Get started

Longterm

DOT is approaching a potential rebound zoneHello everyone, I invite you to review the chart of DOT in pair with USDT, looking at the one-month interval. We can start by identifying the main downtrend line that the price is currently below. Going further, you can see that we are approaching a very important support zone marked with a red rectangle. In this situation, it will be important to maintain the price in this zone, because it may be a good place for accumulation and a change of direction. However, looking the other way, we can identify four places of resistance that the price will have to face before it moves towards a new high.
Long
by cryptodailyuk
Exxon Mobile (XOM): Awaiting Long Term Entry at $65Our group has recently revisited Exxon Mobil Corporation (XOM), and while there hasn't been much change, it's worth reassessing. The stock has entered the zone between 100% and 138%, which we identify as the level for Wave A and has respected this level. Long-Term Outlook: We anticipate a significant downward movement over the long term, potentially reaching the $65 level. This is where we plan to make substantial long-term purchases. The range between $65.50 and $64.40 has been consistently respected, reinforcing our strategy to wait for these levels before entering the market heavily. Short-Term Outlook: In the short term, Exxon has been trading within a range for nearly a year and a half. It briefly broke below this range to complete the larger Wave (A)and then broke above it to finish the sub-wave A. We are now entering a potential Wave B zone. Current Strategy: - Long-Term: We are waiting for the price to drop to the $65 range before making significant purchases. - Short-Term: We are monitoring the $104 to $100 zone, which looks attractive for a potential reversal. However, given the risk, we are not placing any entries yet and will wait to observe the market's reaction.
NYSE:XOMLong
by freeguy_by_wmc
Bitcoin - Keeping It Simple!Hello TradingView Family / Fellow Traders, 📦 After rejecting the $70,000 - $72,000 resistance zone, BTC has been hovering within a narrow range during a correction phase. 📈 For this impulse phase from $20,000 to persist and push towards the next resistance at $80,000, a break above the $72,000 mark is needed. 📉 In parallel, if the $60,000 support is broken downward, we expect an over-extended bearish correction towards the $50,000 - $52,000 support zone. Which scenario is more likely to happen first, and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
10
OMNI ANALYSIS🔮#OMNI Analysis : 📈📈 #OMNI is making perfect Double Bottom Pattern. We can see a good pump if #OMNI breakout the trendline with good volume and sustains the higher price after breakout 🚀🚀 📊 Current Price: $18.40 ⏳ Target Price:   $28.85 ⁉️ What to do? - We can trade according to the chart and make some profits in #OMNI. Keep your eyes on the chart, observe trading volume and stay accustom to market moves.💲💲 #OMNI  #Cryptocurrency  #Pump #DYOR #Breakout
Long
by ZEUS_Market_Alerts
Do you have the KEY?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 KEY has been overall bullish , trading within the rising channel in blue. Currently, KEY is undergoing a correction phase and it is currently approaching the lower bound of the channel. Moreover, it is retesting a strong demand zone marked in green. 🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green demand zone and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As #KEY approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
K
by TheSignalyst
4
ETH - Bow and Arrow Trade!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 ETH has been overall bullish, trading above the rising trendline marked in blue. After rejecting the $4,000 - $4,100 resistance zone, ETH is undergoing a correction phase and it is currently hovering around the $3,500 round number. If the $3,500 is broken downward, a deeper bearish correction towards the $3,100 demand zone would be expected. 🏹 The highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green demand zone and blue trendline acting as a non-horizontal support. 📚 As per my trading style: As ETH approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
5
BTC => ActionHello TradingView Family / Fellow Traders, As per my last analysis, BTC rejected the $70,000 - $72,000 resistance zone and is currently trading lower. What's next? Scenarios: 1️⃣ Bullish - Continuation For the bulls to maintain control, a break above the $72,000 resistance is needed. In this case, a movement towards the $80,000 resistance would be expected. 2️⃣ Bearish - Correction In parallel, if the last low marked in red is broken downward, we expect the bearish correction to start leading to a movement towards $60,000. Which scenario is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
2
AUDNZD - Wait For The Next Bearish Impulse!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 AUDNZD has been overall bearish , trading within the falling wedge in red. Currently, AUDNZD is undergoing a correction phase and it is currently approaching the upper bound of the wedge. Moreover, it is retesting strong supply zone marked in green. 🏹 Thus, the highlighted red circle is a strong area to look for trend-following sell setups as it is the intersection of the green supply zone and upper red trendline acting as a non-horizontal resistance. 📚 As per my trading style: As #AUDNZD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
2
The Wick Phenomenon: How and Why Big Wicks Get FilledIn trading, wicks on candlestick charts represent the highest and lowest prices during a given time period. Long wicks can often be seen as a sign of market indecision, but they also tend to get filled by subsequent price action. This phenomenon occurs frequently and can provide valuable insights for traders looking to capitalize on price movements. In this article, we’ll explore how and why big wicks get filled through practical examples. Understanding Wicks and Their Significance Wicks, also known as shadows, appear on candlestick charts when the price moves significantly above or below the opening and closing prices within a specific time frame. A long upper wick indicates that prices were pushed up but then fell back down before the close, showing selling pressure. Conversely, a long lower wick suggests that prices were driven down but then recovered before the close, indicating buying pressure. Usually, at least 50% of the wick will be filled, and sometimes the entire wick will get filled before the reversal happens. Why Do Wicks Get Filled? 1️⃣Market Psychology: Traders often see long wicks as areas of interest. For instance, if the price reaches a high but then falls, traders might anticipate a retest of that high. 2️⃣Liquidity Zones: Long wicks indicate areas where a lot of trading activity took place. These areas are often revisited as the market seeks liquidity. 3️⃣Mean Reversion: Prices tend to revert to their mean over time. A wick can be seen as a deviation from the mean, and the subsequent filling of the wick is part of the reversion process. How To Trade It? It all depends on your trading plan. Here are some options: Aggressive traders can buy/sell immediately after the wick has been formed. Semi-conservative traders can look for a reversal pattern on a lower timeframe to confirm it. Extra conservative traders can wait for the candle with the wick to be broken from the other side before entering. Additionally, considering more confluences like key levels, market structure, and the overall trend will give you a better edge. Why Now? You might be wondering why I am posting this article now. As you may have noticed, we had a dip yesterday, giving us a practical example on many altcoins and stocks. For this example, I have chosen DOGE, 4H chart. I hope you like the content and found it useful. Are you taking wicks into consideration in your trading plan? If yes, how? If not, why? What would you like me to discuss next? Always remember: 📚 All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
28
Tech M : Updated Price Action- We posted the initial analysis of Tech M on March 5th, 2023 which can be accessed below. - Given that the price action changed with time, we decided to post the updated price action for the ease of our followers - The chart is pretty self-explanatory - The Price action is similar to that of NSE:WIPRO . The price consolidated for over a year and finally gave a good breakout. - Follow the comments below for regular updates on future price action 👇 - The Indian IT sector too is approaching its critical resistance for the third time. - Looks like we may see some good momentum in the IT Space. What do you think? - We appreciate your support! If you liked our analysis, Do give us a 🚀 ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
NSE:TECHMLong
by TheChartereds
3
BTC - Short-term View! Update...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈As per my last analysis, attached on the chart, BTC rejected the blue circle and traded higher. What's next? 🏹 For the bulls to maintain control, and take over from a long-term perspective, a break above the $72,000 resistance is needed. In parallel, if the lower blue trendline is broken downward, a bearish correction would be expected. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
3
BTC - Short-term View!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 BTC has been overall bullish, trading within the rising channel in blue. Currently, BTC is undergoing a correction phase and it is currently approaching the lower bound of the channel. Moreover, it is retesting a structure and trendline in red. 🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the red structure and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As long as the red support zone holds, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
4
B.L Kashyap & Sons Increasing Strength Can Be Held For Long-TermB.L.Kashyap & Sons Ltd is an EPC company engaged in the business of Construction of Buildings High-Rise Residential and Commercial Complexes, IT Parks, Institutional Buildings. Total: 1,733.68 Cr Order value Company has delivered good profit growth of 71.0% CAGR over last 5 years Projects • More than three decades of rich expertise. • Completed 250 + projects and more than 140 million sq. ft. Design Build Projects • National High-Speed Railways • Sabarmati Station • DLF Downtown • Embassy Flipkart • Redevelopment of Gomti Nagar Station • Hero Honda Motor Plant • Jaipur & Chennai Metro Company coming out of CDR – Moving towards Zero Debt • In the light of global meltdown during 2010 -13 operations of BLK were impacted resulting in stress on the company • BLK entered CDR in 2014 • Currently the company has no long-term debt and has pared its consolidated debt. • Reduction of Debt from 700 to ~ 270 • Currently the company only has CC and BG limits De-risking business model – Residential to Commercial & Governmen • Company has been awarded total orders during financial year 2022-23 to the tune of Rs. 818.9 Cr • The order book closed at Rs. 2402 crore for the year ended March 31, 2023 • Orders worth approx. INR 658 crore and INR 247 crore awarded during the first and second quarter of FY2023 - 24 • Ending 30th June 2023 and the order book stood at approx. Rs. 2838 cr. • Total Order Book stands at Rs. 3005 Cr as of September 2023 • During the quarter, orders were received across multiple segments like railways, business parks, educational institutions, and residential complex Growth driven to Profitability focus • The company has planned capex of approximately INR 25 crores during FY24. Capex for FY22 and FY23 was Rs. 8 Cr and Rs. 19 Cr respectively • BLK is looking at increasing its footprint in the infrastructure space related to its core business, which is high quality structures and their associated works.
NSE:BLKASHYAPLong
by iism-ExpertTrading