Bullish Setup for GOLD**Technical Analysis: Bullish Outlook for GOLD**
Gold has completed a healthy retracement with high volumes. The presence of no-supply candles on the 15-minute and 1-hour timeframes indicates a potential upside movement. There is a chance of testing the current zone again before a clear upward movement.
Volume
TONUSDT. Looking for sales opportunityHi traders and investors!
It might be time to open short positions on TON.
Daily Timeframe Analysis
On the daily timeframe, the price has formed a sideways movement. The buyer's vector 4-5 has reached all its targets. Yesterday, the seller brought the price back into the range, and the daily candle closed below the upper boundary of the range at 7.675. Additionally, a seller's zone has formed at the upper boundary of the range (red rectangle on the chart). The lower boundary of the range is at 4.5983. The current seller's vector 5-6 has a potential target of 5.18. The nearest obstacles are 6.58 and 5.9777.
Hourly Timeframe Analysis
On the hourly timeframe, there is a downtrend. The last selling impulse started from the level of 7.5862. This level also serves as the seller's defense of the breakout from the range on the hourly timeframe (marked as RPL on the chart). Currently, the price has interacted with the 50% level of the last selling impulse (7.2243) but has not been able to overcome it so far.
Selling Strategy
It is reasonable to look for selling opportunities based on the idea of realizing the seller's vector 5-6 in the range on the daily timeframe. Possible levels to look for sales if defended by the seller include 7.5862 (hourly timeframe) and 7.675 (daily timeframe).
Alternatively, after a new selling impulse appears on the hourly timeframe, identify the seller's areas of interest and look for selling opportunities from the defense of these areas.
HUBC formed a nice chart patternToday market crashed, and came back. There were some great opportunities in the market, mostly bounce plays. HUBC is different. It has it's own agenda. Closed strong from a nice consolidation. Upside potential is good, and stop loss is around $0.70. Play accordingly. 2R is $1.28 and 3R is $1.49
CAD/JPY RIGHT NOW On CAD/JPY , it's nice to see a strong sell-off from the price of 104.460 and 107.270 . It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
The downtrend combined with the strong volume area along with the strong S/R area from the past are my main reasons for this short trade.
Happy trading,
Dale
USD/JPY Day Trading analysisOn USD/JPY , it's nice to see a strong sell-off from the price of 148.850. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
The downtrend combined with the strong volume area along with the strong S/R area from the past are my main reasons for this short trade.
Happy trading,
Dale
AUD/USD continues the downtrendOn AUD/USD , it's nice to see a strong sell-off from the price of 0.64860. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
The downtrend combined with the strong volume area along with the strong S/R area from the past are my main reasons for this short trade.
Happy trading,
Dale
Sell BitcoinBitcoin once again is doing a Lower high in the daily chart, now price is in the resistance now I have some doubts because all the momentum on the bitcoin but I think can be a good time to open a short position, hoping price can travel to the Botton of the range around 54K once again
Opened a short position at 69050
GBPCAD , Bearish according to VSA unless it breaks the level**Analysis for GBPCAD Short Trade:**
- **Volume Spread Analysis (VSA):** VSA suggests a downward move for GBPCAD, indicated by high volume and impulse buying candles. We will wait for a no-demand candle with low volume or an upthrust candle with low volume to confirm the entry.
- **Entry Confirmation:** The probability for a sell position is high, provided the price does not break above the upper resistance level marked on the chart.
- **Target Projections:** If the upper level is broken, potential targets TP1 and TP2 are marked on the chart. These levels are expected to be reached in the coming week.
AU Neutral Idea The price going into the new week is closed as neutral. If the price breaks below the value area, I will look for longs in the short term. If the price breaks above the value area, I will look for sells.
I have marked the weekly value areas as potential support and resistance. Again, if the price lands in the blue I will be looking for buys to the POC. If the price breaks into, the red, I will look for sells to the weekly POC.
Sorry Vivek... this does not look good for you :/Price target 1 - $7
Price target 2 - $5
This has nothing to do with Vivek personally, but this is very clearly setting up for a LARGE move down.
If all is untrue with my analysis and earnings are promising, I can see a pop to $15 per share.
Earnings for a company that has a 7.8 billion dollar market cap, BETTER deliver.
SHORT IT... I'm sorry Vivek, I really like you but stocks don't care about our feelings.
go long - swing pick- this stock shows signficant delivery percentage value
- possible chances for accumulation
- may perform good in upcoming days
- this stock is picked after market close based on delivery qty data.
- follow this stock for next 5 days , if entry not triggered with in 5 days , ignore pick
- line marked in chart is the day it showed huge delivery percentage.i consider it as signal candle.i marked its high and low
entry
- go long with 1:1.5 RR
- take entry if 15min close crosses the line , ignore entry if it made gap ups
- i prefer entry with in 5 days , if not triggered ignore this pick
sl
- candle close below signal candle's low
target
- keep 1.5 times of sl.
Uncovering Market Sentiment with Long Candle Midpoint Indicator Introduction:
In the dynamic world of cryptocurrency trading, understanding market sentiment is crucial for making informed trading decisions. In this blog post, we will analyze the BTCUSD market through the lens of a custom-built technical indicator, the Long Candle Midpoint indicator, on the TradingView platform.
This indicator helps identify long candles, which often serve as strong psychological lines that reflect market sentiment.
Indicator Behavior and Analysis:
The Long Candle Midpoint indicator has identified four significant long candles in the BTCUSD market, with middle lines that have been respected by the bullish crowd at $30,479, $37,458, $50,638, and $65,479. These levels indicate a positive market sentiment towards BTCUSD, as the bullish crowd has shown consistent interest in these price levels.
Currently, the market is in a consolidation phase due to various global cues. However, two crucial psychological levels stand out: $69,500 and $57,500.
These levels were previously broken down in the weekly timeframe, and the market attempted to break out again, but failed to surpass the trend line.
Indicator Settings:
The Long Candle Midpoint indicator has been configured with a length of 20 bars and a line extension of 100 bars. The calculation method is set to "Both," which considers both the highest true range and the average true range. The LC multiplier is set to 1.6%, which determines the long candle threshold.
Trading Implications:
While this analysis does not constitute a buy or sell call, it sheds light on the market's potential decision regarding BTCUSD. Traders should carefully consider entry and exit points, keeping an eye on the crucial psychological levels of $69,500 and $57,500.
Conclusion:
By analyzing the BTCUSD market using the Long Candle Midpoint indicator, we have identified strong psychological levels that reflect the market's sentiment. Understanding these levels can help traders make informed decisions and better navigate the ever-changing cryptocurrency market. Stay vigilant, and happy trading!
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always do your own research and consult a professional before making any investment decisions.
Paypal ($PYPL) - close to done correcting?There are multiple ways to count the move up, I have two different possibilities on the chart. Either way, I think at this points it's enough to assume that was an impulse. On the correction side I propose a Zigzag, with the C wave as a contracting diagonale, that is missing the C-wave of the wave 5.
The volume profile shows very little volume between 55 and 58, so anything more than a tiny dip in that zone might very well lead to 55 and below.
Whether there will be a noteworthy retracement before the possibly last move down or not, we will have to see. It might just continue going down to finish. I'd be looking at 53-55 for a bottom, though the count will stay valid until around 47.