the Daily with the 9/21 EMA crossover.
Daily close 50% on the day.
Any reason for this pump other than it being MASSIVELY undervalued?
Tezos major accumulation!This month big for move for Tezos either up or down. Most likely up since of the accumulation build up.
Long trade
Sun 13th Oct 24
Reason: Support level and POI reached
2.14 pm (NY time) NY Session PM
Pair BTCUSD
Buyside trade
Entry 62415.41
Profit level 63254.14 (1.34%)
Stop level 62338.08 (0.12%)
RR 10.85
BTC and Trendlines: Patience over FOMO for a Clear SignalTrendlines are key to staying disciplined. Recently, BTC has seen some impressive inflows, with a couple of green bars showing up nicely on the charts. In the past, this might have triggered some FOMO, tempting me to start adding capital as those green bars intensified. But does this necessarily mean we’re seeing a trend reversal? Absolutely not.
The real difference between FOMO and a solid trade setup lies in waiting for the ‘jive’ of multiple signals to confirm the move. For me, the most reliable indicator remains the trendline. If the yellow trendline is decisively broken, then we can confidently say BTC is on Wave 3 of 5 of 5 of 1. However, this recent green uptick alone isn’t enough to suggest a decent trade opportunity yet.
Points A, B, and C might have been valid entry points in the past, but without a clear break of the upper trendline, the risk of a reversal still looms large. For confirmation, I’m looking for a decisive break—a full open and close above the trendline, ideally on at least a 4-hour timeframe. Only then can we be more certain about BTC’s next big move.
If Point D is reached (around $63,600), that’s where I’m fully in—riding it up to around $130K. Until then, it’s all about waiting for the signals to align and not getting caught up in short-term excitement.
XAUUSD 13/10/24This week, gold's price action dropped and took out the liquidity to the left, as we discussed in last week's analysis. This move provided enough momentum to fuel a bullish shift, suggesting higher prices are likely, as indicated in our previous analysis. Looking left, there are two liquidity highs that are likely to be targeted next, followed by the all-time high, which is our primary target.
Based on the principle that we may see a pullback into bearish pricing, we have identified an area of demand. If this demand zone delivers a bullish setup, we can look to go long from here, aiming for the all-time high. However, if there is no reaction at this demand zone, we will look for the liquidity below to be taken. Should the price not pull back at all, we will then anticipate the all-time high to be taken directly.
Trade safe and follow your plan.
Have a great trading week!
EURUSD 13/10/24Starting off the week with the US dollar, we saw a significant sell-off last week, which eventually led to consolidation as the week progressed. Price action currently suggests a potential move higher before any long-term downward trend continues. As mentioned in previous weeks' analyses, there is now a buyer's market emerging.
We expect the current price action to persist. While pullbacks are not guaranteed, a broader move towards lower prices in the long term is anticipated. However, short-term reaccumulation is also likely, meaning a push higher is just as probable as a continued sell-off at this stage. We are not expecting a substantial pullback, but the long-term outlook remains bearish.
Key areas of interest include a significant supply zone and a liquidity high. If the price moves up to this level, a strong sell-off could occur. Nevertheless, the overall expectation is for the price to decline further before reaching these points.
Stick to your risk and follow your plan!
Pepe setting up for next leg?With a breakout and retest of a 4 month descending trendline, Pepe looks to potentially be setting up for its next leg. A bullish Q4 for Bitcoin as we have seen last 2 halving years should give Pepe the boost it needs to make the next leg up similar to the one it made in Feb/Mar of this year.
SST - Breakthrough Uptrend / Testing only ??
In the last 50 days price NYSE:SST never came across the redline, is it now the time for a uptrend breakthrough?
Notes
Low trading activity volume recently
RSI @ 50%
MACD moving back to Positive area
No recent news or changes
Latest news were more stock accumulation by Cee Holding Trust.
Position is set to
buy at 1.13
S/L @ 1.05
T/P @ 1.40 - 1.45
Let's see how this plays out next week!
NYSE:SST
S&P 500 index - When will the bull market ends?A linear regression channel spanning over a dozen years doesn’t lie — the graph depicts the S&P 500 index using candlesticks in monthly intervals on a logarithmic price scale. We are entering a danger zone in the coming months! Naturally, the earlier the drop, the less painful it will be.
Near Breakout Stock is about to break 4 month channel. Stock is seen trading in channel. If stock sustain above 1460, we can see a good upside move towards 1607, 1854 in 5-6 months
Stock is trading above 20, 50, 100 n 200 EMA on daily time, weekly time frame.
Stock have good support at 1220.
BITCOIN - Price can bounce down from wedge to $59000 pointsHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Recently price declined to support line and at once bounced up to $60900 level and soon broke it.
Then, price made retest and continued to move up to resistance line, after which it turned around and declined to support line.
Next, price rose to resistance line, but soon started to decline inside wedge, breaking $64300 level at once.
After this, price fell to support line of wedge and then bounced up to resistance line, after which started to fall.
In a short time, BTC fell to support line of wedge, but recently it rose higher than $60900 level, breaking it.
Now, I think that price can rise slightly and then bounce to $59000, breaking support level and exiting from wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Nippon India Nippon India is seen following 6 week down trendline and we have fresh Trendline breakout above 680,
also stock is trading above 20, 50, 100 and 200 EMA.
Stock bounced back from 20 EMA on weekly time frame
This stock can hit all time high in 2-3 weeks as per my analysis. Looking for 810, then 925 in 5-6 months.
Stock is having strong support at 640.
This is not a buy recommandation.
ALGD LongAGLD Long Idea
1.AGLD formed an Ascending triangle in HTF as well as in LTF
2.In HTF the confirmation is done already plus partially mitigated the Fair Value Gap
3.On Fibonacci gold zone it has a positive response.
BINANCE:AGLDUSDT.P BINANCE:AGLDUSDT BYBIT:AGLDUSDT.P
AUDUSD. Weekly price action analysisOANDA:AUDUSD
On D1, there is still an ascending structure, the price moves within the ascending channel. The price is now near the bottom of the channel. Potentially good opportunity to open long trades targeting 0.6800-0.6810 and 0.6940.
On H4, a support level appeared in the zone of 0.6700-0.6715, a good zone for opening long trades when a signal appears.
Good luck everyone and stay safe!
