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Trendlineanalysis

June seasonality pivot approachingOne of my big technical analysis passions is time analysis and time cycles, and I tend to follow them closely. Some of these are very helpful when in combination with other TA, to find reversal points at any given time frame, even though I don't do intraday trading, so I focus on big swings, though bigger time frames. Bitcoin's periodicity is remarkable, and we can generally find important pivots points during seasonality shifts. One of these season shifts occur in June and has been occurring for the last few years, marking the start of important swings. This seasonality shift is generally very powerful and has the power to mess with some other lower time frame cycles, such as the 60 day cycle, so at this specific time of the year we should expect some LTF cycle non-sense. This seasonality pivot is expected around mid June, so a lower low is expected around that time. Around the seasonality pivot we can look for price targets with other techniques. Past 45º trendlines, and Elliot wave theory targets are some of my favourite ways to find support levels. As of now, my pivot projection lies at mid June within the 50-55k range. More accurate EW targets can be determined once the current high is confirmed.
INDEX:BTCUSD
by LittlePhi
1
IFCI Giving a Strong BreakOutIFCI Ltd. operates as a non-banking finance company, which engages financing activities that cover various projects. It supports projects such as airports, roads, telecom, power, real estate, manufacturing, services sector and such other allied industries.The company was founded on July 1, 1948 and is headquartered in New Delhi, India. Stop-Loss: 65 Target: 85 Consider exiting half your position after a 10-12% gain and hold the rest to capture the trend. Disclaimer: This information is for educational purposes only and should not be construed as financial advice. Always conduct your own research or consult with a professional advisor before making any investment decisions.
NSE:IFCILong
by Akshaytrader007
BOIL in strong downtrendBOIL is in a strong downtrend. The daily chart has hit a new low But the 1-hour chart has now become "extended" Remember there are 5 waves in an average trend. Once the trend becomes extended, the price likes to break above the 50 SMA to "recalculate" and continue or "recalculate" and reverse. We love both right? The question becomes, which direction will the market choose? No one knows. So all you can do is trade your strategy off of the current patterns and information that you see. That's why 'risk management" is so important. Use 1% of your current total account value on each trade. That's formula I use in my trade plan and it has served me well. Link in profile :) That's all you can do.
AMEX:BOIL
by thechrisjuliano
Is the Dollar (DXY) About to Shock the Markets? Take a look NOW!DXY Analysis: Potential Bullish and Bearish Scenarios Overview: This analysis of the U.S. Dollar Index (DXY) on a 4-hour timeframe outlines potential bullish and bearish scenarios based on price movements and key levels. Bullish Scenario: For a bullish continuation, we need to see: Corrective price movement in the area of the blue box. An impulsive move above the last short-term high, forming a liquidity zone (LQZ) on a lower timeframe, or a bullish pattern such as a bull flag on the 1-hour or 15-minute chart. Bearish Scenario: For a bearish continuation, the following conditions should be met: A clear impulsive move underneath the blue transparent box structure. Confirmation of the break below, either through the formation of a LQZ or a bearish pattern, indicating a continued push lower. Possible False Breakout: There is also the possibility of a false breakout, where the price briefly breaks a level but fails to sustain the movement, reversing direction instead. Mindset Lesson: Handling Uncertainty and False Breakouts: Stay disciplined and stick to your trading plan. Embrace flexibility and be ready to adjust your approach. Manage risk effectively. Be patient and wait for the right setups. Learn from each trade to continuously improve.
TVC:DXY
by Adlercon333
Gold Price Analysis: A Closer Look at Key Levels & Future Moves!Trading Idea Breakdown for XAUUSD Chart Overview: Time Frame: 4-hour chart Instrument: Gold Spot (XAUUSD) Key Levels and Zones: Daily LQZ (Liquidity Zone): Level: 2450.370 Significance: Major liquidity area where price is likely to experience significant reactions. 4-hour / LQZ: Level: 2437.909 Significance: Intermediate liquidity zone crucial for intraday trading decisions. 1-hour TP (Take Profit) Zone: Level: 2419.054 Significance: Shorter-term take profit area, potentially indicating minor resistance. Support and Resistance: Key Support Level: Around 2410.920 Previous Top of Flag: Highlighted zone where price action showed previous resistance before breaking out. Technical Patterns: Flag Pattern: The chart showcases a flag pattern where the price initially showed strong upward momentum (flagpole) followed by a consolidation phase within parallel lines (flag). The breakout from this flag pattern indicates a continuation of the bullish trend. Upward Channel: The price is currently moving within an upward channel, suggesting a controlled and steady rise in the price of gold. Current Price Action: Price: 2410.920 (at the time of the screenshot) The price has broken out of the flag pattern and is currently trading near the 4-hour LQZ level. There's an observed strong bullish momentum as the price approaches the daily LQZ. Trading Plan: Bullish Bias: Given the breakout from the flag pattern and the upward channel, the bias remains bullish. The price targeting the daily LQZ indicates further potential upside.
OANDA:XAUUSD
by Adlercon333
Amazon - Why is there no resistance?NASDAQ:AMZN broke out of a long term consolidation phase and is starting a massive rally. Every major consolidation is followed by a major breakout. And if the overall trend is bullish, a bullish breakout is more likely to happen. Last month Amazon finally broke above a multi year resistance level and is now heading back to the top of the rising channel formation. If we actually get a retest of the breakout level, you can then simply enter a long position. Levels to watch: $180, $380 Keep your long term vision, Philip - BasicTrading
NASDAQ:AMZNLong
by basictradingtv
6
7/10 To Soar or Not to Soar Is the Question .GREATTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT MORNING YALLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL!!!!! 😏 😏 😏 07/10/2024 **News** ON THE BLOCK TODAY!!!! **~~Wholesale Inventories (Preliminary)~~** 10:00 AM ET ***EIA Petroleum Status Report*** 10:30 AM ET ***Midnight*** **CONSENTRATED CONSOLIDATION ** *#ES 5634.25* *#NQ 20709.50* 💰 **BUYSIDE**💰 ***#ES 5646.5***.--->Above this level we look for --->.... 🟢 5653.25 🟢 5676.85 🟢 5694.75 🟢 5711.25 🟢 5727.50 🟢 5738.25 ***#NQ 20772.00***...---> Above this level we look for--> 🟢 20788.50 🟢 20813.00 🟢 20843.75 🟢 20878.00 🟢 20902.25 🟢 20933.25 💰 **SELLSIDE**💰 ***#ES 5630***--- Below this level and we look for 🔴 5616.75 🔴 5604 🔴 5580 🔴 5564.50 🔴 5550.25 ***#NQ 20696.50***---> Below this level and we look for 🔴 20685 🔴 20656 🔴 20639 🔴 20619 🔴 20594
CME_MINI:NQU2024
by Stockqueenie
Meta Platforms - Flying under the radar...NASDAQ:META just rallied +500% without any correction and might create a top formation soon. Sometimes the trading gods are sending us gifts from heaven. We received such a gift back in 2022 when Meta Platforms - out of nowhere - corrected -70% and perfectly retested the lower support of the reverse triangle formation. After the +500% rally from there, it is quite likely that we will see a short term retracement. But the overall trend is still clearly towards the upside! Levels to watch: $530 Keep your long term vision, Philip - BasicTrading
NASDAQ:METALong
by basictradingtv
4
Tesla - Finally exiting consolidation...NASDAQ:TSLA has been consolidating for four years and is ready for a (bullish) breakout. We have a beautiful repetition of cycles on Tesla: Long term consolidation followed by a qiuck and agressive move higher followed once again by a long term consolidation. Tesla entered such a consolidation about four years ago and is now simply ready for another bullish breakout and an agressive move higher. It is just a matter of time until the triangle pattern breaks... Levels to watch: $120, $220 Keep your long term vision, Philip - BasicTrading
NASDAQ:TSLALong
by basictradingtv
28
NVDA: Critical Inflection Point!The daily chart of NVDA shows a complex technical scenario, highlighted by the presence of a potential Head and Shoulders (H&S) pattern frustration point. The H&S pattern is a bearish reversal pattern, but the price action suggests that it may not have completed, leading to the current consolidation phase. This frustration point is marked by the resistance line at $128.12, which NVDA has struggled to break through consistently. The daily chart also shows a trendline support, which has been respected multiple times, providing a strong upward momentum. The 21-day EMA serves as an additional support level. The recent price action indicates a consolidation phase between $128 resistance and the trendline support, creating a tight trading range. Traders should watch for a breakout to determine the next significant move. On the weekly chart, NVDA has been in a strong uptrend, with the 21-week EMA providing support. The main support level is identified at $118.04, a crucial level that has been tested and held in recent weeks. This level coincides with the neckline of the potential H&S pattern seen on the daily chart, making it a critical support zone. In summary, NVDA is at a critical juncture with consolidation between key levels. Traders should monitor the $128 resistance and the main support levels closely for breakout or breakdown signals to determine the next major move. The overall trend remains bullish, but caution is warranted given the potential bearish H&S pattern and the current consolidation phase. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
Alphabet - It is just a textbook company!NASDAQ:GOOGL has been one of the best performing stocks over the previous decade. The most profitable stocks are the ones which trade under the radar. And Alphabet (Google) is definitely one of these stocks which is simply trending higher, providing textbook trading opportunities and not a "hype" stock. Slow and steady wins the race, but you have to be careful that you don't miss your chances. After a retest of the breakout level, you can enter a long trade. Levels to watch: $150 Keep your long term vision, Philip - BasicTrading
NASDAQ:GOOGLLong
by basictradingtv
Ethereum - Is everything already over?CRYPTO:ETHUSD is struggling to break above the previous all time high and might correct soon. Please don't look at headlines and news regarding cryptocurrencies. Overall these messages are just preventing you from objectively looking at the chart. Ethereum is creating higher highs and higher lows, meaning that Ethereum is trading in an uptrend. Even if Ethereum is not able to break above the previous all time high, market structure still remains decently bullish. Levels to watch: $4.000, $2.200 Keep your long term vision, Philip - BasicTrading
CRYPTO:ETHUSDLong
by basictradingtv
4
Tesla - Breakout leading to four digits!NASDAQ:TSLA is attempting to break out of the long term descending triangle consolidation. If you cannot wait patiently for your textbook setups, there is no chance you will make money trading. For almost four years, Tesla has been consolidating in a huge triangle formation. And it seems like Tesla is finally breaking out towards the upside. This breakout was actually not unexpected at all and provides a very high probability trading opportunity in the near future. Levels to watch: $250 Keep your long term vision, Philip - BasicTrading
NASDAQ:TSLALong
by basictradingtv
3
Trade the TREND with 4 Trend Indicators4 Trend Indicators you can use to identify the current MACRO Trend. It's always important to know where your market is currently trading. Is it bullish, bearish, or range trading? If you have established the trend, you can trade with the trend instead of against it. Trading against the trend ( for example shorting during a bullish cycle ) adds unnecessary risk to an already risky trade (leverage). 1) Bollinger Bands 2) Logarithmic View 3) Super Trend 4) Moving Averages + RSI Let me know how YOU determine the macro trend! _________________________ BINANCE:DOGEUSDT MEXC:ETHUSDT KRAKEN:BTCUSD COINBASE:SOLUSD
Education
by CryptoCheck-
4
Nvidia - Massive rejection soon!NASDAQ:NVDA is clearly overextended after the +1.000% rally and ready for a correction. Trees simply do not grow to the sky. And neither do stocks, especially Nvidia. I know that a lot of people are calling price targets of $250 and beyond, but we still have to respect gravity and the nature of fear and greed. Nvidia is simply overextended a retesting a 6 year resistance trendline. I do expect a correction between -20% and -30%, but also -60% is definitely possible. Levels to watch: $120, $50 Keep your long term vision, Philip - BasicTrading
NASDAQ:NVDAShort
by basictradingtv
50
May JOLTs Moderately Surprise to the UpsideAccording to the Job Openings and Labor Turnover Survey, the May Job openings report surprised to the upside, rising by 8.14 million (4.9%), up from April’s downwardly revised print of 7.92 million (4.8%), a three-year low. As per the Reuters poll, recent data surpassed the market's median estimate of 7.91 million and came within striking distance of the upper estimate range of 8.30 million, sparking a short-term bid in the dollar. Job openings in state and local education increased by +117,000; a sizable jump in job openings in the manufacturing sector was also seen, particularly durable goods, up +97,000, with a fall in job openings in accommodation and food services, down nearly -150,000. Hiring ticked higher in the month of May, up 5.76 million, or 3.6% from April’s reading of 5.62 million, or 3.5%. The quits rate, which assesses US workers who voluntarily left their current employment, remained at 2.2% for a seventh consecutive month, or 3.5 million. A higher quits rate can indicate confidence in the economy, while fewer resignations suggest less confidence in one's ability to seek employment. Regarding layoffs and discharges – involuntarily separated from employment initiated by the employer rather than the employee – job openings remained unchanged at 1.0% for a third consecutive month, or 1.7 million. We have seen a decline in both job openings and quits since peaking at just north of 12 million in early March 2022, emphasising a cooling economic landscape. Today’s release reflects resilience in the labour market, with the increase in job openings indicating demand for workers. Market Reaction The US Dollar Index witnessed a moderate bid in the immediate aftermath of the release, reaching a high of 105.90. US Treasury yields also spiked higher, with spot gold (XAU/USD) taking a hit and dropping to within close proximity of daily lows, and US equities all but overlooked the print. USD/JPY In Sight The US dollar (USD) has been trading at its most substantial level versus the Japanese yen (JPY) since the 1980s, and, interestingly, shows no signs of slowing down. Since early May, the USD/JPY has rallied six weeks out of eight, showcasing its robustness. Year to date, the pairing is up an eye-watering +15%. Demand for the USD can be attributed to a revival in US Treasury yields and major US equity indices circling record highs. Further, the Fed is one of the more hawkish central banks in the G10 pack at the moment, and BoJ officials have yet to intervene in the market. Interestingly, Vanguard recently commented that there is a risk of the USD/JPY rising to ¥170 should the BoJ fail to intervene. Short-term price action on the H1 timeframe is seen treading water just north of trendline support, extended from the low of ¥155.72, which happens to converge with a ‘local’ potential descending support line, taken from the high of ¥161.28, as well as the 50-hour simple moving average, trading at ¥161.26, and a 38.2% Fibonacci retracement ratio from ¥161.17. Chart pattern enthusiasts may also acknowledge the recent double-top pattern (¥161.74) completion, found after the H1 close below the black dashed line, drawn from the low of ¥161.41. Should price go on and hit the double-top pattern’s take-profit target at ¥161.07, this could deliver an additional floor of support. Tomorrow, we will see the latest ADP non-farm employment change report and the weekly jobless claims numbers, followed up with Friday’s government non-farm employment change print.
Long
by FPMarkets
NKE Leap Call / Long Term BuyNike is setting up for a long-term buy / leap call opportunity. The Jeanius Indicator/Screener gave the following reasons why: Price fell through two untested lows, taking out sell-side liquidity. The indicator shows how much volume came from and how far price ran up from these lows. NYSE:NKE is also testing a 3M uptrend line from the low of 2017 through the low of 2020. The brilliant Jeanius Indicator printed "Combo" labels on the chart when this specific combination of multiple confluences has occurred in history!!
NYSE:NKELong
by jeanius_tech
XrpUsd - Rally back to previous resistance (+100%)?BITSTAMP:XRPUSD is one of the most interesting cryptocurrencies for potential setups in the near future. For a couple of years now, XrpUsd has been trading in a symmetrical triangle trading pattern. Always when XrpUsd retested support in the past, we simply saw a very nice rejection away towards the upside. And as we are speaking, XrpUsd is once again retesting such a confluence of support from which we could see a rally towards the upside. Target is the previous resistance of the triangle pattern. Levels to watch: $0.491, $0.911 Keep your long term vision, Philip - BasicTrading
BITSTAMP:XRPUSDLong
by basictradingtv
5
Adobe - Preparing a multi year breakout!NASDAQ:ADBE has been consolidating for some time and is definitely ready for a breakout. Adobe is a stock, which is clearly heading higher on a macro perspective. Just two months ago, Adobe actually retested an important horizontal structure and managed to create bullish confirmation, followed by a reversal towards the upside. Eventually, Adobe will also break out of the ascending triangle formation, which has been forming over the past 5 years. Levels to watch: $650 Keep your long term vision, Philip - BasicTrading
NASDAQ:ADBELong
by basictradingtv
EUR-USD The chart for EUR/USD on a daily timeframe shows a symmetrical triangle pattern, indicating a potential breakout. The price is currently at approximately 1.06865 USD, fluctuating between converging trendlines. The upper trendline acts as resistance, while the lower trendline provides support. The chart suggests a possible bullish breakout, represented by a yellow arrow, projecting an upward movement towards 1.09500 USD. Traders should monitor for a breakout above the upper trendline for confirmation of the bullish scenario, or a breakdown below the lower trendline for a bearish outcome
Long
by Dhareja
1
Solana - TWO Bearish IndicationsSolana has lost a longstanding trendline that acted as support since October 2023. The price has been unable to bounce back, and we're seeing a steep decline as bears are outweighing buyers: A Technical Indicator (which I use mainly to determine trend swings from a macro perspective) has just flashed SELL in the weekly timeframe. Now based on previous instances, this took us MUCH lower. These alerts happen in real time when a certain conglomeration of parameters are met (based on Strength, Trend, Averages, Real Time) and so naturally, the higher the timeframe the better the result: The only way we will be safeguarded against a steep incoming drop, is if the price can reclaim the green trendline in the Weekly Timeframe. From a candlestick analysis perspective, seeing Three White Soldiers in the daily could be a step in the right direction ( which is UP ). ____________________________ COINBASE:SOLUSD
COINBASE:SOLUSDShort
by CryptoCheck-
2