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Uptrendchannel

NASDAQ | Bullish TrendThe NASDAQ is a stock exchange that is home to many technology and growth-oriented companies. When it is said that the NASDAQ is on a "bullish trend" or "uptrend", it means that the overall sentiment in the market is positive, and investors are buying more stocks than they are selling. This can result in a general increase in stock prices. The "DOW theory" is a technical analysis approach that focuses on the behavior of the Dow Jones Industrial Average (DJIA) and its relationship with other market indicators. The idea behind the DOW theory is that if the DJIA is moving in a certain direction, it can be a signal for the overall direction of the market. In this case, it is mentioned that the NASDAQ is playing a DOW theory with "Higher high and higher low, HH, HL". This means that the NASDAQ is making higher highs and higher lows in its price movements, which is a sign of a bullish trend. Higher highs indicate that the price of a stock or market is increasing, while higher lows suggest that the market is experiencing pullbacks but still maintaining an overall positive trend. Finally, it is mentioned that the NASDAQ is trying to "print its new higher highs with the positive move." This means that the NASDAQ is attempting to establish new record highs in its price movements and that these new highs are being accompanied by positive movements in the market. Positive moves can refer to factors like increased investor confidence, strong earnings reports from companies listed on the NASDAQ, or positive economic indicators.
ULong
by awaisulabdeen
1
USDJPY I Intraday long from supportWelcome back! Let me know your thoughts in the comments! ** USDJPY 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
12
4200: an important level to pay attention to - wider look at S&PMy main view on S&P500 is that we're in a main bearish trend, that has been fought by the bulls since October, 2022, when prices started going up. However, this insurgency has faced a good deal of resistance, resulting in unstable volume, and back and forth moves. Despite all of that, the secondary trend kept heading north. It can be summarized using technical analysis by drawing an incipient uptrend channel formed by this situation (orange dotted lines). This up move came with some factors that strengthened the movement: the breakout of the main bearish trend line; the breakout of the 200 simple moving average; a pullback to these indicators; and the continuation of the uptrend after the pullback. These are important movements and one cannot simply look the other way and ignore them. Now the prices are very close to approaching a new challenge, that is to overcome the resistance level at 4200. That, besides being a round number, was also the level of many previous bottoms and tops since more than a year ago (specifically since January, 2022). Not only that, but it was also the pivot point breakdown responsible for confirming the beginning of last year's bear market (this is indicated in the chart by the violet arrow path and the explosion emoji). All of this makes 4200 very representative for the current market, but it is also relevant for the current profit situation of many 2021 and 2022 accounts, since above this level such accounts would come back to breakeven, and that has the potential to re-inflate the euphoria between market participants that were waiting for such a moment. I am longing to see what is going to happen here around this resistance level. An up breakout would be the final signal the bulls are waiting for the trend reversion confirmation and a sound continuation of the incipient bull market trend. But this may not happen, and the strong resistance level could work out one more time, especially considering that we’re near the negative "sell in May and go away" seasonality. In that case, we could wait for the continuation of this sleepy congestion that has been happening, or maybe, with some more action involved, we could have the return of a roaring bear market.
SP:SPX
by thessia_
📈 9 Ways To Identify an Uptrend📍 What Is an Uptrend? An uptrend describes the price movement of a financial asset when the overall direction is upward. In an uptrend, each successive peak and trough is higher than the ones found earlier in the trend. The uptrend is therefore composed of higher swing lows and higher swing highs. As long as the price is making these higher swing lows and higher swing highs, the uptrend is considered intact. Some market participants only choose to trade during uptrends. These "long" trend traders utilize various strategies to take advantage of the tendency for the price to make higher highs and higher lows. 💥Important thinks to note 🔹Uptrends are characterized by higher peaks and troughs over time and imply bullish sentiment among investors. 🔹A change in trend is fueled by a change in the supply of stocks investors want to buy compared with the supply of available shares in the market. 🔹Uptrends are often coincidental with positive changes in the factors that surround the security, whether macroeconomic or specifically associated with a company's business model. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
2
BNB/USDT 4HInterval Resistance and SupportHello everyone, welcome to a review of the BNB chart on a four-hour time frame. With the blue lines we will mark the uptrend channel in which the price is moving. Let's start by marking the support places for the price and we see that we first have support at $337.3, but if the price goes lower, we have another support at $333.8, then at $323.5, then we can see strong drop to around $307.2 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 has failed to break through the strong resistance zone from $ 345 to $350 at the moment. Next is resistance at $354.4, third resistance at $358.5, and then fourth resistance at $364. The CHOP index indicates that the energy is slowly regaining strength, the MACD indicates a transition to a local downtrend, while the RSI indicates a rebound, but in this situation we are still in the upper part of the range.
by cryptodailyuk
DOT/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the DOT chart on the four-hour interval. As we can see, the price is moving in the uptrend channel. Let's start by marking the support spots for the price and we see that we first have a support zone from $6.46 to $6.21, however if the price goes lower we have a second support zone from $6.01 to $5.80. 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 is currently fighting a strong resistance at $6.85 equal to 0.618 Fib. We continue to have a strong resistance at $7.31, once the price breaks it, it will move towards the resistance at $7.90. The CHOP index indicates that the energy has been used up, the MACD indicates that the uptrend is maintained, while the RSI has crossed the upper limit of the range, which, according to our rule, often ends with a price rebound and so we see a small correction.
by cryptodailyuk
LTC/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the chart of LTC in pair to USDT, also on a four-hour interval. First of all, we will use the blue lines to mark the uptrend channel in which the price is moving in the lower border. Moving on, we can move on to marking support areas when the correction begins to deepen. And here, the first support is at $89.60, the second support is at $84.76, the third support is at $81.05, and then the fourth support is at $77.20. Looking the other way, we see that the price has hit an important and strong resistance at 0.786FIB at $97.03 from which it rebounded, but when it manages to break it, another strong resistance will appear at $105.85. Please look at the CHOP index, which indicates that the energy is gathering strength, the MACD indicates a local downtrend, while the RSI has a strong rebound, which may positively affect creating room for new growth.
by cryptodailyuk
MKR/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the chart of MKR in pair to USDT, on a four-hour time frame. First, we will use the blue lines to mark the uptrend channel in which we are currently moving. Going further, we can move on to marking the places of support when we start the correction. And here, the first support is at FWB:706 , the second support is at FWB:698 , the third support is at $692, and then the fourth support is at $686. Looking the other way, we see that the price has approached a strong resistance at HKEX:721 , when it manages to break it, the second resistance is at HKEX:731 , then the third resistance is at $744 It is worth paying attention to the EMA Cross 10 and 30, which indicate the place of return to the uptrend. Please take a look at the CHOP index, which indicates that there is still plenty of energy for the next move, the MACD confirms the current uptrend, while the RSI is moving in the upper part of the range and approaching its upper limit, which may affect price stagnation or an upcoming rebound.
by cryptodailyuk
1
Daily ETH 1DChart - resistance and supportHello everyone, I invite you to review the chart of ETH in pair to USDT, on a one-day timeframe. We will start by marking with the yellow lines the uptrend channel in which the price is currently moving, at its upper border.. Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the supports, and as you can see, we have the first support at $1662, the second support at $1547, the third support at $11456, and then we have support at $1365. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we have the first very strong resistance at the price of $ 1827, from which the price is currently rebounding, but when we manage to overcome it and positively test it, we can see an attack on the resistance at the price of $ 2029. At this point, it is worth looking at the EMA Cross 50 and 200, which indicate that after a very long downtrend, it turned into an uptrend. The CHOP index indicates that the energy has been used. The MACD indicator indicates an uptrend. On the other hand, the RSI is moving around the upper limit. There is some room for growth, but it is worth bearing in mind the upcoming price recovery.
by cryptodailyuk
EURUSD LONG DaytradeOn the 15 minute chart with trendlines drawn, a bullish megaphone pattern is seen. This is a suitable basis to take a long trade with price is near to the ascending support trendline with a stop loss just outside ( below) that line The trade is supported by the current downtrend of the USD (^DXY) as seen in the link below. The megaphone is demostrative of increasing volatility which the experience trader can turn into profits. As this is on a 15-minute time frame this entry is only suitable to a daytrader who is scalping or at least closing the trade within the same session.
Long
by AwesomeAvani
LTCUSDT 1D Interval - Resistance and SupportHello everyone, I invite you to review the chart of LTC in pair USDT, taking into account the one-day interval. As you can see, the price has been moving in the uptrend channel for a long time, but currently we can see that we are on the verge of exiting the downtrend channel. In such a situation, it is worth marking the places of support for the price, and here we see that the first support has been broken, the second is at $80, the third is at $76, and the fourth is at $72.50. Looking the other way, we see that the first resistance is again at $85, while once the price breaks it, the next significant resistance is at $100. Please also look at the CHOP index, which indicates that the energy is slowly starting to grow, the MACD is close to indicating a downward trend, and the RSI has a rebound after almost a month's increase.
by cryptodailyuk
PSNY: MACRO ANALYSIS / INTERSECTING CHANNELS / SQUEEZE? (UPDATE)DESCRIPTION: In the chart above I have included an in depth MACRO ANALYSIS of PSNY. IMPORTANT: - With late Novembers PRICE ACTION rejection at around 8 POINTS this led me to consider that despite our current uptrend the CEILING of the PREVIOUS DOWNTREND CHANNEL IS STILL VERY MUCH IN PLAY. - RESISTANCE THAT WAS SEEN AT 8 POINTS WAS EXACTLY WHERE THE INTERSECTION LIES FOR BOTH THE CEILING OF PREVIOUS DOWNTREND CHANNEL AND CURRENT UPTREND CHANNEL. POINTS: 1. DEVIATION OF 1 POINT PER SUPPLY & DEMAND POCKET. (Gaps between Supply & Demand Pockets is due to lack of STABLE CONSOLIDATION) 2. FUTURE POINTS OF CONTACT were estimated by taking MEAN AVERAGES from PREVIOUS POINTS OF CONTACT. 3. PREDICTED 10 DOLLAR price target by FEBRUARY 14TH was estimated by taking into consideration how much previous rally made price action increase after serious consolidation. 4. IT IS CRUCIAL MACD BEGINS TO STAY CLOSE TO MEDIAN AS IT CAN BE A GREAT PREDICTOR FOR A POTENTIALLY BIG MOVE. SCENARIO #1: In a bullish scenario price action follows given path or makes more points of contact eventually breaking to the upside from DOWNTREND CHANNEL CEILING. SCENARIO #2: In a bearish scenario it is important price action does not fall below 5 points this would in fact invalidate entire setup. FULL CHART LINK: www.tradingview.com NASDAQ:PSNY NASDAQ:PSNYW
NASDAQ:PSNYLong
by DGSTBROKERACC
CADCHF Is ready for to BUY Welcome back! Let me know your thoughts in the comments! **CADCHF - 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! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
4
Bitcoin should hold this support zone!Hi guys, As always I'm publishing a new analysis on the BTC chart because of its important and critical situation at the moment. As you can see Bitcoin is at the bottom of this important uptrend channel and therefore I expect to see a bounce from this area. We had seen a little support in last day's candle which was not powerful. At this moment I'm waiting to see today's candle to forecast more accurate On a larger view, We had a breakout of the downtrend channel on 4th February and we saw a perfect retest from 21st to 24th February. This is why we went up a little during the March and after the previous strong downtrend. Now, I'm not looking at the bottom of the channel to be saved. I'm looking at the $37,000 strong support. If this support can be held by bulls, It's possible to see another uptrend up to new local ATH(Above $48,000). Also, keep in mind a clear breakout of the $37,000 support zone will cause a drop up to $33,000 as a major support zone. In short, Don't decide emotionally and wait to see what will happen for this current static support, Bitcoin can go upper in my idea if This support zone can be held by bulls.
by TahaZargar