Chartanalysis
Boeing: Taking Off?Boeing continued its decline recently, moving steadily toward our green Target Zone ($146.35 – $113.35). Just this Tuesday, the price reversed only $0.23 above our Zone. While it’s technically possible that the stock has already established the low for wave (2) in green with this dip, we aren’t convinced. So, we expect another pullback soon, with the stock eventually landing within our Target Zone.
TSM: Entry, Volume, Target, Stop Entry: above 189.33
Volume: above 15.1M
Target: 204.10 area (this is an area, no guarantees, you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 189.33, 182.02 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not enter a trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Fetch: Home StretchFET has sold off as planned over the last seven days, reinforcing our primary assumption that the final subwave of wave 2 in green is currently unfolding. To catch the low of this movement, we’ve added a green Target Zone onto the chart; it ranges from $1.14 to $0.8810. Investors could enter long positions there, with stops placed about 1% below the lower edge or at the support level of $0.80. Once the low is confirmed, we anticipate a rise above the resistance at $1.73. However, if this level is breached earlier (38% probability), we will already place the coin in the green wave alt. 3.
Bitcoin: Uptober or Rektober?Traditionally, October has been a very bullish month for Bitcoin. However, in its first few hours, this October brought Bitcoin a sharp sell-off of almost 9%. The largest cryptocurrency not only lost the important $65,000 mark within a few minutes, but also temporarily fell back towards $60,000. However, we do not expect this sell-off to end any time soon. After all, we expect a final lower low of the orange wave iv before the same-colored wave v should lead to new all-time highs.
S&P500: Upward Potential!We still give the S&P more room and time to complete its turquoise wave B, which should primarily peak below the resistance at 5946 points. If the index breaches this level, we will have to assume that the larger green wave alt.(4) has already bottomed out. We consider this alternative scenario 38% likely. However, we primarily expect the S&P to fall into our green Target Zone (coordinates: 5110 – 4921 points) after reaching the upcoming top of wave B. This range is where the regular green wave (4) should be completed. Thereafter, we expect the upward movement to continue, with wave (5) finally breaking above 5946 points.
Ripple: Upward PressureXRP rose significantly after our last update and even surpassed its July highs at times. Should this upward momentum now continue above the resistance at $0.9479 (probability: 45%), we should already see the coin in the magenta-colored wave alt. (D). However, we are not yet convinced of this option and are thus allowing the same-colored (C) wave to continue below the support at $0.2874.
AUD/CHF - Potential Bullish ReversalThe AUD/CHF pair has been forming a recovery after bouncing off the 38.2% Fibonacci retracement level at 0.5643, following a sharp downtrend. Currently, the price is trading around 0.5840, indicating a potential breakout from the downtrend channel.
Key Resistance Levels:
0.5814 (61.8% Fib retracement)
0.5900 (Top of the downward sloping trendline)
0.6090 (Previous swing high)
Key Support Levels:
0.5728 (50% Fib retracement)
0.5625 (Horizontal support)
The breakout above 0.5814 signals a potential bullish continuation, targeting the upper trendline near 0.5900 . If the price can break through this level, the next major target will be 0.6090 . However, a rejection here could result in a retest of support at 0.5728.
RSI is pointing upwards, suggesting momentum is in favor of the bulls, though it is nearing overbought territory. Volume also supports a potential upward move, but caution is advised at key resistance areas.
Solana: Close Call!Solana rose further last week, approaching the important resistance line at $163.44. Consequently, we have raised the probability of our alternative scenario to a whopping 43%. This scenario still locates the price in an extended blue wave (i). However, we primarily locate the coin in the same-colored wave (ii), which should initially approach our Zone (between $85.15 and $30.79) before being replaced by an impulsive rise to above the $210.03 mark.
Decentraland: Breakout?MANA recently experienced an upward movement and is currently trying to leave our magenta Target Zone (between $0.1371 and $0.3154). We attribute this development primarily to the magenta wave (iv). The price may should leave the range briefly, but then come back to complete the green wave (2). Consequently, we continue to keep the Zone active so that it can be used to open long positions. Stops could be placed around 1% below the lower edge. From a technical perspective, however, there is also the possibility that the low of the green wave alt.(2) has already been set. This option will come into play with a direct rise above the resistance at $0.37.
Coinbase: Not Yet!Although Coinbase has moved upward within our orange Target Zone (between $180.58 and $134.06), we must still reckon with a lower low of the orange wave ii as the stock can use the whole range of our Zone to complete the current movement. However, since the technical requirements for this corrective move have already been met, the price could also continue to rise directly. In any case, the orange wave iii should surpass the resistance at $323.70, so our Zone still offers long entry opportunities to profit from the expected increases. For hedging purposes, a stop may be placed 1% below the Zone’s lower edge.
EURCAD ANALYSISHey traders, so i am glad all our analysis for last week played out well.
Here is another one for EURCAD, my analysis shows a sell from the current price point all the way down. You might want to wait for any other confirmations that resonates with your trading styles and let's eat this.
ABCapital Near its ATHOn monthly charts, stock has created inverted head and Shoulder pattern. Stock is consolidating near multiyear resistance and its all-time-high. short term target can be 260. If it sustains above 265, stock can show massive rally towards 450-500. But it will take time. Still, its good entry point if you can hold it for next 3 years.
Disclaimer : this is not stock suggestion. ideas are for educational purpose only.