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Upwardtrend

Anticipating Short-Term Prospects: What's on the Horizon?Kaspa indicates a bearish bias, particularly with the potential for further downside if the reverse cup and handle formation plays out. However, there is a possible bounce scenario near the key support around $0.125, which aligns with a long-term ascending trend line. If buying pressure increases, the price could see a bounce from this area, potentially targeting the $0.146 to $0.160 resistance levels. The 20 EMA (red) is currently below the 200 moving average (purple), indicating continued bearish momentum. The price has recently rejected the 200MA, suggesting that this moving average will be a key resistance level on any bounce. Breaking above the 200MA at $0.146 would be critical for signaling a potential shift in momentum to the upside. The BB Power indicator shows stronger selling pressure than buying pressure, reflecting ongoing bearish sentiment. This adds weight to the downside risk, though a bounce remains possible if the price holds support at $0.125 and selling pressure weakens. Additionally, it’s important to keep a close watch on Kaspa since it seems volatile at the moment. Don't doubt the signs but hope for the best for a continuation in the upward trend. Support - $0.125 Resistance - $0.180 Fear and Greed Index (Binance) - 72 Greed
by LOWCO_487
BTC at crucial support - will uptrend continue ? BTC has always dictated how the market as a whole in the crypto space behaves and there is fear and indecision regarding the price of BTC, We can see that price has fallen to a crucial support level and despite being healthy movement we need to maintain the 64 K level to continue the Higher Lows and Higher Highs that upward market momentum requires. I will be looking at this area for the day and trying to decide if and where to enter the market, This may be the spot to go long and aim high, which is secretly my bias, I do enjoy a higher high and a higher low. I will be trying to gain some confirmation on taking up a position at this level and will be adding to this idea as the day(s) go by and there is relevant info to catalog
CRYPTO:BTCUSDLong
by dasBoot
Gold can leave triangle and continue to move up to 2430 pointsHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price started to rise in the upward channel and soon reached the buyer zone, but then it rebounded and little declined. After this movement, the price continued to move up and soon broke the 2265 support level, which is located in the buyer area. Next, XAU rose a little more and then corrected this zone, after which XAU in a short time rose to the resistance line of the channel and continued to grow near this line to the current 2365 support level, which coincided with the support area. When Gold reached this level, it at once rebounded and fell to the support line of the upward channel, after which the price made an upward impulse to the resistance line, thereby breaking the 2365 support level. Then Gold exited from the channel and entered to triangle, where the price at once turned around and in a short time declined to support line of this pattern. But later XAU started to grow and rose to the resistance line and recently it rolled down from this line. At the moment, Gold continues to trades near this line, and in my opinion, XAU can decline to support line and then rebound up, exiting from the triangle pattern, and continue to move up. So, for this case, I set my target at the 2430 level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
1
📈 Vedanta Ltd: Riding the Upward Trend! 🚀Traders, let's focus on Vedanta Ltd today! 🌟 It's cruising within an upward parallel channel , consistently bouncing off support and surging higher. 🔄 Despite today's market turmoil, consider entering cautiously with trendline support. 📉 Options buyers can explore 250 to 270 CE for liquidity. Let's navigate these waters together! 💼📊 Remember, my analysis is a guide. Always conduct thorough research before taking the plunge. Until our next rendezvous, may the markets be ever in your favor! 🚀📊 See you in the next post!
NSE:VEDLLong
by AlphaTradingStation
AVAX Continued its Upward TrajectoryAvalanche (AVAX) Despite Bitcoin's recent decline to the $40,000 mark, AVAX has continued its upward trajectory this December. In the last fortnight, the asset has surged by 66%, hitting a new annual high at $42.96. Currently, AVAX is undergoing a correction, with its price hovering around the support zone of $32.7-$34.7. The key resistance level to watch is $38.4. If breached, the coin might retest the higher resistance zone of $40.7-$43.0. The future course of AVAX will heavily depend on Bitcoin's trend. A continued downtrend in BTC could potentially drag AVAX down to new lows, possibly to $30.5 or the $26.2-$28.4 level.
Long
by DEXWireNews
Bitcoin's (BTC) Continuous Bullish Trend Bitcoin (BTC) Currently, Bitcoin's upward trend is still in play, but there's a noticeable weakening in buying strength. The asset is trading within a local sideways channel, bounded by the support level at $35,500 and resistance at $36,900. It is expected that Bitcoin will continue to fluctuate within this range over the weekend. Above this current resistance level, there is a sellers' zone between $37,500 and $38,000. This range is potentially critical for the continuation of the upward trend and achieving new annual highs. Therefore, the next targets for buyers would be the $39,000 and $40,000 marks. Hence, Bitcoin continued its upward trajectory marking a 14 days Bullish Trend ever since it crosses the $30,000 Threshold. If a deeper correction occurs, Bitcoin might decline to the $34,800 level. Below this, the range of $33,400-$34,100 holds a significant number of buyer orders and could potentially act as a local bottom.
BINANCE:BTCUSDLong
by DEXWireNews
SBILIFE: A Promising Short-Term Trading OpportunityHello traders, Today, let's set our sights on SBILIFE , a stock that's been on a consistent upward journey. Here's what you need to know: Rising Trend: SBILIFE has been steadily moving in an upward direction, making it a compelling pick for traders. Growth Potential: There's room for this stock to surge further, especially if it approaches near 1320 level. Option Strategies: If you're an option buyer, consider 1350 or 1300 CE options. These could be strategic choices to explore. Key Takeaway: It's important to note that this isn't an investment opportunity, but rather a trading prospect. If short-term moves align with your strategy, SBILIFE could be worth a closer look. Your Strategy: Are you considering SBILIFE for your trading portfolio? Share your insights and thoughts with us. Stay Updated: Keep following for more trading insights and opportunities. Best regards, Alpha Trading Station
NSE:SBILIFELong
by AlphaTradingStation
8
Coinbase (COIN) on Upward Trend and Heading to 2023 ATH (Long) Recent ETF filings have placed Coinbase alongside serious financial players such as Blackrock. BlackRock has announced its plans to conclude a monitoring agreement with Coinbase , thereby addressing a key concern previously voiced by the SEC in its rejection of Bitcoin spot ETF applications. The fact that the SEC action is not scaring investors away, is a bullish sign in itself. However, as more and more traditional financial institutions name Coinbase as Surveillance Partner in Bitcoin ETF filings, the more the price of NASDAQ:COIN will keep rising. In addition to the above, any upward movement of Bitcoin and crypto, in general, is set to benefit Coinbase with additional revenue, partnerships and extra value created for customers and investors. NASDAQ:COIN is up 11% today, 25% this week and 119% up year to date, despite the SEC issues and the crypto downturn. Many things are pointing towards the direction that Coinbase is here to stay, that it will survive the regulatory onslaught and will come out even stronger. A long here is a safe bet imo.
NASDAQ:COINLong
by WTheFinance
RNDR price action analysis. Me again with another setup of RNDR/USDT. I have mentioned my analysis by showing that RNDR is slowing making an upward trend channel. I have used 12HTF and mentioned my bullish and bearish points in it. As the market is right now going down, some of the alts are performing in the upper direction, and RNDR is one of them because, from this new year on, RNDR is performing very well and has also touched ATH. Despite dropping on May 8, we can see the upward trend is still on the move. Let's see what happens in the upcoming market. Monday's opening is very important. RNDR is following bitcoin price movements and consolidating on others. Things can get choppy too. be careful! No matter where the market goes, I have mentioned my quick scalping idea for both bullish and bearish scenarios. Please respond with your constructive criticism. #PEACE #DYOR #Market #Neutralview #RNDR #CRYPTO
R
by syedkhubaibhikmat94
MPC - Still a long way to go to find harmony and balanceMPC (along with all refiners) appear considerably cheap to replacement value. MPC's chart pattern indicates it has placed in an upward sloping wedge formation. PetroChina building refining capacity to the tune of $70,740 per refined barrel. This is above the industry average of $32,800. With these new figures in place, industry replacement value offers a substantial upside. Cash Flow, Share Buy-Backs, Cash Levels are all strong!
NYSE:MPCLong
by The-Trend-is-the-Friend
REEF/USDT Update: Moving within rising channelIntro: - Reef Finance tries to become one of the most used blockchains for DeFi. It's fast, scalable and has a low transaction costs. Reef Finance is build with Polkadot Substrate and comes with on-chain governance. - It takes some time to create such ideas and drawings. You are welcome to pay me back with a comment that states you opinion and maybe leads to further improvements considering my charts and explanations. Daily chart: - REEF continuous its recovery and trades within a rising wedge drawn using purple lines. - The overall volume stays increased and it is likely to see more upwards movement here once we go for higher price targets. - On the RSI side we got a rejection from the 80 line and are within a very shortterm downtrend most likely towards the 50 line where we expect support. - We see a golden cross indicated by the yellow camera and a deathcross indicated by the cyan camera. - The golden cross between the 20 and 50 MA can be seen as sign for a trend reversal while also most other signals tell us the same like price and volume. - Currently we sit above the new support around 0.22 Expectations: - Assuming the trend reversal keeps in play and we get some kind of mirror image we expect REEF to touch 0.5 again before the end of 2021. - Often times price consolidates above a support line which has been passed shortly before we see a bigger pump as separation from the support line. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone . Check the description.
RLong
by tumbler55
2