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ETHUSDT. Trading opportunityDaily Timeframe Analysis: The price formed a sideways movement on the daily timeframe starting in February 2024. The buyer's vector 8-9 reached its mandatory target, and now the seller's vector 9-10 is relevant with a potential target of 3301.9 (the upper boundary of the buyer's zone, which was formed at the base of vector 8-9, indicated by the blue rectangle on the chart). The seller initiated their vector and formed a seller's zone at the beginning of the vector (red rectangle on the chart, lower boundary at 3624.28). Sales Strategy: Sales can be considered as an idea of realizing the seller's vector 9-10 from the seller's defense of the level 3659.01, which is a test of the buyer within the formed seller's zone. The potential target is 3301.9. On the hourly timeframe, the level 3659.01 serves as the seller's defense level for the breakout from the sideways movement. So on this timeframe, you can look for signs of the seller defending the level. If the seller does not defend this level, there is a high probability that the buyer will reach 4000. Purchases Strategy: Purchases are advisable to consider after the price interacts with the buyer's zone at the base of vector 8-9 (blue rectangle on the chart, upper boundary at 3301.9).
by AlexeyWolf
ETH. Buying opportunitiesHi traders and investors! The seller's vector 9-10 reached its mandatory target in the sideways range on the daily TF from the previous review. It's time to update the possible scenarios. Daily Timeframe Analysis On the daily timeframe, the price has formed a sideways range that began in February 2024. The seller's vector 9-10 reached its mandatory target with a low of 3240, and now the buyer's vector 10-11 is relevant with a potential target of 3977. The first obstacle for the buyer is the high of the last seller's bar at 3435. The price has not yet interacted with this level. Since the price is at the lower boundary of the sideways range on the daily timeframe, it makes sense to start looking for buying opportunities. Let's look at the lower timeframe. Hourly Timeframe Analysis On the hourly timeframe, the price has formed a sideways range. The seller's vector 4-5 exited the boundary of the range, and then the buyer absorbed the attacking range boundary candle of the seller, forming a buyer's zone at the end of the seller's vector (blue rectangle on the chart). Currently, the buyer's vector 5-6 is relevant with a potential target of 3653. The price is at the lower boundary of the sideways range on the hourly timeframe, so it makes sense to start looking for buying opportunities. Buying opportunities Buying opportunities can be sought from the idea of realizing the buyer's vector 10-11 in the sideways range on the daily timeframe or from the idea of realizing the buyer's vector 5-6 in the sideways range on the hourly timeframe. From the protection by the buyer of the lower boundary of the sideways range at 3362 on the hourly timeframe. From the protection by the buyer of the level 3345, which is the test of the seller of the formed buyer's zone at the end of the seller's vector 4-5 on the hourly timeframe. From the protection by the buyer of the level 3240, which is the test of the seller of the formed buyer's zone at the base of the buyer's vector 8-9 on the daily timeframe. After the buyer absorbs the daily candle of June 24, 2024 on the daily timeframe (conservative strategy). Please don't forget to like, comment and follow to support me, I really appreciate it!
by AlexeyWolf
RIVN falls to fair value for swing LONGRIVN is here on a 30 minute chart with VWAP bands and a dual time frame RSI added. Price fell from the top of the trend up after the last earnings. It is now between the mean anchored VWAP and the first lower VWAP line which is where the reversal occurred on May 8th. I will look for an entry long on a lower time frame chart. I am looking for a 1.75 move up toward the second upper VWAP line in this trade while risking 0.25 making the reward for the risk taken about 7.
NASDAQ:RIVNLong
by AwesomeAvani
Polkadot (DOT): Setting Up for a Bullish ReversalBINANCE:DOTUSD has recently breached the $6 level, forming a bullish divergence, as indicated by the vertical lines on the chart. The exit from the 3.618 Fibonacci time zone should ideally mark the end of Wave 2, though the exact completion of Wave 2 may lie slightly outside this range. It appears that Polkadot has completed its accumulation phase and is now entering the manipulation phase, with potential for expansion to follow. Given the current situation, we are planning to place an entry at $4.85, with a stop-loss set just below the 100% Fibonacci retracement to protect against a Wave 2 invalidation. Our initial target is $9.30, aligning with the Daily Fair-Value Gap. This strategy aims to capture the potential upward movement as Polkadot transitions from accumulation to expansion. Yearly VWAP Analysis: Polkadot is currently holding the 2021 VWAP level perfectly. However, if this level is lost, the price could move down towards the 2021 VAL (Volume Area Low) at $4.55, which might provide significant support. To resume a bullish trend, Polkadot needs to reclaim the 2021 VAH (Volume Area High) at $6.80. Overcoming this level is essential for a sustained bullish move. If these levels are breached, a drop to the 2021 VAL at $4.55 is possible, where we might find strong support. Overcoming the yearly VWAP resistance is crucial for a bullish continuation. Monthly VWAP Analysis: Polkadot has lost the April VAL (Volume Area Low) and recently touched the November 2023 VWAP. Holding the November 2023 VWAP is crucial to maintaining a bullish stance, although there is potential for further downside. We anticipate a possible drop to retest the November 2023 VWAP and VAL levels to gather momentum for a bullish reversal. To turn bullish again, Polkadot needs to reclaim the current month's April VAL and VWAP levels, suggesting a stronger bullish outlook. Conclusion: If Polkadot fails to hold the November 2023 VWAP, we expect a move towards $4.82. For a bullish reversal, reclaiming the April VAL and current monthly VWAP levels is essential. Until these levels are reclaimed, we remain cautious and anticipate further downside. Our trading strategy involves entering at $4.85, with a stop-loss at $3.55. The take-profit targets are set at $7.76, $9.50, and open for further potential gains.
BINANCE:DOTUSDLong
by freeguy_by_wmc
Chainlink (LINK): Watching for Key Support LevelsAfter a strong initial rise following our entry, BIST:LINK has started to decline again, raising the possibility that Wave 2 might not be complete and could fall further. It is crucial that the price does not fall below the 61.8% retracement level around $11, which coincides with a small high-volume node. This level should ideally act as support. Falling below $11 could lead to a rapid decline towards the $7-$8 range. The RSI remains stable, suggesting that the current decline might be part of a normal corrective phase rather than a larger trend reversal. Therefore, we will keep our stop loss relatively wide to accommodate potential volatility, as we do not expect a fall below the $11 mark. If the price holds above this level, the bullish outlook remains intact. We remain cautiously optimistic about Chainlink as long as it stays above the $11 support level. Falling below this could signal a deeper correction towards $7-$8, which would be a significant bearish turn. For now, we maintain our position with a broad stop loss to manage potential volatility and are looking for another DCA bid. Yearly VWAP Analysis When examining the yearly VWAP chart for Chainlink, we notice that the 2023 VAH (Volume Area High) and the 2020 VAH have been respected well. The price has dipped into this zone three times, each time holding it effectively. The 2020 VAH and 2022 VAH are critical levels that need to be reclaimed and held to turn bullish. Reclaiming these levels is essential for a sustained upward move. There is also a possibility that the price could retest the 2020 VAH once more. It is crucial to maintain the support at around $12.18. We have been forming higher lows, indicating a generally ascending trend. This trend should not be violated by falling below the $12.18 support level. Successfully reclaiming the 2020 VAH at around $16 would be a strong bullish signal. Maintaining the $12.18 support level is crucial for continuing the ascending trend. Reclaiming and holding the 2020 VAH at $16 would confirm a bullish reversal. Maintaining higher lows suggests an overall positive outlook for Chainlink.
Long
by freeguy_by_wmc
Solana (SOL): Preparing for Further CorrectionsInitially, we entered Solana at $80 and have been pleased with our position. However, upon reevaluating our scenario, we believe that the larger Wave II may not be complete, and we could see further downside. Therefore, we have decided to adjust our stop loss to avoid being prematurely stopped out, especially if Wave II is not yet finished. This adjustment is based on our long-term belief in Solana's potential. We anticipate that Solana might fall to the range between $92 and $51, with $51 being the absolute maximum downside level. In anticipation of further corrections, we plan to place a second entry at the 127.2% Wave C level, expecting a significant rise post-correction. Quarterly VWAP Analysis In the current situation, the 2024 Q1 VAH (Volume Area High) is acting as resistance, while the current range is defined by the 2024 Q1 VWAP at $126, which has been touched twice, each time forming lower lows. If Solana loses the $126 support level, the next significant range is between $91 and $82. This aligns well with our second entry target at the 2024 Q1 VAH and the 2023 Q4 VAH. In the worst case, a further drop could take Solana down to around $60. To achieve a bullish reversal, Solana needs to reclaim the $126 level and push upwards. Breaking above $161.9 would signal strength, and surpassing the $210 mark would confirm a bullish trend continuation. In conclusion, we remain open to further downside to the $91-$82 range for a potential second entry. Holding this range is crucial to avoid deeper declines towards $60. Conversely, reclaiming $126 and breaking above $161.9, and eventually $210, would indicate a strong bullish reversal.
Long
by freeguy_by_wmc
JKCEMENT: A Potential Rebound PlayJKCEMENT, a leading cement manufacturer, has been trading on the National Stock Exchange (NSE) at a current market price (CMP) of Rs. 4310. After a recent pullback from its 50-day long candle midpoint of Rs. 4200, the stock is showing signs of a potential rebound. Technical Analysis The stock's recent price action has been characterized by a bounce back from the 50-day long candle midpoint, indicating a potential reversal in trend. The Linear Regression Channel (LRC) indicator , which plots the stock's price movements against its volume, is also showing signs of expansion in the upward direction. This suggests that the stock's upward momentum is likely to continue. Long Candle Midpoint The Long Candle Midpoint (LCM) indicator, which plots the midpoint of a long candle, is also indicating a potential rebound. The LCM is plotted at the midpoint of the long candle, which is calculated based on the stock's price movements over a specified period. In this case, the LCM is plotted at Rs. 4200, which is the midpoint of the long candle that formed earlier. Conclusion Based on the technical analysis, JKCEMENT appears to be a potential rebound play. The stock's recent price action has been characterized by a bounce back from the 50-day long candle midpoint, and the LRC indicator is showing signs of expansion in the upward direction. Additionally, the LCM indicator is also indicating a potential rebound. Therefore, investors may consider taking a long position in the stock, with a stop loss at Rs. 4200 and a target price of Rs. 4500. Disclaimer This blog post is for informational purposes only and should not be considered as investment advice. It is essential to do your own research and consult with a financial advisor before making any investment decisions.
NSE:JKCEMENTLong
by stocktechbot
BTCUSDT. Trading opportunityDaily Timeframe Analysis: The price has been in a sideways movement on the daily timeframe since February 2024. The current buyer's vector 10-11 has a potential target of 72797, but the buyer has not yet reached this goal. The seller has formed a selling zone at the end of the unfinished buyer's vector 10-11 (red rectangle on the chart, lower boundary of the seller's zone at 66060.31). Currently, the price is squeezed between two levels: 64602.77, which represents the buyer's defense of volume accumulation at the lower boundary of the daily range, and 67298.81, which represents the seller's defense of the selling zone. Hourly Timeframe Analysis: On the hourly timeframe, the price has formed a sideways movement. The current buyer's vector 9-10 has a potential target of 67298.81 (!). The upper boundary of the range is at 67370.24, and the lower boundary is at 65078. Buying Strategy: From the idea of realizing the current buyer's vector 9-10 within the hourly range, with a potential target of 67298.81. From the idea of realizing the buyer's vector 10-11 within the daily range - when the price breaks above the upper boundary of the hourly range (67370.24) and the buyer defends this breakout. The potential target is 72797. Selling Strategy: From the idea of realizing the seller's vector 10-11 within the hourly range from the upper boundary of the range (67298.81, 67370.24). The potential target is currently unknown and will be formed after the realization of the buyer's vector 9-10. From the idea of buyer weakness on the daily timeframe - when the price breaks below the lower boundary of the hourly range and the level 64060, and the seller defends this breakout. The potential target could be 60200.
by AlexeyWolf
SPY - quadruple witchingHere’s a more detailed explanation of what happens during quadruple witching: Stock Index Futures: These are contracts to buy or sell a stock index at a future date for a predetermined price. Stock Index Options: These give the holder the right, but not the obligation, to buy or sell a stock index at a specified price before the contract expires. Stock Options: These give the holder the right, but not the obligation, to buy or sell a specific stock at a specified price before the contract expires. Single Stock Futures: These are contracts to buy or sell shares of an individual stock at a future date for a predetermined price.
AMEX:SPYLong
by alexpv73
TESLA FOR EARNINGS Tesla earnings: The key figures involved in Tesla's earnings include $1.2BGAAP operating income in Q1, $1.1BGAAP net income in Q1, and $1.5Bnon-GAAP net income in Q1. In the specified time period, Tesla had a negative free cash flow of $2.5billion in Q1, driven by an inventory increase of $2.7Band AI infrastructure capex of $1.0B.Their quarter-end cash, cash equivalents, and investments in Q1 were $26.9billion, with a sequential decrease of $2.2billion.
NASDAQ:TSLALong
by alexpv73
PEGY | Small Float Energy Co. | LONGPineapple Energy, Inc. is focused on local and regional solar, storage, and energy services companies nationwide. The firm's vision is to power the energy transition through the grass-roots growth of solar electricity paired with battery storage. Its portfolio of brands, including SUNation, Hawaii Energy Connection, E-Gear, Sungevity, and Horizon Solar Power, provides homeowners and small businesses with an end-to-end product offering spanning solar, battery storage, and grid services. The company was founded in 1969 and is headquartered in Minnetonka, MN.
NASDAQ:PEGYLong
by DivergenceSeeker
BTC 2024-2025For the past year another bullish cycle was incepted in BTC. Once again, it started from the key support zone, which represents miners' breakeven price. The strong bullish market sentiment last year was supported by a risk-on environment in financial markets: Supressed dollar sterngth, decreasing oil and gas prices Increasing buybacks in the US corporate sector Strong results of the "magnificent seven" and anticipation of the AI revolution Fed provided liquidity to mitigate the consequences of the SVB collapse, and decreased the rate of quantitative tightening (QT) All this provided favorable liquidity conditions in the markets, setting the stage to propel the crypto market. Now that BTC has reached an all-time high (ATH), and on-chain metrics look very strong according to Glassnode, the question remains: will this bullish cycle follow the same pattern as after previous BTC halvings, or will it be somewhat different? As for now I see the following possibilities: Best-case: Confidence: 69% Description: BTC will continue ongoing bullish cycle as during the past cycles. However investors should be aware of the possibility of temporary consolidation before ATH break out (similar to what we saw in spring-summer 2023 before last autumn bull-run). Min pull-back price: ~50K$ Max target price: >130K$ Base-case: Confidence: 21% Description: False ATH breakout will provoke a deeper pull-back before continuation of bullish cycle. In case the price starts sliding down, investors should check how the market reacts on the 50K price zone. Market inability to break ATH after such consolidation, will provoke a deeper pull-back. Min pull-back price: ~35K$ Max Target price: ~100K$ Worst-case: Confidence: 10% Description: False ATH breakout will provoke strong bearish trend to last year low and miners breakeven price range. This will require a black-swan event and rapid deteoration of financial market's sentiment. This is very unlikely because the US government will try all possible means to keep markets strong before the POTUS election. Min pull-back price: ~20-25K$ Max Target price: ~80K$ Conclusion: The best-case scenario looks the most probable (69%), there are some factors which may come into play in the foreseeable future and enact downward price pressure: Having BTC and ETH ETFs approved, investors and traders might follow a psychological pattern of selling the news. This could be exacerbated this autumn by tighter monetary conditions due to a prolonged period of high rates before the Fed is forced to start easing despite sticky inflation. Additionally, the BTC halving event might produce a lesser impact during this cycle, as newly mined coins will constitute only a minor share of coins already in circulation. So there is a slight chance (21%) that the market might behave differently than past bull cycles. Over the course of the year I will continue posting updates on whether the market confirms this outlook, and I'll keep you updated throughout the year if the alternative scenarios unfold.
CME:BTC1!Long
by Cassandra299
BTC 2week trading strategy May 27- June 10No-need to hurry to enter the market until current futures contract expiration date on the 30th of May (vertical orange line). Also summer is usually not the best period for breakouts due to holiday season. Best-case: BTC price breaks through 69650 intraday resistance level confirming continuation of a short-term trend which started on the 1st of may (short violet dotted line). This trend will continue going upwards to break ATH or at least it will be transformed into a range between 66450 and 70500 before breaking ATH. Base-case: There will be a deeper pull-back to 64500, as a consolidation before ATH break. Overall the decline will be temporary and not too deep to break the medium-term trend which started on the 11th of Sep 2023 (long violet dotted line). Worst-case: Deeper pull-back to the current key supoprt zone (green rectangle) which will confirm that short-term and medium-term trends are over and the longer consolidation will be needed to break ATH (similiar to summer 2023). Trading strategy: Stop-limit at 69650 for the best-case scenario. however entering the market with 1/3 of max risk per trade limiting exposure to the worst-case of price locking in medium-term range (56500-72500) preserving flexibility to make another entry for base-case in case of a deeper pull-back to 64800, or after ATH break-out at a higher price. in case of the worst-case confirmed, reconsider whether it's still reasonable to hold the trade stop-loss below 50000 for a black-swan event to protect deposit from margin call. It is highly unlikely that this stop-loss will be trigerred accidently for the coming two weeks.
INDEX:BTCUSDLong
by Cassandra299
2
Bitcoin Analysis==>>Cup & Handle PatternBitcoin is moving near the upper line of the Falling Wedge Pattern . In terms of Classic Technical Analysis , it seems that Bitcoin has succeeded in forming a Cup & Handle Pattern . ( continued pattern ) After breaking the neckline, I expect Bitcoin to rise to at least the target I've specified on the chart. Note: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze (BTCUSDT), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
25
BTC in a Daily Range - Breakdown Likely?Bitcoin has been stuck in a range for the past 3 months. On the daily chart, it's hovering at the top. The Visible Range Volume Profile ( VRVP ) indicates a zone of high volume at $63k, suggesting this could be the next significant support level. Analysis : - Range : BTC has been trading within a range defined by $63k and $72k for 3 months. - Top of Range : The current price is near the upper end of the range, hinting at potential resistance. - VRVP : The VRVP highlights a high-volume zone at $63k, suggesting this level could act as support. - Breakdown : If the price breaks below the range, $63k would be the first major support level to watch.
BITSTAMP:BTCUSDShort
by alorse
4
XAUUSD. The seller is aiming for 2326 and belowOn the daily time frame, a sideways movement has been forming since April 9th. The buyer’s vector 4-5 reached a new high. The key candle of vector 4-5 was on May 20th and is located at the top (highest volume, "tKC" on the chart). The seller absorbed this candle, and now the seller’s vector 5-6 is developing. The first target is 2326.515. On the hourly time frame, there is a short trend. The last seller’s impulse started from 2374.01. The price corrected to the 50% level of the last impulse (2364.498), and we see a strong seller’s continuation. It makes sense to look for sell opportunities above 2390 if the price returns there or from the defense of the trend by the seller.
OANDA:XAUUSD
by AlexeyWolf
2024-06-24 Bitcoin overview[volume,trend line]Based on the significantly reduced trading volume of Bitcoin currently, it seems more likely that it is forming a large sideways range rather than being in a downtrend. In order to set a direction and reverse the trend, a zone where volume surges must be formed. Therefore, it is not yet in a position to show the kind of rise that would break through the high points that many people are waiting for. Even though it reached 63.4k, there was no significant volume, so we can only expect a lower position than that. From the perspective of a sideways range, I don't think it will go down to 56.5k, and I predict that the range of 61.7k to 62.4k is the bottom of the current range. This area is a strong resistance zone where previous tails gathered, and it is typically a zone that slightly breaks the 0.382 Fibonacci retracement level just before a rebound trend. If volume suddenly spikes in this zone, I will maintain this perspective, with a target zone where it can sweep away all the liquidity of the range and fall to 75k-76k. While future developments need to be observed, the formation of a long-term range implies that the upward momentum has weakened rather than there being another large upward wave. Therefore, my main view is that there will be a rise to remove liquidity and then a return to a true downtrend.
by QTM_Labs_pwm
UNFI near get ready bull market?Dear Analysts and Traders, In my opinion, the UNFI chart looks very promising. I see few things that suggest strong bull market in the nearest future. I use my indicator, he's set up for visible range analysis. In first plan I can see accumulation structure compliant with Wyckoff theory. Events according to Wyckoff method and VSA, I marked with white letters descriptions. For me, very important is phase C of accumulation. In this case phase C tells me that supply is collected by Smart Money. I think that because phase C of market big structure takes lower tier of accumulation - events are marked by yellow description. In smaller structure I see strong building of case future movement. That's not all, The Composite Man tested last low what I see as VSA pattern - no supply, this test is confirmed by strength cande with elevated volume. The structure have expected by me volume action and consistent to Wyckoff logic. What's next? I think that UNFI price will be raise to marked supply zone. If there will be subsequent accumulation and succeed Jump Across The Creek confirmed by bull structure above The Creek, I'll be sure, that bullrun is coming. I will be monitoring this market closely. Whoever reached the end of my thoughts, I thank you and I hope that the time to explore my thoughts was not wasted. I wish You great trades and faultless analysis. CatTheTrader
ULong
by CatTheTrader
ALT | Heavy Accumulation in Progress | LONGAltimmune, Inc. is a clinical stage biopharmaceutical company, which focuses on the development of novel peptide-based therapeutics for the treatment of obesity and liver diseases. The company's lead product candidate, pemvidutide, is a GLP-1/glucagon dual receptor agonist that is being developed for the treatment of obesity and NASH. In addition, Altimmune is developing HepTcell, an immunotherapeutic designed to achieve a functional cure for chronic hepatitis B. The company was founded in 1997 and is headquartered in Gaithersburg, MD.
NASDAQ:ALTLong
by DivergenceSeeker
SP500 potentially 45% drop sell - AnalysisThe provided image outlines a long-term technical analysis of the S&P 500 using Elliott Wave Theory: Wave 1 (2011-2020): A lengthy bullish trend representing the first large-scale wave, which extended for nearly a decade, ending in early 2020. Wave 2 (Early 2020): A substantial retracement followed, marking wave 2, coinciding with the sharp sell-off due to the COVID-19 pandemic at the start of 2020. Wave 3 (2020-2022): Thereafter, a strong recovery and extension formed wave 3, reaching new highs in 2022. Wave 4 (2022-2023): Another retracement took place, defining wave 4, which concluded in 2023. Wave 5 (2023-2024/2025): The current trend is wave 5, which may peak between 2023 and 2025. This wave is anticipated to reach the target price range of 5,800-6,100 before a significant retracement. Within this broader structure of wave 5, a smaller set of waves have formed points 1, 2, and 3 over the course of 2023 and 2024. We are currently awaiting the completion of minor wave 4's retracement and the extension of minor wave 5. This would be the fifth wave of the fifth cycle, or "wave 5 of 5." Following the completion of the minor wave 5, analysts expect a substantial retracement in 2024-2025. Based on Fibonacci extension levels, the SP500 could experience a drop of 40-45%, potentially reaching levels of 3,460 or 3,160. The extension of the minor wave 5 could fail following the retracement of minor wave 4, potentially precipitating the drop earlier. For market participants following this analysis, this might suggest an opportunity to take profits near the anticipated peaks and then potentially look for short entry points to capitalize on the forecasted long-term retracement. Of course, such analyses should be approached with caution and coupled with careful risk management and ongoing market developments monitoring. Target date: 07 may 2024
SP:SPXShort
by Ninjia_Kitty
8