Consolidation
Does Bitcoin SLIDE into a bounce?Notice that there is no strong buying signal (green dot) on the candle following the strong selling (red dot). This is generally negative on the price indicating that there's more short-term downside to come.
However, it should be noted that the monthly current is still moving upwards suggesting that support is steadily increasing. As this continues, it makes a drop to the seasonal current that much less likely.
Once again, because the flow signal has not yet been negated, the overall trend is still bullish. We'd need to see a yellow dip signal indicating a withdrawing of liquidity to start looking more seriously towards the downside.
Bitcoin Upside Potential to $40,000With the test of the support at 24,500, Bitcoin has successfully tested the last big untested level. Since the levels below have all already been tested successfully, an upward move was the more likely outcome. At present, there are many technical indications of further upside potential. Bitcoin is currently consolidating bullish at the 2023 high and a very strong weekly resistance at around 30,800 to 32,000. The consolidation is supported by the gain of the 30,000 level.
As long as the range (green small box) holds, we can expect a test of 31,800 as well as a potential bullish break out of it. Should the price close significantly below 29,800, the level around 25,000 would become interesting again. In any case, one should wait with a trade until either the level around 31,800 is gained with a bullish move or the level around 29,800 is given up in a bearish move.
The corresponding targets would then be 40,000 and 25,000.
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🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨
If you like what you see don’t forget to leave a comment 💬 or smash that like ❤️ button!
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Disclaimer & Disclosures pursuant to §34b WpHG
The trades shown here related to stocks, cryptos, commodities, ETFs and funds are always subject to risks. All texts as well as the notes and information do not constitute investment advice or recommendations. They have been taken from publicly available sources to the best of our knowledge and belief. All information provided (all thoughts, forecasts, comments, hints, advice, stop loss, take profit, etc.) are for educational and private entertainment purposes only.
Nevertheless, no liability can be assumed for the correctness in each individual case. Should visitors to this site adopt the content provided as their own or follow any advice given, they act on their own responsibility.
XMR, ancient coin | $212On weekly chart,
Monero BINANCE:XMRUSDT is in consolidation phrase.
It's trading at $164.8 now
I expect Monero will move up to $212 to complete 1.0 Fib Ex and 119.5% from $96.7
Wait and see
Dow Jones Industrials suddenly not looking too shabbyThe Dow Jones has been out on vacation for the first half of this year, not really participating in the melt-up, and instead, consolidating and working off that sharp rally from Q4 2022.
After all, it was one of the first indexes to bottom from the depths of the bear and start leading things higher.
But now after all of this sideways consolidation, it's starting to offer up a favorable reward-to-risk if it can build momentum over 34,500.
Perhaps a possible rotation into YTD leaders and back into industrials for the second half of the year? I'm not so sure about that yet, but it's a chart worth paying attention to.
TECHM- Consolidation 1 year Daily/weekly/monthlyView-Sidesways to bullish
The stock is consolidating between 1150 to 980 lvls. However this time it has taken support near .5 Fib levels. which are near 1061-1075. This makes high probabilty of going upside.
If it holds around 1135-1110 for next 1-2 weeks we may see a strong up side for 1300+ 1400+ 1500+
This analysis is only for learning and educational purpose. Please manage your risk accordingly.
Home Depot - Pump to $327 incoming🐂 Trade Idea: Long - HD
🔥 Account Risk: 1.00%
📈 Recommended Product: Knockout / Option
🔍 Entry: +/- 306.27
🐿 DCA: No
😫 Stop-Loss: 284.29 (or 294.65 for aggressive trade)
🎯 Take-Profit: 327.27 (50%)
🎯 Trail Rest: Yes
🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨
If you like what you see don’t forget to leave a comment 💬 or smash that like ❤️ button!
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Home Depot is in a larger uptrend since Oct. 2016 (yellow trend line) but consolidates sideways since Feb 2023 despite a take-off situation in the housing market - at least when it comes to permits. Home Depot is considered as a stock that should benefit from those situations.
Technically we can see that the bottom support of the current consolidation zone (big green box) was breached only one time immediately retracing in the consolidation box with high volume. This indicates a stronger support there. Since beginning of June we now entered into a much smaller consolidation box (little green box) on the upper right corner of the bigger zone. Those multiple tests of the upper resistance and the share price remaining ever closer to resistance indicate an upward breakout.
If you’re a pre break-out trader you might want to jump in with a tight stop around 294. All others should wait for daily confirmation outside the box possible at 306.
Don’t forget earnings in August if you take the trade.
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Disclaimer & Disclosures pursuant to §34b WpHG
The trades shown here related to stocks, cryptos, commodities, ETFs and funds are always subject to risks. All texts as well as the notes and information do not constitute investment advice or recommendations. They have been taken from publicly available sources to the best of our knowledge and belief. All information provided (all thoughts, forecasts, comments, hints, advice, stop loss, take profit, etc.) are for educational and private entertainment purposes only.
Nevertheless, no liability can be assumed for the correctness in each individual case. Should visitors to this site adopt the content provided as their own or follow any advice given, they act on their own responsibility.
NATCOPHARM - Bullish Consolidation BreakoutNSE: NATCOPHARM is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
VGUARD - Bullish Consolidation with VolumesNSE: VGUARD is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
#rndr short RR 3similar to #joe short RR 10
bad momentum, currently does not have large sales to the north unless it breaks the current pattern. we want to see a consolidation to the downside in this currency.
LUXIND - Bullish Consolidation BreakoutNSE: LUXIND is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
IRCTC - Bullish Consolidation BreakoutNSE: IRCTC is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
ORLY Long on Consolidation Break-Out🐂 Trade Idea: Long
🔥 Account Risk: 1.00%
📈 Recommended Product: Knockout
🔍 Entry: +/- 922.00
🐿 DCA: No
😫 Stop-Loss: 877.99 (898.75 for aggressive trade)
🎯 Take-Profit #1: 977.59 (50%)
🎯 Take Profit #2: -
🎯 Trail Rest: Yes
🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨
If you like what you see don’t forget to leave a comment 💬 or smash that like ❤️ button!
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ORLY is in an overall uptrend and broke the consolidation trendline with a strong candle going into a bullish consolidation inside a small range. Entry should only be made if the daily candle remains outside the consolidation range (green box) today. If it falls back wait for another break-out and daily close.
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Disclaimer & Disclosures pursuant to §34b WpHG
The trades shown here related to stocks, cryptos, commodities, ETFs and funds are always subject to risks. All texts as well as the notes and information do not constitute investment advice or recommendations. They have been taken from publicly available sources to the best of our knowledge and belief. All information provided (all thoughts, forecasts, comments, hints, advice, stop loss, take profit, etc.) are for educational and private entertainment purposes only.
Nevertheless, no liability can be assumed for the correctness in each individual case. Should visitors to this site adopt the content provided as their own or follow any advice given, they act on their own responsibility.
$TGTX - Pullback and consolidationTop trading idea for next week(s)!
NASDAQ:TGTX already proved itself with a strong performance YTD of 125% (and 580% in a year).
The stock is in a clear stage 2 uptrend and is now consolidating in between the 21 day MA and 50 day EMA on lower volume (check weekly chart).
Has the fundamentals.
A few more days of tight consolidation or a quick retest of the 50 EMA would make it even a better setup and creates a launchpad.
Entry would be around 28.27
Stop breach of the 50 on high volume or a tight stop low of the day (when it breaks the pivot).
Enjoy next week!
Other similar ideas: NYSE:SKX , NASDAQ:WING and NASDAQ:ARCT
KALYANKJIL - Bullish Consolidation BreakoutNSE: KALYANKJIL is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
#analysis 104 - Sweeping with Exiting on SupplyWhile preparing the weekly report for the @DATraderAssociation at their platform DA Studio , I noticed a distinctive pattern developing in the lower range of the chart. Accompanied by decreasing trade volume, I made a strategic decision to invest in $BLUR via left-hand trading.
Fortuitously, following a brief period of market consolidation, the price of $BLUR began to rise. To secure a satisfactory profit margin, I reduced my position when the asset reached the supply zone. Subsequently, the price failed to achieve another peak, leading me to close out the remainder of my position.
XAUUSD Consolidation 07.06.2023Gold has settled near 1964 USD/oz and is now currently in a consolidation phase.
There are important support and resistance levels to consider.
Resistance: 1967 USD
Support: 1955
Breaking either of the levels above will push probably the price to the next designated green level.
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Navigating NVDA: A Potential Opportunity for Young InvestorsAs the world of technology continues to evolve at a rapid pace, few companies have captured the attention and imagination of investors quite like NVIDIA Corporation. Known for its groundbreaking innovations in the field of artificial intelligence (AI) and graphics processing, NVDA has experienced an impressive bullish run, leading to questions about its long-term potential. In this idea, we will explore the journey of NVDA, its recent price movements, and discuss why it might be an intriguing opportunity for young investors who are seeking to hold stocks for a few years.
Riding the AI Hype Cycle
NVDA's recent surge can be largely attributed to the AI hype cycle, as the company's technologies and products have become essential components in various AI applications. With a bullish breakout target initially set around $330, NVDA has already surpassed expectations , leaving many to wonder if there is still room for growth.
Analyzing the Price Action
To gain insights into NVDA's potential trajectory, it's essential to analyze its past price action. Back when the stock was trading closer to $180, I alerted to an inverted head and shoulders formation, indicating a confirmation for higher prices. Since then, NVDA's stock price has doubled, showing the strength of this formation. The consolidation period leading up to the breakout lasted approximately six months, while the breakout itself took around three months. These patterns indicate the potential for continued upward momentum.
Elliott Wave Analysis
Additionally, an Elliott Wave analysis was conducted, projecting an upside target for NVDA's wave 3. Remarkably, this target has already been surpassed, further supporting the case for continued growth. Following this analysis, the price action in late March and early April suggested the formation of a wave 4, potentially followed by a wave 5. If NVDA breaks above $420 in the short term, it could indicate a further extended upside target in the mid $500s .
The Importance of Patience
While the future looks promising for NVDA, it is crucial for young investors to exercise patience and understand the concept of market bubbles. Ideally, a retreat in NVDA's stock price over the coming months down to the $275 area could present an opportunity to enter the market. It's important to note that this anticipated pullback is a normal market occurrence and not a reason to panic.
Long-Term Vision
Drawing inspiration from Tesla's remarkable journey, it is conceivable that NVDA may experience a similar "bubble pop" phenomenon. In late 2024 or early 2025, NVDA could potentially reach prices as high as $1000-$1025. However, it is essential to approach such predictions with caution, as markets can remain irrational longer than expected.
A Word of Caution
When considering investment strategies, young investors should be mindful of the risks associated with options trading, particularly expensive, longer-dated options. It's crucial to thoroughly understand the intricacies of options before venturing into this market.
NVDA's remarkable performance, driven by the AI hype cycle, indicates significant potential for long-term growth. Young investors who are willing to hold stocks for an extended period should consider NVDA as a potential addition to their investment portfolios. Remember to exercise patience, monitor the market trends, and stay informed about the risks associated with investment decisions. By doing so, you can position yourself for potential success in the dynamic world of NVDA and the broader technology sector.
ACI - Bullish Consolidation BreakoutNSE: ACI is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade