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Trendlineanalysis

$SOFI | Allocation | Market Exec |Technical Confluences: - Price action has bounced off a 78% Fibo retracement - Below the 78% Fibo retracement is also been a Demand Zone which breaking it would like lead to a new all time low - For price action to move up higher, it needs to break above the Interest Zone (@ 61% Fibo) and also the resistance trendline - Upon breaking that, it's next resistance would be the Supply Zone area above Fundamental Confluences: - SoFi has shown impressive revenue growth but struggled with profitability, posting net losses due to high operating expenses and investments in growth. - The path to profitability is improving as the company scales and focuses on higher-margin products, but consistent positive earnings have yet to be realized. - They have historically reported negative FCF but recent quarters have shown improvements. The company’s ability to generate positive FCF will be critical to sustaining its growth without needing to rely on external financing. ----- I have previously allocated to NASDAQ:SOFI before as I feel this company is a high-growth potential with promising narrative as explained above. Will be happy to add if there is again a dip in the price. -----
NASDAQ:SOFILong
by weekendanalyst
Don't listen to the doubters on Bitcoin! Daily trend-lines below I don't use trend-lines a great deal, because they are objective and what I mean is that traders have different ideas on where to place them. So I constructed several trend lines on the Daily-chart for BTC USD above 3 lines & below 2 lines. Well guess what? Current price is sitting on the 200 EMA (which looks to be sloping up soon, note that 200 EMA is dead-set horizontal at current price. But there's more guys....... About a week or so on the Daily chart there was a bullish cross up on the MACD. Weekly & Daily RSI levels are sloping upwards and the Stochastics which I mostly follow are doing the same thing. You see, I am a contrarian trader & I think to myself why would traders bid-up the Gold Price a shit-load more this coming week when my Stochastics on the weekly and daily shows its very overbought. Sure, it might run up a bit more at the start of the week. After all it is in breakout territory. I think precious metals investors & banks, market makers will turn their focus to bidding up bitcoin this coming week. Do I know, 100% that it will be Bitcoins turn, of course not. But I will be watching the BTCUSD chart with interest. Also see my other Bitcoin weekly chart which shows the 2024 M-TOP sell-off. The M-TOP bearish pattern played out to an exact 18.8% approx to the downside from the top of system. So, why the hell would price be taken down again. I don't see a bearish H&S or another M_TOP forming. Trade smart guys. Don't be fooled by the so-called experts with their complicated trading styles & busy chart. (I keep it simple & trade the patterns mostly & I watch out for divergences & overbought and oversold areas). I made so much money on gold and silver the last several weeks & mostly this past week, that my broker in a very veiled way (Fusion Markets) showed me the door, here in Australia. I am now with Eightcap. Cheers, Chris. Cheers, Chris
EIGHTCAP:BTCUSDLong
by Easy_Explosive_Trading
1
$GBPUSD | Sell Trade H4 | Execute & Sell Limits |Technical Confluences: - Price action is between a 50 - 61% Fibo retracement range - Horizontal trendline coincides with the 61% Fibo retracement levels - Price is also at a Supply Zone range - Stochastics on the H4 is in Overbought conditions Fundamental Confluences: - Market is reeling with the optimism of incoming FED cuts but FED seems to feel differently based on the few FED speaker's speeches - The riots in the UK will definitely have some economic drag on the GDP ________________________________ Will be executing my 1st sell entry into FX:GBPUSD and set Sell Limit orders as show in the charts. Targeting to TP approximately half the position at the 38% Fibo Extension levels (in blue) and move my SL levels to B/E. Full TP are the 61%/78% Fibo Extension levels. Remember, DYOR. ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
Long
by weekendanalyst
2
$HIMS | Allocation | Market Exec |Technical Confluences: - Price action is near the 50% Fibo retracement area - Price action have bounced off the 200 MA (Red) and has a valid Resistance Trendline with an Interest Zone nearby - Stochastics is inn Oversold conditions in the Daily & Weekly timeframes - Elliot Wave 4 seems to be completing at the 50% Fibo line and aim for the 100% Fibo Extension line @ 29.51 Fundamental Confluences: - Telemedicine with US being a focus market is great as healthcare issues seems to be increasing; demographics start to shift right - The main health markets that they target are issues that many in the society prefer to remain anonymous about and telemedicine solves that for them - One negative would be the high expenses they are spending on A&P budgets, a drag but overtime, we can see the impact of what they have been pushing all these while ________________________________ Putting NYSE:HIMS as part of my medical/health category of my portfolio. Will start my first allocation now and look at adding more into it if price moves into 50% - 61% Fibo range (Interest Zone). Remember, DYOR. ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
NYSE:HIMSLong
by weekendanalyst
ADVANCED MICRO DEVICES - Ready for a reversal?NASDAQ:AMD is retesting a significant horizontal structure and we might see a bullish reversal soon, considering that AMD already created a correction of -45% over the past couple of months. Click chart above to see detailed analysis AMD is clearly one of these "AI" hype stocks which is now coming back to normal levels after also NVIDIA and other tech stocks are correcting a bit. AMD has been trading in a rising channel formation since the "Covid" crash back in 2020. With the recent break and retest, we could definitely see a bullish reversal soon. Levels to watch: $120 Keep your long term vision, Philip - BasicTrading
NASDAQ:AMDLong
by basictradingtv
5
SWING IDEA - NDTVThe Stock seems to be following the Trendline and successfully forming Higher High and Higher Low Pattern. Convergence Divergence is also in play currently. MACD Crossover has also happened exactly at Trendline retouch indicating a move upward. Election results has helped the stock to rally as well, since Modi government retains power for the 3rd time. If everything goes well, stock should be ready for its next leg up and possibly start making new Higher Highs too.
NSE:NDTVLong
by thepranam
Today trend gold bearishI just analyse the all global data and its, so powerful news come from all around the different countries in fear of USA will be in recession stage. japan maket crash in a single day make low of his history and Taiwan market crash rapidly and India make history low value of Indian currency. my scenario now market make low lower then low of this bull rally will end i think You take sell position around 2400.00 and make your stock loss around 2420.00 make take profit different level my target 2365.00. if its break definitely its make more low level. 2390.00 2385.00 2375.00 2365.00 Take profit 2 hit then you will move your entry price is your stock loss. use small lot size on chart market make manipulation so be carefull.
FXOPEN:XAUUSDShort
by NaviPips
NZD/JPY Daily Setup The NZD/JPY currency pair is currently experiencing a healthy pullback following a significant decline of 1600 pips over the past 26 days. My key area of interest is around the 89.950 level due to several converging factors. These include a rejection point at 89.948, an ascending trendline originating from August 2023, the 0.786 level on the daily Bearish Fibonacci retracement, the psychological round number of 89.950, a descending trendline that started in March 2024, and the overall market structure. Regarding the JPY Basket, it is also undergoing a pullback after advancing 38% over the last 25 days. I anticipate that the JPY Basket will react and potentially face rejection around the 6437 level.
Short
by ChartStrategist
Tesla - It was a clear fakeout!NASDAQ:TSLA just confirmed a false breakout and is now reversing towards the downside. Being able to only read price action properly can already make you a profitable trader. Tesla was attempting a triangle breakout last month but closed with a significant bearish wick. Therefore this is considered a false breakout and Tesla will head lower over the next couple of weeks since it is still trading below the resistance trendline. This was just pure price action. Levels to watch: $160, $120 Keep your long term vision, Philip - BasicTrading
NASDAQ:TSLAShort
by basictradingtv
2
Bitcoin's Shocking Pullback: A Hidden Opportunity for Major GainMade new High inside of Weekly and Daily and now broke back inside of old high and making a new series of Lower Highs and Lower Lows. This is not a longterm of the current picture of BTC. Major Trend is Bullish but we could experience some pull back in the market where Larger amounts of money can now enter again. Trend Analysis: Down Trending Market: The market continues to show a downtrend, with lower highs and lower lows. New Highs and Lows: The chart highlights a recent new high within the weekly and daily range, followed by a breakdown back inside the old high, indicating a new series of lower highs and lower lows. Key Insights: The annotation mentions that this is not a long-term picture of Bitcoin (BTC). The major trend is bullish, but the market is currently experiencing a pullback. This pullback could be an opportunity for larger amounts of money to re-enter the market. Key Levels: New Daily High: Marked at 73,929. 4HR LQZ / TP 1 / Reversal: Marked at 70,229. 1HR LQZ / TP 1 / Reversal: Marked at 53,606. 4HR LQZ / TP 2 / Reversal: Marked at 48,308. Daily LQZ: Marked at 38,398. Chart Patterns: Yellow Trend Lines: Show the descending channel the price is following, reinforcing the downtrend. Labels: Indicate specific market conditions and key points like "Down Trending Market" and the breakdown of the new high inside weekly and daily ranges. Current Price: Current Price Level: Shown as 60,585 with a decrease (-0.14%). This enhanced analysis provides a more comprehensive view, indicating both the current downtrend and the potential for a bullish re-entry. The annotations also clarify that while the immediate trend is bearish, the overall long-term trend for Bitcoin remains bullish.
BITSTAMP:BTCUSD
by Adlercon333
Gold at a Crossroad: Breakout or Breakdown? Key Levels to Watch!Chart Overview Timeframe: 1-hour chart Exchange: OANDA Current Price: 2444.100 Key Levels and Zones 4HR LQZ: 2474.524 1HR LQZ: 2370.122 Support Level: 2348.660 Key Low: 2287.754 Patterns and Channels Descending Channel: The price moved within a descending channel before breaking out. Lower Highs (LH) and Lower Lows (LL) formed within this channel. Ascending Channel: The price moved into an ascending channel after breaking out of the descending channel. Higher Lows (HL) and Higher Highs (HH) are visible, indicating a potential upward trend. Current Price Action Recent Higher High (HH): Price reached a higher high at the top of the ascending channel. Potential Lower High: There is a possibility of forming a new lower high, as indicated by the recent price action near the 4HR LQZ. Rejection at 4HR LQZ: The price touched the 4HR LQZ and showed signs of rejection, pulling back slightly. Inset Chart: DXY The inset chart displays the DXY (US Dollar Index), which shows a descending pattern, potentially indicating USD weakness. This is relevant because gold often inversely correlates with the USD. Market Sentiment Bullish Signs: The breakout from the descending channel. Formation of the ascending channel with higher highs and higher lows. Bearish Signs: Rejection at the 4HR LQZ. Potential formation of a new lower high, indicating possible weakness or a reversal in the uptrend. Summary The XAUUSD chart shows a recent breakout from a descending channel and the formation of an ascending channel, suggesting a short-term bullish trend. However, the price faced rejection at the 4HR LQZ and is showing signs of forming a potential new lower high, which could indicate a reversal or consolidation phase. Monitoring key levels and market sentiment (especially USD movements) will be crucial for future price action.
OANDA:XAUUSD
by Adlercon333
Gold Faces Critical Resistance: Will the Bull Run Continue?Chart Overview Timeframe: 1-hour chart Exchange: OANDA Current Price: 2444.100 Key Levels and Zones 4HR LQZ: 2474.524 1HR LQZ: 2370.122 Support Level: 2348.660 Key Low: 2287.754 Patterns and Channels Descending Channel: The price moved within a descending channel before breaking out. Lower Highs (LH) and Lower Lows (LL) formed within this channel. Ascending Channel: The price moved into an ascending channel after breaking out of the descending channel. Higher Lows (HL) and Higher Highs (HH) are visible, indicating a potential upward trend. Current Price Action Recent Higher High (HH): Price reached a higher high at the top of the ascending channel. Potential Lower High: There is a possibility of forming a new lower high, as indicated by the recent price action near the 4HR LQZ. Rejection at 4HR LQZ: The price touched the 4HR LQZ and showed signs of rejection, pulling back slightly. Inset Chart: DXY The inset chart displays the DXY (US Dollar Index), which shows a descending pattern, potentially indicating USD weakness. This is relevant because gold often inversely correlates with the USD. Market Sentiment Bullish Signs: The breakout from the descending channel. Formation of the ascending channel with higher highs and higher lows. Bearish Signs: Rejection at the 4HR LQZ. Potential formation of a new lower high, indicating possible weakness or a reversal in the uptrend. Summary The XAUUSD chart shows a recent breakout from a descending channel and the formation of an ascending channel, suggesting a short-term bullish trend. However, the price faced rejection at the 4HR LQZ and is showing signs of forming a potential new lower high, which could indicate a reversal or consolidation phase. Monitoring key levels and market sentiment (especially USD movements) will be crucial for future price action.
OANDA:XAUUSD
by Adlercon333
NZD/JPY Daily setupThe NZD/JPY pair has fallen by 920 pips over the past 15 days. Such a significant and sustained decline is unlikely to continue indefinitely without a corrective pullback. Currently, the price has halted its downward momentum and is beginning to reverse near my key area of interest. Key Confluences: The pair is rebounding off a descending trend line that has been in place since November 2023. It is also bouncing off an ascending trend line that has been in place since August 2023. The price is reacting to the 0.786 Fibonacci retracement level. It is rejecting the significant psychological level of 90.000. Market Structure The JPY basket has reached a resistance level and is starting to decline. These factors suggest a potential reversal or correction in the NZD/JPY pair. NZD/JPY 4hr TF Has currently closed on the 4 hour TF nicely I expect NZD/JPY to start having an healthy pull back. JPY Basket weekly TF Is currently reacting off my area of interest I expect price to start moving lower. JPY Basket Daily TF JPY Basket 4hr TF
Long
by ChartStrategist
2
Gold 4hr setup Gold is presently experiencing a bearish trend, characterized by a pattern of lower highs and lower lows since peaking at 2484.14. I anticipate that gold will encounter resistance at the temporary rejection level before declining further. Subsequently, I expect it to rebound and ascend to my target area, which is approximately between 2400 and 2402.02. Confluences supporting this analysis include: A downward trendline indicating a continuation of the bearish trend. An upward trendline suggesting a potential reversal point. A rejection zone between 2400 and 2402.02, which is a significant area of interest. The round number of 2,400, often a psychological level in trading. The 0.618 Fibonacci retracement level Market structure. Expectations of the US Dollar strengthening. Gold Daily Dollar Index Silver
TVC:GOLDShort
by ChartStrategist
2