Voxies up to 0.17?Hello, fellow traders!
This is my analysis on Voxies (VOXELUSDT).
1️⃣ Analysis
We see the price rebounding after reaching the key support level of 0.1304, ATL of the crypto. The current dynamics of the crypto market was able to boost this young crypto into a strong uptrend.
2️⃣ Expectations
The price may rise up to 0.1776, where it will face resistance and revert. 0.1896 is where the major resistance holds.
3️⃣ Key approach
Our first strategy is to enter long and take profit at 0.1770. Entering now may have some risks but I think we will meet the target in long term anyways. Crypto market is in a bullish trend, and we already saw two consecutive bullish candles after reaching the support level. But if you want to play it safer, you could wait until the price drops back to around 0.1418 and confirm the reversal.
4️⃣ Other approach
Our second strategy is entering short at 0.1770. This, in my opinion, is a lot safer than our first strategy since the crypto is in its constant downtrend. After confirming the reversal, we may enter short. The target price would be 0.1304, our support level.
5️⃣ Considerations
There are currently no news about Voxies. This crypto is very young and has low volume. You might want to consider this if are going to trade.
React, don't predict! Stay disciplined and patient. Don't get greedy and be thankful.
Nehemiah 9:26-31
Trend Lines
Monero - taking profit from a swing!Hello, traders!
This is my analysis on Monero (XMRUSDT).
Monero is a crypto that was first lunched in 2014 with the price of 163 and market cap of over 3B US dollars, I think it is a reliable crypto to trade on. Also the community is very active.
1️⃣ Analysis
The price has shown steady wing movements for last 5 months. Of course, this does not mean the swing would continue forever. However, with the right strategy and proper acknowledgement of the risks, I think we have some opportunities here. The price is currently inside the trend moving upwards toward the resistance line.
2️⃣ Expectations
If the price is to keep its momentum and reach the resistance line (green line), we might see a reversal and starting downtrend. HOWEVER, we always want to enter after the confirmation. The resistance line will not hold forever. If we see any kind of sings of breakout near the line such as consolidation and volume spike, we will have to be careful.
3️⃣ Key approach
Our first strategy is to enter short if we see the price touching the line and show reversal. However, we want to make sure the reversal happens even if that means lower profit. If we confirm the reversal, we may enter with final target price being 135.27.
4️⃣ Other approach
There's no other approach for this analysis. Some might think we could enter long now and take profit at the resistance line, but I disagree. Granted, the current movements look promising but we never know what happen. Trading on assumptions is very dangerous. You might say, 'Why enter long for Voxies, then?' That's a valid point but Voxies is different. The reversal was confirmed just yesterday meaning we still have time to enter. Monero, on the other hand, rebounded almost a month ago.
5️⃣ Considerations
There are few things I want to point about. First, swing period for Monero is long. You might have to wait few months for the price to reach the target. Second, there's always a possibility of breakout. We are not to assume that the trend will continue. Look at the orange box in the chart. The price touched the line, dropped, touched again, dropped again, created a doji star, rose, then started a downtrend. This is very confusing pattern. We want to make sure we confirm the reversal! Third, price might decline again before touching the line. This is why we do not want to enter now.
💡 There is one other thing I want to mention in this post. Breakout trading is one of the most profitable strategy there is. It can earn you a lot of money in short period of time if you are right. However, it's very, very stressful and requires strong mentality. Profit is high but so are the risks because there are so many variables to consider. Breakout also requires proper reason: unless there's a totally justifiable reason to change the trend that has been continued for months (like this election for example), I think it's too dangerous to trade on breakouts.
So I narrowed down my strategies - I am looking for (relatively) safe and reliable swing trades where price is moving inside the trend. This gives us less opportunities and requires a lot more patience, but is safer and will grant you big profit in long term.
Monero is one good example. The crypto itself is trustworthy, the price is within the trend, both the resistance & support line are reliable. And we will only enter after confirming the reversal.
I hope this analysis gave you some idea of deciding your own strategy and I hope you make some profit from Monero.
React, don't predict! Stay disciplined and patient. Don't get greedy and be thankful.
Luke 1:78-79
Ultra Bullish On Crypto - Especially BTCOver the last ewek we've seen signals jive in such a way that leans towards the most almighty bullish sentiment. Not only have ween seen an all time high on BTC, we've seen the upper trend line breached that we've been waiting for so long for. Equally, the cup and handle looks very much in play with a target in high excess of $250k. At this time, I'm super bullish on BTC and will be buying up all the dips from here on in until we get the terminal end of wave 5 of 5, which is months away. So, enjoy the up and down, know that up is the direction we're going in and goggle up all the dips like a raging Miss Pacman!
XAUUSD - gold waiting for the Federal Reserve meeting!Gold is below the EMA200 and EMA50 in the 4H timeframe. In case of an upward correction by the FOMC today, we can see a supply zone and sell within that zone with a suitable risk reward.
Donald Trump’s victory in the Tuesday presidential election could alter the economic outlook of the United States and influence the Federal Reserve’s policies in the coming months. Concerns about how much pressure Trump might exert on the U.S. central bank in his second term have resurfaced.
In his campaign, Trump has pledged to impose stricter tariffs on America’s trading partners, deport millions of unauthorized immigrants, and extend the tax cuts approved in 2017. If these policies are implemented, they could exert upward pressure on prices, wages, and budget deficits, creating significant challenges for the Federal Reserve.
Under these circumstances, the Federal Reserve will face increased obstacles in achieving its 2% inflation target while maintaining employment levels. Furthermore, if Trump continues his pattern of public criticism of Jerome Powell, the Fed chair, the U.S. central bank may find itself under political scrutiny.
The Federal Reserve officials have decided to lower interest rates by 25 basis points today, following a half-point reduction in September. The September forecasts indicate another quarter-point cut for December and a full one-percentage-point cut planned for 2025.
Following the rate announcement, Powell is likely to address questions in a press conference about the impact of the election on Fed policies. During Trump’s first term, he faced repeated criticism from him, and recently, Trump has criticized Powell for delays in policy decisions.
Gold : BUYGold bullish trading is a compelling option for investors and traders who aim to capitalize on the rising value of gold in global markets. Often considered a "safe haven" asset, gold tends to attract significant attention during times of economic uncertainty, inflation, and market volatility. A bullish approach to gold trading generally involves betting on its price increase through a variety of strategies, from spot trading and futures to gold ETFs and mining stocks.
One of the primary appeals of a bullish gold strategy is its potential to hedge against inflation. As fiat currencies lose purchasing power, gold's intrinsic value often holds steady or rises, making it an ideal asset to protect wealth. Furthermore, global demand for gold remains robust, with central banks, jewelers, and technology sectors consistently creating a strong foundation for its long-term appreciation.
In terms of trading, bullish positions in gold can be profitable, especially when paired with technical analysis and macroeconomic indicators. Many traders look for signs of economic instability, like geopolitical tensions or declining interest rates, as signals to enter bullish gold trades. In such conditions, spot prices often surge, rewarding those with bullish positions.
However, gold trading also requires caution, as the market can experience pullbacks due to profit-taking or shifts in monetary policy. Moreover, gold’s movements can sometimes be sluggish compared to other assets, so timing is essential to maximize gains. Risk management strategies, such as stop-loss orders, are essential in volatile markets to safeguard profits.
Overall, gold bullish trading is a reliable way to diversify a portfolio and hedge against economic downturns. With the right market insights and risk management, traders can benefit from this timeless asset’s long-standing value and stability.
MOSCHIP:BSE Bullish FLAG & POLE BO WTF POSITIONALMOSCHIP:BSE Stock Analysis
Trade Plan:
Entry: 50% of the total quantity 254 DTF Close, with an additional 50% added at 279 DTF Close Price.
Stop Loss: 215
Target 1: 451
Target 2: 519
Hold for a period of 6 months to One year or until the target 2 is reached.
Chart Pattern:
The stock experienced a 3-month streak to touch an all-time high (ATH) of 326 Subsequently, it retraced in 5M time to a 50% Fibonacci retracement level, forming a bullish flag pattern.
Technical Indicators:
The stock’s daily timeframe (DTF) shows that the price is currently trading above the 50-day exponential moving average (EMA) and the 20-day EMA below the 50D EMA. This indicates a transitional phase of alignment in the stock’s EMA indicators. A potential bullish trend in formation on the DTF/WTF timeframe.
The Trend Based FIBO Extension shows a Bounce from the 50% Level, The Sock will shortly breakout of the Bullish Flag Pattern.
Additionally, the current price is below the 38.2% Fibonacci retracement leve l. This level could serve as a potential entry point for investors, depending on their risk tolerance. More cautious investors might consider entering above the retracement level.
Volume Analysis:
There has been an Drying up of Volumes on the Sell side for a Quarter now. There is Buying in the past 4Weeks but below the 20VMA.. Wait for Breakout and Retest to take Entry
Prioritize Watch List:
Keep this stock in your watch list for further analysis and potential trading opportunities.
Disclaimer: This information is solely for educational and reference purposes. Trading inherently carries risks, and it’s crucial to exercise caution and conduct comprehensive research before making any investment decisions. Make sure you have a well-defined risk appetite, proper position sizing, and a stop-loss order based on your risk tolerance. Exit positions when the price drops 7-8% below your entry point. Consider re-entering the market when the trend reverses.Before engaging in any trading activities, it is paramount to thoroughly comprehend these technical analysis concepts and conduct extensive research on the stocks you are interested in. Furthermore, consulting a certified financial advisor can offer valuable insights and guidance before making investment decisions.
Technical Analysis Concepts:
- Multiple Time Frame Analysis (MTFA):
Daily Time Frame (DTF): Used for short-term analysis and identifying trends.
Weekly Time Frame (WTF): Provides a broader perspective and helps in trend confirmation.
Monthly Time Frame (MTF): Ideal for long-term analysis and trend analysis.
- Chart Patterns:
All-Time High (ATH): The highest price reached on a specific chart.
Lifetime High (LTH): The highest price reached over the entire chart’s history.
Rounding Bottom Cup/Handle (RBC&H): A pattern that signals a potential reversal from a downtrend.
Breakout Close (BO): A price move above or below a resistance or support level.
- Moving Averages:
Exponential Moving Average (EMA): A popular moving average that places more weight on recent price data.
- Fibonacci Retracement/Extension:
Trend-based Fibonacci Retracement: Used to identify potential support and resistance levels during retracements.
Trend-based Fibonacci Extension: Used to identify potential breakout levels during extensions.
- Stop Loss (SL): A predetermined price level at which an investment is automatically exited to limit potential losses.
Additional Concepts:
- Volume-Weighted Moving Average (VWMA): A moving average that gives more weight to high-volume stocks.
- Swing Trade: A trading strategy that involves holding positions for a significant period, typically several weeks to months.
- Positional Trade: A trading strategy that aims to capitalize on long-term trends and position oneself accordingly.
GBPUSD InsightHello, subscribers!
Please feel free to share your personal thoughts in the comments, and don't forget to like and subscribe!
Key Points
- U.S. election concluded with Trump’s victory
- Anticipated dollar strength due to Trump’s policies on corporate tax cuts, regulatory easing, and tariff implementation
- Japan’s Chief Cabinet Secretary Yoshimasa Hayashi stated that they are closely monitoring foreign exchange movements, including speculative actions
- Christine Lagarde, ECB President, warned that heightened trade barriers, tariffs, or obstacles could negatively impact open economies like the Eurozone
- Bitcoin surged by 9.8%
- Dollar Index surpassed 105 points
Key Economic Schedule
- November 7: Bank of England rate decision
- November 8: FOMC meeting results announcement
GBP/USD Chart Analysis
With Trump’s victory, the dollar has strengthened. A short-term continuation of this dollar strength is expected, especially with the BOE and Fed rate decisions remaining in the final two days of the week, which could act as variables. Currently, the GBP/USD chart suggests a likely decline toward the 1.26000 level, followed by a potential rebound to 1.34000.
However, if unforeseen factors cause the 1.26000 level to break, it would signal a trend shift, prompting the need for a quick revision of our strategy.
Nasdaq and S&P500 before the electionHello, traders!
I mostly post cryptos here but I also trade indices so I wanted to share my ideas.
Markets are showing steady and calm movements as the election approaches and I think now might be a good time to watch over the indices.
I often check the indices because I trade them regularly - my idea behind the trades is simple. "It will rise if it gets too low." Of course I wouldn't do the same for cryptos but I feel much more confident with the indices.
Looking at my charts, I noticed the indices are now pretty close to my entry points which are bottom (support) lines of the regression channel and the pitchfork.
With the election and possible rate cut ahead this week, there's a great possibility the markets will move upwards - even regardless of the result. This is due to the excitement for the new government. I'll keep watching.
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Gold Wave Analysis 6 November 2024
- Gold broke support area
- Likely to fall to support level 2600.00
Gold recently broke the support area located at the intersection of the support level 2680.00 (former monthly high from September), support trendline of the daily up channel from September and the 61.8% Fibonacci correction of the upward impulse 1 from the start of October.
The breakout of this support area accelerated the active minor ABC correction from the end of November.
Gold can be expected to fall further to the next support level 2600.00 (which stopped the previous intermediate correction (4) in October).
Delta Airlines: Placing A Huge Options TradeHey, guys. Not a perfect video here, but wanted to lay down an options trade I built in NYSE:DAL . I have another analysis I made on TradingView a long time back on Delta (Found here: ) and it seems like after months of brutal range trading, the stock now wants to move to higher levels.
After having some already successful trades in the name, I am taking more upsized risk here and placing a big, long-term options trade on this name. I am comfortable holding these long term calls over time as I will be able to roll them down the line (unless Delta is sitting at gross levels in 2025) if they are not performing how I had hoped. I also am happy to take in a solid amount of cash while I wait. Here's to happy flights all across the country and the world!
Hope you enjoy the review, and best of luck out there!
Catch the Wave - "1986 Coca-Cola Slogan"Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈KO has been overall bullish, trading above the red trendline.
Moreover, it is approaching a demand zone marked in red.
🏹 The highlighted red circle is a strong area to look for buy setups as it is the intersection of the demand zone and red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #KO approaches the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
HelenP. I Gold will make small move up and then continue fallHi folks today I'm prepared for you Gold analytics. In the chart, we can see how the price some time traded in the support zone, which coincided with the support level and later rebounded down to the trend line. Then the price turned around and started to grow, so, soon it broke the 2525 support level and rose a little higher. After this, the price made a small correction and continued to move up, until it reached 2680 points. Then it turned around and in a short time declined to the trend line, after which rebounded and quickly rose to the resistance level, which coincided with the resistance zone. Price broke this level, made a retest, and continued to move up to 2790 points, but when it reached it, Gold turned around and made a strong impulse down. So, after this, the price broke the trend line with the resistance level and now continues to decline. That's why I expect that XAUUSd will little grow and then continue to decline, therefore I set my goal at 2590 points. If you like my analytics you may support me with your like/comment ❤️
Can Anything Stop Corning?Fiber-optic stock Corning has accelerated since the spring thanks to AI demand. Some trend followers may see an opportunity in its latest pullback.
The first pattern on today’s chart is the series of higher lows since August. The 8-day exponential moving average (EMA) has remained above the 21-day EMA for most of that time, which may confirm its uptrend.
Second is the bullish price gap on October 29 after results beat estimates. That pushed GLW to its highest level since the dotcom bubble.
Third, the stock has pulled back to test its previous close. It’s also near the $46.50 price zone where GLW consolidated last month. Has old resistance become new support?
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HelenP. I Gold can reach resistance level and then start fallHi folks today I'm prepared for you Gold analytics. If we look at the chart we can see how the price declined to the support level, which coincided with the support zone and broke it, after which started to trades between this level. Later, Gold rebounded from this level and dropped to the trend line, after which started to trades inside the upward channel, where it soon reached the 2655 support level and broke it again. Also, the price made a first gap, after which continued to move up to the resistance line of the channel, and even reached the resistance level, which coincided with the resistance zone. After this, Gold dropped a little and then continued to move up to the resistance level, making a second gap inside the upward channel. When the price reached the 2755 level, it broke it and rose a little more, after which turned around and dropped. Price exited from the channel and broke the trend line too, after which made a retest and now it declined. For this case, I expect that XAUUSD will grow to a resistance level and then start to decline. Therefore I set my goal at 2710 points. If you like my analytics you may support me with your like/comment ❤️
BCHUSD getting ready for gainsHello traders,
this is a monthly chart - to keep things really simple.
For the last 2 years BCH price has been "climbing stairs". These "stairs" are based on important levels dating 6 years back (green lines). Price action from Q2 of 2021 up until now has been creating a 'cup and handle' pattern. Handle has beatifully reversed from support level, RSI has found support at 50 level (also important level).
This seems a good entry point to me, with target price for profit taking at 1000-1100 USD. Trade is invalidated, if price dips below 265 USD (one step lower).
It will take some time for this to play out - remember, it is a monthly chart.
This is not a financial advice, trade at your own risk.