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Arlo Macro Bullish Case + Ascending Channel trade setupHi Guys. As always im on the look out for Macro opportunities in assets with market structure or patterns that scream "Pay Attention to me". One that stood out to me was ARLO. This analysis is on the 1 week timeframe. Notice the Orange rectangle. This zone is a MAJOR Support/ Resistance zone. When Arlo went Public, we started ABOVE this zone. Then made our way to the zone, attempted to maintain SUPPORT but eventually fell through and most of price action stayed Below the Zone since 2019. We had many attempted to test the Zone and try to breakout with little to no luck in: 1. Feb 2021 2. Dec 2021 3. Feb 2022 4. July 2023 5. Sept 2023 UNTIL RECENTLY in March we made our way ABove this zone We then came down to the bottom fo the zone and confirmed Support. With our current weeks candle up 11% indicating a BUllish Engulfing candle and MAJOR DEMAND. I believe we are now on our way to test the Upper resistance limit of the Blue Ascending Channel that Arlo seems to be in. After which we will attempt a Major Support test of the Zone. Its also IMPORTANT to note, Above the zone, very little data exists. Meaning that theres very little resistance Above. This could fuel an extended Bull run for ARLO to New Highs. But keep in mind specific signals or signs are needed. Keep an eye for updates on further signs/ clues to take into consideration to help us make informed decisions! __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on ARLO in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NYSE:ARLOLong
by SafofAllTrades
BITCOIN TO 100K SOON ✨Bitcoin has been moving in an uptrend since the beginning of 2023. By looking at the current price action and using the impulse-correction-impulse concept, we can see that Bitcoin is preparing for another upside move toward 100k. Using Elliot Wave theory, we are now in wave 4 ( Correction ), and what we are expecting is wave 5 ( Impulse ). LONG Entry: - Look for the rejection of channel support and 0.382 Fibonacci level - Wait for the first bullish candle to be printed - Stoploss: below the bullish candle after entry - Target: 73k, 83k, 96k, and 109k Good Luck and as always trade safe!
BITSTAMP:BTCUSD
by Tradenessfx
1
How to Find a High Probability Trade in an Uptrend Hey Traders, We'll show you how you can find an easy trade with a high risk-to-reward ratio using some basic concepts. - Step One: Spot an uptrend where you have higher highs and higher lows. - Step two: Spot the last break of structure. - Step three: Use the Fibonacci tool and connect it from the recent lows to the recent highs. - Step Four: Watch prices coming back to the broken structure that lines up with any Fibonacci level. ( Focus on the 50% - 61.8% - 78.6% Levels ) - Step Five: Wait for a clear bullish candle and then enter with stoploss structure - Step Six: Take partial profits at the recent highs and the Fibonacci extensions ( - 0.27 & -0.618 )
Education
by Tradenessfx
3
ETH/USDT 4H ChartI invite you to review the chart of ETH in pair with USDT, also on a four-hour time frame. You can see here a similar movement behavior as in the BTC chart, it can also be defined with blue lines, a local channel of an upward trend, in which the price remains for now. Going further, it is worth spreading the fib retracement grid to determine price supports. And as you can see, the first support at $2,472 maintains the current declines, we will further define the support zone from $2,319 to $2,209, and when the price breaks out of this zone it may go down to $2,071 Looking the other way, you can see that the resistance level at $2,553 stops the price from making larger moves, but if we come out on top, it is still worth marking the resistance zone from $2,664 to $2,720, which stops the price from moving towards $2,900. In this situation, it is worth looking at the EMA Cross 10 and 30 indicator, because you can see how the red EMA Cross 10 line is approaching the intersection of the green EMA Cross 30 from above, which could give a local downward impulse. On the RSI indicator, we reached the middle of the range, with room for further movements, while the STOCH indicator rebounded dynamically, but this may indicate a temporary local movement of the side trend.
by cryptodailyuk
1
ETH/USDT 4HInterval ChartI invite you to review the ETH pair to USDT chart by looking at the analysis performed in the last video. And here we can see that the price has broken through the designated resistances, and is currently struggling to stay above the resistance zone from $2,353 to $2,430, only when it positively tests it will it be able to make another upward move. Now we will move on to unfolding the Fib Retracement grid, thanks to which we will move the previously determined support areas, and here we can see a clear support at the level of $2,278, and then a support zone from $2,228 to $2,166. However, if the price maintains the previous resistance zone, we will be able to see an attempt to increase towards the next very strong resistance level at $2,541. Moreover, in the current movement we can see how a local upward trend channel is forming, which we can define with the help of blue lines. Now we will again pay attention to the RSI indicator, which shows a visible recovery, but there is still room to the upper limit, which may result in an increase in price, in this case, however, the STOCH indicator shows a movement above the upper limit, which could affect the current recovery, but it is clear that there is a lot room for further recovery of the indicator.
by cryptodailyuk
1
BTC/USDT 1DInterval ChartHello everyone, I invite you to review the current situation on BTC in the USDT pair, taking into account the one-day time frame. First, we will use blue lines to mark the local upward trend channel in which the BTC price is moving at the upper limit. To check where we are, we will use the Fib Retracement tool. And here a strong resistance zone should be marked, which in the long term blocks the price from $35,677 to $41,195, what's more, it is also the upper limit of the currently marked channel, only after we exit this zone upwards, we should see it tested and then a possible upward movement towards resistance at $48,107. However, when this zone rejects the price and a larger correction begins, we may see the price return to the strong support zone from $32,715 to $29,404. only when the price breaks through the bottom, we still have the second zone from $24,119 to $20,285. After turning on the EMA Cross 50 and 200 indicator, it is clearly visible that the price remains in a very strong upward trend, although we may see a correction in the coming days. Please pay attention to the CHOP index, which indicates that energy is being collected again, on the RSI indicator we are moving at the upper limit, similarly to the STOCH indicator, which may also affect the price recovery after the recent increases.
by cryptodailyuk
BTC Chart Review 1DIntervalHello everyone, I invite you to review the situation of BTC in pair with USDT, taking into account the one-day time frame. First, we will use the yellow line to mark the downward trend lines from which the price has gone up, while locally using the blue lines we can determine the upward trend channel in which the BTC price is currently located. Moreover, it is worth mentioning that the price has recently moved above the moving average of 200, returning to the strong upward trend, and it is important that it maintains this trend now. Now we can move on to marking support areas in the event of a correction. And here, first of all, it is worth marking the support zone from $28,072 to $27,460, but when we fall below this zone, we may see a drop to the area of the second zone from $26,849 to $25,987, and then we have strong support at $24,861. Looking the other way, we can determine resistance locations in a similar way using the Fib Retracement tool. And as we can see, the price is struggling to stay at the resistance level of $28,377, we still have a strong resistance zone from $29,211 to $30,365, which rejected a strong upward movement, only when we get out of this zone and it is positively tested will the path towards a strong resistance at $31,866. Please pay attention to the CHOP index, which indicates that most of the energy has been used, on the RSI indicator we are moving in the upper part of the range, but there is room for the price to go slightly higher after this recovery, also the STOCH indicator shows that there is still some room left for the continuation of the movement.
COINBASE:BTCUSD
by cryptodailyuk
2
SOL BULLISH TREND🌸#SOL Analysis : Bullish Trend 🚀🚀 🚀As we can see that #SOL was making higher highs and higher lows. But finally we can see a breakout of flag and pole pattern. It indicates a bullish trend after it retest the inclining trendline. 💲💲 🔖 Current Price: $23.60 ⏳️ Target Price:   $25.00 ⁉️ What to do? - We can trade according to the #SOL chart and make some profits. Keep your eyes on chart price action, observe trading volume. Always observe market sentiments and update yourself everyday.🔰🔰 🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments. #SOLAnalysis #Cryptocurrency #Breakout #TechnicalAnalysis #DYOR
Long
by ZEUS_Market_Alerts
📈 Litecoin's Ascending Channel: A Sign of Strength 📈Litecoin, often referred to as "digital silver," has been quietly making waves in the cryptocurrency market. A compelling technical pattern has emerged, signaling the coin's strength and potential for a sustained bullish trend. Let's explore the concept of an ascending channel and what it suggests for Litecoin. The Ascending Channel: A Bullish Structure An ascending channel is a technical pattern characterized by a series of higher highs and higher lows. It represents an upward trending channel where buyers consistently enter at higher price levels. Litecoin's Strong Position: Riding the Channel Litecoin's price action has been remarkably consistent within this ascending channel. The channel's boundaries serve as support and resistance levels, providing clear trading signals. The Significance: Strength and Potential The presence of an ascending channel is often seen as a sign of strength. It reflects a consistent balance between buyers and sellers favoring upward momentum. Trading Strategy: Navigating Litecoin's Channel For traders, an ascending channel provides valuable reference points. Consider long positions near the channel's lower boundary and take profits as the price approaches the upper boundary. Conclusion: Litecoin's Ascending Channel Litecoin's ability to maintain this ascending channel is a promising sign for its future performance. However, always remember that the cryptocurrency market can be volatile. Stay informed, adapt your strategy, and manage risk wisely. As Litecoin continues to ride this bullish structure, it demonstrates the resilience and potential for growth within the crypto space. 🚀📈🌟 ❗See related ideas below❗ Like, share, and leave your thoughts in the comments! 💚🚀💚
BITFINEX:LTCUSDLong
by Yaroslav_Krasko
Netflix Breaking Major Support Not a Good look Hi guys! This is an Update on Netflix (NFLX) on the 1 day chart. We are currently at risk of a trend change in the makings due to a breakdown of Major Support. This is a zoomed in look on the daily timeframe. But if you look at my previous idea below, notice the Uptrend Channel that Netflix has been following since June 2022. Todays candle is currently BELOW this Support trendline of the Channel. Not a good look for Netflix. But brings in opportunity for take a Short, once confirmation comes in. Notie also that with the print of the Massive BEARISH Engulfing Candle, we are now below the 21 EMA. Note the BEARISH Engulfing Candle indicates extreme selling pressure. It shows that the majority of the previous move up to the resistance was sold off by this 1 candle print. With this daily candle & the engulfing candle it equates to the entirety of that move. Being BELOW the 21 EMA, tells us declines are likely ahead of us. ALso if we are where we are with the close of our current daily candle, we will confirm BELOW 21 EMA. Thus supporting probability of further declines. Look to the Black Horizontal Line below us for our current target for this price decline. BUT if we can somehow move back ABOVE the channel, by the end of the week before CONFIRMATION. This could support the probability of us resuming our Uptrend. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on NFLX in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:NFLX
by SafofAllTrades
Dow Jones (DJI) -> Back To The TrendlineMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Dow Jones. At the moment the Dow Jones is retesting its previous all time high which is roughly at the $35.500 level and the index is already starting another bearish rejection. If we see a retracement back to the lower bullish trendline of the rising channel which is sitting at the $30.000 level, this will be a textbook bullish continuation setup on the Dow Jones. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
TVC:DJIShort
by basictradingtv
21
LTC 4H Review Hello everyone, I invite you to review the LTC chart on the four-hour interval. As we can denote with the blue lines, the price is moving in the uptrend channel where we are moving towards the lower border. Let's start by marking the support places for the price and for this we will use the trend based fib extension tool, you can immediately see that the price is staying in a very strong support zone from $88 to $81. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price bounces off the $95.94 resistance, then we have a second resistance at $102.22, then a third resistance at $107.64, and then price needs to break the strong resistance zone from $113 to $120. The CHOP index indicates that there is still energy to make a move, the RSI is in a strong rebound but there is still room for the price to go lower, while the STOCH indicator is approaching the lower limit and there is some energy left to complete the move.
by cryptodailyuk
GBPAUD I It will keep growingWelcome back! Let me know your thoughts in the comments! ** GBPAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
11