Can the price of XRP really go that high? This chart shows how it could be possible for the price of #XRP to reach the coveted $589 price target. I'm not a big fan of these extravagant price targets in short time periods, but I do firmly believe that they are attainable given enough time and the right circumstances.
Good luck, and always use a stop-loss!
Breakout
EURUSD → get a long positionhello guys.
as you can see the eurusd breakout the ascending channel and the last high!
this position is based on a solid breaksout and if the stop loss touched then it means the breakout was a hunting!
entry level= 1.1048
stoploss=1.0950
target1=1.1131
target2=1.115
atrget3=1.1268
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Bullish Alert: Tata Technologies|Strong Swing Trade Potential!📈 Bullish Alert: Tata Technologies Ltd. Shows Strong Swing Trade Potential! 🚀
Stock Analysis Report
Stock Name : Tata Technologies Ltd.
Timeframe: Daily
Current Market Price (CMP) : ₹1068
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Trade Type
• Trade Type: Swing Trade
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Technical Analysis
1. Trendline Breakout:
The stock has recently broken above a key trendline with increased volume, indicating a strong bullish signal.
Following the breakout, the stock has successfully retested the trendline, further
validating the upward momentum.
2. Indicators:
MACD: Buy signal confirmed.
Oscillator: Buy signal confirmed.
3. Moving Averages:
The price is currently trading above both the 50-day and 100-day moving averages, reinforcing the positive trend.
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Target Prices
• T-1: ₹1115
• T-2: ₹1150
• T-3: ₹1180
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Stop Loss
• SL: ₹1045
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Summary : Tata Technologies Ltd. presents a strong swing trade opportunity. The stock exhibits a bullish trend supported by a recent trendline breakout, successful retest, and positive signals from key technical indicators. With the price trading above significant moving averages, potential target prices are set at ₹1115, ₹1150, and ₹1180, while a stop loss is recommended at ₹1045 to manage downside risk.
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Disclaimer : " Please do not base your trades solely on the ideas mentioned above. Conduct your own research before making any trading decisions. We are not responsible for any financial losses that may result from applying this study or from taking any early entry or exit in trades. "
TIA ANALYSIS 🔮 #TIA Analysis - Breakout 🚀🚀
💲💲 There is a breakout of "Falling Wedge Pattern" in #TIA. It's a daily time frame breakout. Also there is a formation of "Rounding Bottom Pattern" and after the breakout of the rounding bottom we would see a good bullish move
💸Current Price -- $5.400
📈Target Price -- $8.750
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#TIA #Cryptocurrency #Breakout #DYOR
UNFI/USDT LONG TRADE SETUP!!Hey everyone!
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UNFI looks good here. It broke out from the cup and handle pattern in a 4-hour and did a successful retest. Long some here and add more in the dip.
Entry range:- $2.72-$2.76
Targets:- $2.86/$3.02/$3.13/$3.3
SL:- $2.63
Lev:- 5x-10x
How To Trade Off Liquidity Levels Following A Structure BreakoutGrasping how to trade around liquidity levels is crucial. The fundamentals of technical analysis revolve around identifying and leveraging these points.
One common mistake that new traders make is not choosing the right price levels for trades. This can lead to inadequate risk-reward setups and inconsistency in trading results.
What Are Liquidity Levels?
For large institutions and traders needing to execute substantial orders, locating sufficient liquidity is vital. A market’s liquidity significantly influences price volatility. When major players enter the market, they aim to achieve the best possible prices. However, due to the size of their orders, they need ample counter-orders to fill their trades while minimizing slippage. If a trader attempts to enter a position in a low-liquidity area, the resulting volatility can negatively impact their average entry price. Conversely, entering at a high-liquidity level usually means less price fluctuation, leading to a more favorable average price.
So, where can you find these liquidity levels? Look at where stop-loss orders are likely placed. This is where the concept of “stop-loss hunting” comes from—large players need liquidity to accumulate significant positions, which makes these areas of interest since they help reduce slippage.
A liquidity level arises from an initial imbalance in supply and demand, forming what we know as swing highs or lows. As more traders take positions, these levels become historical reference points for placing stops. When these levels are revisited, a decision point occurs, leading to either a breakout or a reversal.
A useful guideline is to watch for rejections that don’t reach a 50% retracement of the previous high or low, as this might indicate a lower-quality liquidity level. Strong rejections tend to indicate better chances of holding during retests. I personally look for rejections that result in a breakout into new highs or lows. Other factors, such as market conditions (risk-on/risk-off), broader market structure, and relevant economic data, also play a crucial role in assessing whether a level will hold.
Trading EUR/USD Using Liquidity Levels
To illustrate how to identify potential buying or selling opportunities based on liquidity levels, draw a horizontal line from the latest wick or swing high/low and extend it until it meets price again.
In the EUR/USD hourly chart example below, I selected a month’s worth of data, marking blue lines for liquidity levels that led to market structure breakouts (higher highs or lower lows) and red lines for levels where retests failed to break the structure. I recommend a strategy of targeting a 2:1 risk-reward ratio, setting stop-loss orders at half the size of the previous swing, moving to break even at 1:1.
By the end of this exercise, it should be clear that trading on liquidity levels with a breakout condition (blue lines) significantly increases your chances of success compared to trades that go against the prevailing market structure (red lines). If you focused solely on the blue levels, you might have experienced 6 winning trades and only 1 loss at a 2:1 risk-reward ratio.
By combining this approach with additional factors like aligning with higher timeframe cycles, considering fundamental analysis, and practicing disciplined risk management, you may find this strategy aligns with your trading style. I encourage you to explore this methodology through your own backtesting and see how it can enhance your trading arsenal.
IOTX ANALYSIS📊 #IOTX Analysis
✅There is a formation of Descending Channel Pattern in 3d chart with a breakout🧐
Pattern signals potential bullish movement incoming after the confirmation of breakout and a small retest📉
👀Current Price: $0.04400
🚀 Target Price: $0.08060
⚡️What to do ?
👀Keep an eye on #IOTX price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#IOTX #Cryptocurrency #TechnicalAnalysis #DYOR
INJ/USDT: BREAKS OUT! READY FOR AN ATH!!Hey everyone!
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INJ looks good here. It breaks out from the falling wedge-like structure and is currently, retesting the wedge. Buy some here and add more in the dip.
Entry range:- $19-$21
Targets:- $27/$34/$42/$52
SL:- $17
What are your thoughts on INJ's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
$BTC Going For It! $65k Next UpJust as expected Bitcoin is being rejected from the 200MA.
Bulls still appear to be in control, so we should test the .618 Fib ~$65k.
The real line in the sand is breaking through the trendline ~$68k.
IF we close above that, the bulla will be in full swing!
I'm still keeping 10% cash on the sidelines regardless for one last generational buy opp, although those days are looking numbered.
There's still a lot of macro conditions that are concerning, hence the Fed 50 bps rate cut.
BTC: NEXT POSSIBLE MOVE!!Hey everyone!
Appreciate a like and follow if this analysis helps!
Bitcoin has successfully broken out from a symmetrical triangle in the 4-hour timeframe. However, a retest of the broken resistance level is likely. Avoid impulsive buying (FOMO) and wait for a potential pullback.
Anticipated Timeline:
Sideways Movement: Expect Bitcoin to trade sideways for the next week or two.
Retest: A retest of the broken resistance level (around $60k) is probable.
Post-Retest Outlook:
Bullish Momentum: A successful retest and subsequent close above the resistance could ignite a strong rally.
Target: The next major target is $80k.
What are your thoughts on BTC's current price action? Share your analysis in the comments!
SHIBA looks to be finally gaining some ground!After three wedges failed to produce a breakout, and with price action continuing downward, creating a very defined price channel, SHIBA has, for the first time since forming the massive breakout flag pattern, broken out of the current wedge to the upside.
This could be a sign of good things to come!
Good luck, and always use a stop loss!
TURBO ANALYSIS📊 #TURBO Analysis
✅There is a formation of Descending triangle pattern on daily chart with a perfect breakout🧐
Pattern signals potential bullish movement incoming after a small retest 📉
👀Current Price: $0.005770
🚀 Target Price: $0.009400
⚡️What to do ?
👀Keep an eye on #TURBO price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#TURBO #Cryptocurrency #TechnicalAnalysis #DYOR
GEM weekly reversal longGEM shruggled off a earnings disappointment and held previous zone PoC, the weekly is breaking out of an ascending triangle, the BO level of 1.33 was breached prematurely to earnings and an inside level is forming on the daily. Moved to red flag and watching for setup.
The initial target would just be the take partial level. This could be a powerful weekly reversal, start of a trend.
FOMC 25bps vs 50bps??The day has arrived!! Today is predicted to be the first rate cut by the FED since the COVID crash of March 2020! Two years after that in March 2022 the FED begun rate hikes in an attempt to stop the rising inflation. Now that inflation is close to the FEDs target of 2% it's time to stimulate the economy with cheaper borrowing.
The big question is, 25bps or 50bps?
Last week we saw the ECB (European central bank) cut their interest rates by 60bps from 4.25% to 3.65%, although this news has somewhat gone unnoticed, I'm not so sure the FED would have ignored it. If Europe has considerably cheaper borrowing rates than the US it could signal more growth to come from Europe and that would not be ideal for the US.
Now this doesn't necessarily mean that Europe will be favoured by investors for long as this is only the beginning of rate cuts, Europe could taper off earlier or US could be more aggressive later on, we don't know for sure but I don't think America would want to fall behind.
Prediction markets have shown the 50bps cut is growing in probability. Now at 61% chance for 50bps according to FED funds futures (At time of writing). 25bps is definitely priced in, but I don't think 50bps is priced in. This should see risk markets get a boost.
In terms of TA, the 4H BTC chart looks ready to breakout, back above the 200EMA and 4H support. Flip the 4H resistance and $65,000 is the target.
Be carful today with leverage as volatility will be crazy, plenty of whipsawing and generally the first move direction is wrong. Stay safe out there.
EURO - Price can bounce up from wedge, exiting from itHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price entered to rising channel, where it at once made a correction to support line and then continued to grow.
In a short time, price rose to resistance line of channel, but at once bounced down, making a fake breakout of $1.1120 level.
EUR exited from channel and started to trades inside wedge, where it broke $1.1050 level and fell to support line.
Next, price made upward impulse, thereby breaking this level again and later EUR broke $1.1120 level too.
Now, price trades near support area, and in my mind, it can fall to this area and then bounce up.
After this, price will exit from wedge and continue to move up to $1.1180
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