BINANCE:FILUSDT - Double is the best for LONG entry ---------------------------------------------------------------
Description
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+ FIL has recently formed a notable double bottom pattern.
+ Overall, FIL exhibits strong bullish sentiment, with the next target projected at 8.115.
+ This rebound from support suggests a promising trend ahead.
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VectorAlgo Trade Details
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Entry Price: 5.399
Stop Loss: 4.630
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Targets 1: 5.894
Targets 2: 6.481
Targets 3: 7.193
Targets 4: 8.115
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Timeframe: 1D
Capital: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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Agree or Disagree with the ideas ? lets discuss in the comments.
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Regards
VectorAlgo
Pattern
ORDI Dump is Over, Pump is Incoming 🎁#ORDI/USDT Analysis
Description
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+ ORDI is clearly around the support zone, i see two support zone for the ORDI to bounce back from
+ 1st Support is around 59.794 and second one is around 56.266 I'm expecting the ORDI to bounce back between these two support zones
+ If the this support range breaks then we are looking at further crash and consolidation around the are 48.89
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VectorAlgo Trade Details
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Entry Price: 59.7998 (After bounce back)
Stop Loss: 54.73
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Target 1: 64.17
Target 2: 67.87
Target 3: 73.394
Target 4: 79.59
Target 5: 86.34
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Timeframe: 4H
Capital: 1-2% of trading capital
Leverage: 5-20x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
STG - PUMP or DUMP - We are ready with our entries 👻#STG/USDT Analysis
Description
- STG has formed a nice descending triangle and currently in decision phase of whether this will breakout upwards or downwards.
- No matter in which direction the price breaks the triangle I see a good trade opportunity.
- If the price breaks above the resistance line then we can enter a LONG trade around 0.6593
- If the price breaks below the support line then we can enter a SHORT position around 0.6200
LONG Entry: 0.6593 | StopLoss: 0.6200 | Target 1:0.6807 , Target 2: 0.7197
SHORT Entry: 0.6200 | StopLoss: 0.6593 | Target 1: 0.6015, Target 2: 0.5660
Timeframe: 4H
Capital: 1-2% of trading capital
Leverage: 5-20x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
OP - Breakout waiting to happenBINANCE:OPUSDT (1DH CHART) Technical Analysis Update
OP is currently trading at $3.777 and showing overall bullish sentiment and waiting to breakout from the resistance zone.
Breakout from the resistance zone will definitely fuel to bull run of the OP. OP is also one of the fundamentally strong coin so we cannot go wrong with the LONG entry for this coin while we wait for bull run continue.
Entry level: $ 4.292 (candle close above this)
Stop loss level: $ 3.697
Target 1: $ 4.597
Target 2: $ 5.061
Target 3: $ 5.571
Target 4: $ 6.610
Target 5: 6.792
Max Leverage: 2x
Don't forget to keep stop loss.
Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
Cheers
GreenCrypto
Microsoft Replicating 1987 SPX ChartSince Microsoft bought ChatGPT back in March 2023, the price of NASDAQ:MSFT stock has gone on to replicate the same pattern as the 1987 S&P500 stock market rally.
Does it mean anything all by itself? No. It still needs a catalyst for the drop to happen. The 1987 stock market crash had many triggers and catalysts and the drop was a sharp 40% from August 28th, 1987 to October 19th 1987.
What would cause a sharp 40% drop in NASDAQ:MSFT ? You all could type in your guess in a reply to this chart. It could come about under a variety of situations, but it would take an act of Government regulation or a major sea-change in laws or the business environment.
When you see people posting "overlays" of the market to past debacles, you will find almost NONE of them work.
Last year in January I posted a pattern where NASDAQ:TSLA was mimicking the fundamental and technical price pattern that NYSE:MCD McDonalds had from over a decade ago when it fell 75% on a rough patch for its business. It turned out to be identical and NASDAQ:TSLA rallied over 150% last year just exactly the same as happened to $MCD. I'll post the link down below for you to view.
The overlay here between NASDAQ:MSFT and the 1987 SP:SPX is pretty amazing but we have no catalysts to make it drop. Stay tuned on any weakness and look for cheap hedges (long term puts out to July-Oct-Dec for this year). Don't spend more than 1% of an account to hedge a position, but if you hedge it correctly you can protect against a large decline without much cost to a portfolio.
Here's hoping this pattern doesn't 'pan-out' because it would be or could be very disruptive to the markets.
Wishing you all health and success in the markets this year and thanks to TradingView for all of the great tools for doing research!
Cheers,
Tim
Friday, February 23, 2024 8:59PM EST
CRUDE OIL Potential Short! Sell!
Hello,Traders!
CRUDE OIL has formed a
Bearish wedge pattern
And is now trying to
Make a bearish breakout
So we are bearish baised
And IF the breakout is confirmed
Then we can go short
Sell!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
Why +208% on TRX is an underestimation ?#TRX/USDT Analysis
Description
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+ TRX has been moving upwards slowly while forming the cup pattern.
+ This slow move of the TRX has given it enough time for the accumulation
+ Once the price breaks this resistance line i'm expecting back to back God Candles.
+ This is a good opportunity to enter a LONG position with TRX.
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VectorAlgo Trade Details
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Entry Price: 0.13866
Stop Loss: Below 0.09780
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Target 1: 0.17930
Target 2: 0.22480
Target 3: 0.30028
Target 4: 0.43250
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Timeframe: 1W
Capital: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
ADAUSDTAm I the only one who finds it attractive?
Or do you think it's attractive too!!?
My opinion for the rise is strengthened only by the consumption of the $0.5402 resistance range.
The $0.4745 range is low risk. But we have to see if the resistance range will be broken first
what do you think!?
Jubilant Ingrevia : Potential Multibagger !!Jubilant Ingrevia Near 3 year support !!
Jubilant Ingrevia has support working from lasr 3 years.
Support level is around 400
Also one more falling channel is working in the stock.
If volatility comes then we can see falling channel support which is around 290- 300 levels.
That would be the BEST BUY levels !!
Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
🔥 Bitcoin Losing Strength? My Perfect Entry!Let me preface that this analysis is not a prediction of bearish price action. My short-term bias is still bullish and I wouldn't be surprised if we make a new ATH before the halving.
That being said, I can very well be wrong on my bullish bias. Trading consists of IF>THEN. IF Bitcoin loses the uptrend, THEN we wait for the price to reach the bottom support of the channel.
We can also see a clear bearish divergence on the 3D chart (at the moment). Bears will be happy to see it, but I doubt it will post a long-term threat to the bulls.
Better be prepared in case things go south.
ADANI POWER, LONGAbove shown chart is of ADANI POWER, in Daily Time Frame.
This script has been found making Ascending Triangular Pattern.
Reasons, I love this Pattern :
3 supports on the lower trend line;
3 resistances on the upper trend line;
This pattern is made near All Time High zone;
Convergence of 21 & 50 Moving Averages;
Matches with current popular theme
One reason, I want to mention separately is, Volumes.
If you look at Volumes closely .. on 28 Nov '23, when the breakout happened, there was a huge spurt of volume. After a little consolidation, another huge green Candle with huge Volume bar. This shows the interest of the Bulls.
But what happened next is more interesting, the Price moved in a range for more than 8 weeks, with minimum volumes happening !
So, these are all the reasons why I'm liking this pattern.
Now, coming to Planning to our Trade.
Entry : a good entry point will be the Monday's candle. If it forms within, 570 - 580 price range.
Stop Loss : There are two lines, one green and one red. The green one I made, so that, if price goes below this .. we should be cautious now, for that you can set Trading view's alert feature. The red one is for, completely exiting the position, if price goes below that.
Exit : As usual, I'll leave this to individual's risk appetite and their comfort zones.
I recommend you all, reading this, to take PAPER TRADE in this script. You should trade by making your own setups .. take, what I shared with you, as an IDEA.
Let's see, how it goes.
Thank you .
Bitcoin: Fake Out Signal - Watch Out Bears!Bitcoin has been trading within a well-defined range since a week. A few days ago, the range has set a clear low around 50.600$. My expectation is, in case the yellow support area will fail, that BTC will make a fake out to trick the bears.
Longer-term time frames are still overly bullish, so the path of least resistance is up at this point. Ideally, we will see an hourly oversold reading on the RSI, which would further strengthen the bullish fake-out case.
PEL : Biggest Breakout of 4 month Piramal Enterprises has formed Descending Triangle pattern
Stock has given huge breakout around 930 levels
Target would be around 1150-1100
850 is Strong support for long term
If we correct then prices may take support around 850 levels.
Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
BINANCE:SC/USDT - Channel Breakout | LONG Opportunity---------------------------------------------------------------
Description
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+ A Channel formed after sudden crash
+ Price is consolidating in this range.
+ Since overall market is bullish, expect price to breakout upward
+ A LONG opportunity we have for high risk trade.
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VectorAlgo Trade Details
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Entry Price: 0.008655 - 0.008734
Stop Loss: 0.008095
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Targets 1: 0.009228
Targets 2: 0.009770
Targets 3: 0.010431
Targets 4: 0.011267
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Timeframe:
Capital: 1-2% of trading capital
Leverage: 5-10x
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Note: Don't forget to keep the stop-loss.
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Agree or Disagree with the ideas ? lets discuss in the comments.
Like and follow us for more ideas.
Regards
VectorAlgo
ONT/USDT - Continuation of the Pump 🫰#ONT/USDT Analysis
Description
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+ ONT is currently on the bullish trend and just hit the resistance line around 0.2631 range
+ I personally don't think this is a major resistance and we can expect the price to break this resistance and continue the bullish trend
+ Lets get a clear confirmation for the trend so i have added entry price above the resistance. This will give a confirmed trend.
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VectorAlgo Trade Details
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Entry Price: 0.2665
Stop Loss: 0.2306
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Targets 1: 0.2784
Targets 2: 0.2983
Targets 3: 0.3311
Targets 4: 0.3699
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Timeframe: 4H
Capital: 1-2% of trading capital
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Agree or Disagree with the ideas ? lets discuss in the comments.
Like and follow us for more ideas.
Regards
VectorAlgo
🔥 How To Time The Market: Become Rich With Ethereum!In this analysis I want to discuss a way to time the market. Or more precise: to time the next ETH market bottom.
We don't have a lot of trading data to look at, but we have 2 instances where this strategy has worked. The strategy is simple: buy Ethereum once the weekly RSI is below 30 and enjoy the ride.
Every single time that ETH has reached oversold, this was the bear-market bottom for the cycle and ETH pumped.
Make your life easier and put an alert on your chart. Might take a few years for the alert to hit, but at least you're going to be prepared.
Next time you will actually buy the bottom instead of selling it with this simple trick.
ZEEL : Bottom is MakingZEEL is around Long term Support
Support zone is around 130-150
And Stock is also making falling channel on a weekly timeframe.
Falling channel support is around 130-150
If we connect the dots we can see 1301-50 is the strong support zone.
We can expect price to bounce 150-200% from current prices.
Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
🔥 ICP Next Bull-Run's BEST Comeback Trade: Short Squeeze?With BTC reaching above 50k, ICP confirmed a weekly bull-flag and has now made a higher-low above the Summer-2022 highs, confirming a long-term trend shift.
In this analysis I want to talk about potentially the best trade that you can make in the coming bull-cycle. ICP could be making a massive comeback and go back to the ATH values of around 2500$.
Think about it, with the power of social media and influencers, helped by relentless shorting, ICP could be entering some kind of short-squeeze scenario where massive gains can be realized in a short period of time.
Be aware: this is a risky trade with a small chance of success. Still, the potential pay-off makes up for the potential loss.
Happy to hear your thoughts 🙏
The weekly on btcusd.The weekly close that the price has drawn is a good signal given that it closed above the previous high made with a shooting star, therefore the short-term retracement is over and we could see weekly candles of +10%. The market here is cleaning up some excess due to the rise and break of the previous highs at 49k USD, therefore in the short term or rather very short term. After breaking an important level such as the 45/49k USD area, the price here is telling us that it has bullish intentions, there is no doubt, the strength is there, the volatility is evident, what else is needed? We are in a moment that seems like the prelude to a bullish explosion, I do not exclude that the price could also catch its breath a little in the short term given the ride of the last 20 days.