MOTHERSON: Trading IdeaMOTHERSON:
1. Stock is Trading above 200 Daily SMA
2. Price is trading in between SELL Side VWAP & BUY side VWAP.
3. Trading in a wedge (It can Break up as well as Break down)
4. Took Support at 0.382 Fibb retracement.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by Me.
Triangle
COTI/USDT READY TO TAKE OFF! ACCUMULATE HERE!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be much appreciated!
COTI/USDT looks good in the daily chart. According to the chart, it is forming a descending triangle and holding the support of a lower trendline. Accumulate it in the green box.
Entry zone:- Buy some at CMP and add more up to $0.082
Targets:- $0.12/$0.146/$0.174/$0.202/$0.238
Invalidation:- Daily close below $0.08
What are your thoughts on COTI's current price action?
Share your analysis and questions in the comments below!
Thanks!
XAUUSD H4: Short positions at high levels.H4: There is a daily K-level pressure trend line above, and it is recommended to place short positions at high levels.
Strategy:
Sell Zone @ 2330 - 2355
SL: 15-25
TP: 40-80
Sell Stop @ 2285 - 2300 (positive)
SL: 10-15 TP: 30-60
Buy Zone @ 2240 - 2265 (negative)
SL: 15-25
TP: 30-60
4K UHD Pic:
GBPUSD Sideways Consolidation and Potential Breakout MovesGBPUSD is currently in a sideways consolidation on the 1-hourly chart, presenting a potential for an expansion move or breakout in the coming week. Should the market break out to the upside, there are two potential shorting opportunities to consider.
Analysis:
- Sideways Consolidation: GBPUSD is in a range-bound phase on the 1-hourly chart.
- Potential Breakout: Watch for an expansion move.
Shorting Opportunities:
Traditional Resistance Level:
- Level: 1.2662
Strategy: Look for Magic Candle Confirmation around this resistance level to enter a short position.
Bearish Gartley Pattern:
- Completion Level: 1.2677
- Strategy: Monitor for the Bearish Gartley pattern completion and confirm with bearish signals to enter a short position.
Strategy:
- Monitor Breakout: Pay close attention to the price action for a breakout, should the market breakout to the upside, there are 2 resistance level you have to take note.
Shorting Levels:
- 1.2662: Traditional resistance level.
- 1.2677: Bearish Gartley pattern completion.
- Confirmation: Ensure to look for confirmation signals (such as bearish candlestick patterns or other technical indicators) before entering a short position.
- Risk Management: Use appropriate stop-loss levels to manage risk, and not risking more than 1% of your equity.
- Stay alert and be ready to act on these potential setups. What’s your take on GBPUSD?
Do you see any other potential setups or insights? Share your thoughts and strategies below!
KAS below channel with C&H pattern + ascending triangleKAS is booming in popularity on Twitter/X.
Proof of work token featuring BlockDAG technology.
BLOCKDAG Feature: multiple transactions are added to blockchain in a web-like formation
vs
BLOCKCHAIN: Single transactions added to the chain in a single line.
Cup and Handle Pattern formed and playing out.
Turned into an Ascending Triangle.
Both of these are large bullish formations.
Future Resistances based on Fibonacci Levels: $0.23, $0.30, $0.38
Triangle Invalidation Level: $0.155
Support Levels: $0.14, $0.13, $0.125
Average Volume increasing from last month.
USDJPY: Bullish Trend Continues 🇺🇸🇯🇵
USDJPY set a new higher high higher close on a daily this week,
violating a significant horizontal resistance based on the year's high.
Now, the broken structure and a rising trend line compose the
contracting demand zone.
I think that the market will go higher and reach 162.0 level soon.
For entries, consider the underlined demand cluster.
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EURUSD → Weak market. The target is 1.06. But, news... FX:EURUSD is forming a consolidation, characteristic of a pre-breakout, against a key support line as the dollar index continues to gain support and hold north.
A strong bearish situation is developing on D1. There is no strong buyer in the market that can turn around a weak market under pressure from strong bears. The market is below the MA200-MA50 daily moving averages and is also forming consolidation relative to the support, which with a high degree of probability speaks about the intentions to go lower.
On H4 the price is in consolidation, above the local maximum is the area of liquidity, as well as resistance, which can test the market before the subsequent decline.
BUT! Today's news. Traders are waiting for PCE inflation data....
Resistance levels: 1.07238, 1.07816
Support levels: 1.0664, 1.0606
Technically and fundamentally, the currency pair is in a neutral-negative outlook. If the fundamental background does not change today, I will still stick to the downward movement to 1.06- 1.055.
Regards R. Linda!
22X -- SC coin back up to ATH break out of triangleBullish case, 22 x from about 0.0005 to 0.11 so say 20x
break out and hold from triangle
Crypto Sia coin
few years time wish I had bought more - note to future self ;-)))
Why not - just do it !
buy and forget if you are bullish and see you in end of 2025!
Multi year crypto triangle
I bet it over performs the conservative targets if we get an ALT bull market
Generally triangles will exceed their tops of the triangle pattern if so then this is a really big opportunity for all who take it. You could use the money to buy new house, holidays, new car, just stay in the trade, take 80% at target and let the rest run. Or reassess nearer the time dependant on how it travels to target, straight up breakout leave it on and wait for consolidation, or pivot into new trade ?
GLM - 2.5x from here by end of yr at bottom of TriangleGLM - bottomed and forming Triangle ?
If you are bullish could be a nice entry place with limited downside risk so long as BTC moves back up off its 200 EMA shortly
Is this leading the pack of cryptos up?
GLM has history of exploding out of triangle consolidation and history rhymes
EURO - Price can bounce up of support area and exit of triangleHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some days ago price entered to rising channel, where it at once fell to support line, breaking $1.0675 level.
After this, price in a short time rose higher $1.0675 level, breaking it again, and continued to grow in channel.
Later EUR reached $1.0865 level, which coincided with resistance area, and some time traded between this level.
Then price made fake breakout of $1.0865 level and made downward impulse to $1.0675 level, exiting from channel.
Also then, price started to trades inside triangle, where it continues to trades near support level now.
So, I think that Euro can fall to support area and then bounce up to $1.0800, exiting from triangle
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CRV analysis: Looks bullish for mid-termLSE:CRV has been consolidating within a triangle pattern for almost four years, and it is now on the verge of breaking out either above or below this pattern. It is most likely to be a bullish breakout, potentially moving upward toward three main targets specified on the chart: $0.90, $1.65, and $4.48 over the next few months.
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
Dollar Index (DXY): Bullish Trend Continues
Dollar Index set a new local higher high higher close
on a daily time frame yesterday, violating a key daily horizontal resistance.
With a high probability, the broken structure and a rising trend line
compose a demand zone now.
The market will most likely keep growing.
Next resistance - 106.3
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XRP: Bullish Setup Emerges - Time to Enter?Hey everyone!
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XRP looks very good in the weekly time frame. As you see in the chart, it is forming a symmetrical triangle-like structure and it is currently trading around the lower trendline of a symmetrical triangle-like structure on the weekly timeframe. This pattern can indicate a potential breakout in either direction, so further confirmation is needed.
Here's what we're watching:
Breakout confirmation: A clean break and close above the upper trendline of the triangle would be a bullish signal, potentially leading to higher prices.
Support holds: Maintaining the current support level strengthens the case for a potential reversal.
Accumulation Range:- $0.42-$0.47
Short-term Target:- $0.56/$0.68
Mid-term Target:- $2
What are your thoughts on XRP's current price action? Do you see a bullish pattern? Share your analysis in the comments below!