MSFT - Why I took swing calls overnight -how I predicted the gapSupport by an algo leads to resistance by that algo. In this case, we were no longer supported by teal selling but rather by HTF buying continuation. You could see that in order to finally break out of the tapered teal selling, we needed for price to build liquidity until it could activate our HTF buying continuation algos.
More analysis like this to come! Stay tuned!
Happy Trading :)
Support
GOLD Key Level Ahead! Buy!
Hello,Traders!
GOLD is finally making
A long awaited bearish
Correction after an unprecedented
Surge but a strong key level
Of the previous all-time-high
Around 2148$ is ahead and
After the price retests the level
I will be expecting a local
Bullish rebound
Buy!
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XRP - Support is holding strong, Only way is UP BINANCE:XRPUSDT (1W CHART) Technical Analysis Update
XRP is currently trading at $0.6642 and showing overall bullish sentiment after holding the support strong for more than an year.
Price is respecting it's well established support zone and currently we can see price breaking out from the triangle pattern. This is a clear confirmation that xrp is finally showing some momentum after being at the same price for around 2 years.
We
Entry level: $ 0.6875
Stop Loss Level: $ 0.4831
TakeProfit 1: $ 0.7688
TakeProfit 2: $ 0.9304
TakeProfit 3: $ 1.099
TakeProfit 4: $ 1.499
TakeProfit 5: $ 1.900
Max Leverage: 2x or Spot market
Don't forget to keep stop loss.
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Cheers
GreenCrypto
SWING IDEA - GSFCGujarat State Fertilizers & Chemicals Limited (GSFC) , a stalwart in the fertilizers and chemicals industry, is renowned for its innovative products and steadfast commitment to agricultural sustainability, making it a compelling candidate for swing trading enthusiasts seeking opportunities backed by solid fundamentals.
Reasons are listed below :
After breaking out from the crucial 210 level, GSFC is now retesting it, indicating potential support-turned-resistance dynamics which could signal further upward momentum upon confirmation.
The price action aligns closely with the 0.618 Fibonacci level, adding significant support to the bullish bias and enhancing the probability of a continuation of the uptrend.
The 200-day Exponential Moving Average (EMA) on the daily timeframe provides additional support to GSFC's price action, further reinforcing the bullish outlook and suggesting potential for sustained upward movement.
Target - 245 // 273 // 317
Stoploss - daily close below 205
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SAVMUSDT Primed for Breakout: All-Time High Incoming?SAVMUSDT is on the verge of a significant breakout, with its sights set on a key resistance level at $12.268. This potential breakout coincides with the upcoming launch of the SatoshiVM mainnet alpha on Friday, March 15th
Technical Analysis:
Resistance: $12.268
Support: $10.666 (Weekly R2)
Dow Theory: Confirmation of Uptrend
Key Observations:
SAVMUSDT is exhibiting bullish momentum, with the price poised to break above a critical resistance level. A successful breakout could lead to a new all-time high.
The launch of the SatoshiVM mainnet alpha this Friday adds a fundamental catalyst to the potential price surge.
Applying Dow Theory principles, the recent price action suggests confirmation of an uptrend. We can see this through the establishment of a new higher high and the previous high acting as support after being broken. These key resistance zones are also aligned with the weekly and monthly resistance levels on the chart.
If the price faces rejection at the new high, it may find support at $10.666, which coincides with the weekly second resistance level (R2).
A breakout above the current resistance could lead to further gains.
Conclusion:
The upcoming price action for SAVMUSDT is highly anticipated. A breakout above $12.268, coupled with the launch of the mainnet alpha, could propel the price towards a new all-time high. However, if the price encounters resistance, the $10.666 support level could provide a buffer.
This information is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
Support lines in $NVDAMy view of NASDAQ:NVDA support lines.
When looking at the support lines in NASDAQ:NVDA , I think of them in three tiers of defence:
The first line of defence: If the market holds this line, it's likely just a minor correction in the overall trend. In this case, it's recommended to buy the dip.
The second line of defence: If the market holds this line, it may take a bit longer for the correction to occur, but it's still considered a minor correction. Again, buying the dip is recommended.
The third line of defence: This is the last line of support. If the market breaks this line, it's a sign that the trend is changing. For those who follow Elliott wave theory, this would mean that a 5 waves impulse up is done. For other technical analysts, stage 3 has begun.
If you want to know more about my strategy, follow me.
Legal Disclaimer: The information presented in this analysis is solely for informational and educational purposes only and does not serve as financial advice.
BTC/USDT 1H Targets and Stop-lossHello everyone, let's look at the 1H BTC to USDT chart, as we can see, the price remains on the local upward trend line, breaking it may result in a greater recovery.
Let's start by setting goals for the near future, which include:
T1 = $73,206
AND
T2 = $76955
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $71,350
SL2 = $70,435
SL3 = $69,812
AND
SL4 = $68993
Looking at the RSI indicator, we see that we have approached the trend line again and there is plenty of room for a rebound. However, the STOCH indicator also indicates a transition into recovery with room for a larger correction.
BNB/USDT 4HInterval Support and ResistanceHello everyone, let's look at the 4H BNB to USDT chart as we can see that the price has broken out of the local uptrend line.
Let's start by setting goals for the near future that we can include:
T1 = $575
T2 = $618
T3 = $649
AND
T4 = $689
Now let's move on to the stop-loss in case of further market declines:
SL1 = $512
SL2 = $484 - $469
AND
SL3 = $425
Looking at the RSI indicator, we can see that we have again approached the downward trend line and there is still a lot of room for recovery, while the STOCH indicator, despite the current rebound, also has a lot of room for recovery.
Make America Great Again Bullish OutlookLet's MAGA guys.
BITMART:MAGAUSDT is in a good buying zone + that gap is delicious.
TP: 0,0000000267
SL: 0,0000000022
Bandhan Bank can give 100% returns !!Bandhan Bank has not given nay returns since IPO
Currently Bandhan Bank is at 52 week Low
Stock is around the support working from 2020
We might see volatility till 170 but overall strong support is 170-190 level
If stock don't Breaks 170 level then we can see 80-100% upside from these levels.
Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
ADAUSDTADAUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH.
What you guys think of this idea?
Decred: Bullish Breakout Imminent?Considering the prevailing bullish sentiment in the market and the pattern observed on other cryptocurrencies throughout the crypto sphere that have broken out of a prolonged accumulation phase, it can be expected that DCR will eventually follow the general trend and repeat the pattern that we have already seen on many other coins.
Decred has been facing resistance at the $18.3 level since May 2023, but recent price action on the 1-hour and 4-hour timeframes indicates a breakout and retest above this level.
The next significant level to watch is $21.4, which has historically been a key support/resistance level for Decred. While there are signs of weakness on the 1-hour timeframe, such as candles with long shadows that could provoke short positions, there is still no confirmation of a breakdown in the upward structure. The 1-week candle seems strong, and the overall asset shows significant buying volume. This indicates that Decred may be able to consolidate above $21.4 and keep moving upwards successfully.
A breakout and consolidation above $21.4 could lead to increased volatility and larger price swings on higher timeframes, with potential profit-taking zones and resistance levels at $50, $67, and $85. Additionally, the February 2023 high of $28.52 may also present a next strong resistance level in the short-term future.
MINAUSDT Faces Resistance Hurdle: Breakout or Bearish DivergenceMINAUSDT is encountering a critical resistance level of $1.5484 on the weekly chart. This is the third attempt to break through this level in the daily timeframe.
Technical Analysis:
Resistance: $1.5484 (Weekly)
Support: $1.0113 (Weekly)
Relative Strength Index (RSI): Supported at 50, Bearish Divergence
Key Observations:
MINAUSDT is facing a significant hurdle at a key weekly resistance level. A breakout above this level could signal further upward momentum.
The repeated attempts to break resistance on the daily chart suggest persistent buying pressure.
The RSI is currently at a neutral level (around 50), but there is a potential bearish divergence. This means that the price is making higher highs, but the RSI is not confirming this move by making higher highs itself. This could indicate weakening momentum despite the buying pressure.
If the price cannot overcome resistance, it could find support at $1.0113 on the weekly chart, potentially establishing a trading range between these two levels.
A successful breakout above resistance could lead to further gains towards the next daily resistance level at $2.0344.
Conclusion:
The upcoming price action for MINAUSDT will be crucial. Overcoming the weekly resistance with strong confirmation from the RSI is key for a sustained uptrend. However, the bearish divergence on the RSI suggests a potential for a pullback if the price fails to break through.
This information is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
BTC/USDT 1H Targets and Stop-lossHello everyone, let's look at the 1H BTC to USDT chart as we can see that the price is moving below the local downtrend line.
Let's start by setting goals for the near future that we can include:
T1 = $69,694
T2 = $69,974
AND
T3 = $70,333
Now let's move on to the stop-loss in case of further market declines:
SL1 = $69,278
SL2 = $69,014
AND
SL3 = $68,554
Looking at the RSI indicator and the STOCH indicator, it is clear that there is still room for a continuation of the recovery.
TOTAL3 Bullish OutlookAfter the previous CRYPTOCAP:TOTAL3 idea of mine invalidated (price breaks the consolidation area), Altcoin is ready to launch massively in 2024 bullrun.
Inverted Head & Shoulder spotted in weekly timeframe, this is also the case for CRYPTOCAP:TOTALDEFI . My target is the resistance area around 660B-740B. Bitcoin dominance is also about to go down (will update more about this soon) so altcoin season is very close.
FTNT: Dark Pool Buy Zone SupportNASDAQ:FTNT is a good example of a stock that had a big gap down that immediately filled due to falling below its fundamental level and a Dark Pool Buy Zone.
This and the sideways trading range developing on the long-term trend creates strong support for weathering any sympathy moves from other cybersecurity stocks that have been over-speculated.
Sideways action is likely to continue for a time, but AI-driven cybersecurity will only become more important in the years ahead and this stock is still at a decent price.
TSLA - There is a clear story to this chart. Here's what we needAlways tell a HTF story of the charts before getting bogged down in LTF chaos. These HTF algorithms control price.
Clear what we need to look out for on this TSLA chart - Yellow strong algorithm needs to activate to take us out of magenta and teal strong selling.
Fortunately for me, you can't laugh at this. These are the same algorithms proving themselves over and over again for years. Do this same thing on the hourly chart for more detail and you will be able to work yourself into many profitable positions and understand how price is reacting to and from these HTF algorithms.
Cheers to more knowledge, more profits, and to building a strong community in which we can all find consistency in our own styles of trading.
Happy Trading :)
BTC - Tell me what is next ? Breakout OR Rejection ? #BTC/USDT #Analysis
Description
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+ As depicted in the chart, BTC is currently at a crucial juncture, trading near the all-time high (ATH) range on the monthly chart.
+ This pivotal moment will determine Bitcoin's trajectory, as a breakout could propel it to new ATH levels, aligning with expectations and historical Bitcoin halving cycles.
+ In the event of a rejection, the next support level is anticipated around the 47K range. However, the possibility of a breach below this support, leading to a target of 30K, seems less likely.
+ Personally, I maintain an optimistic outlook on a price breakout. I anticipate Bitcoin to consolidate near the ATH range, paving the way for a smooth ascent once the ATH barrier is breached.
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Enhance, Trade, Grow
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VectorAlgo
🐕 DOGE: Meme Coin Momentum! 🚀📈
📊 Analysis:
Meme Coin Movement: DOGE has experienced movement, but there might be potential for increased momentum.
Current Position: DOGE is currently at support, providing a potential long trade opportunity.
Entry Strategy: Consider laddering into a spot trade within the $0.145 - $0.16 support area.
Profit Targets: Potential profits at $0.18 - $0.205 or $0.30 - $0.34.
Stop Loss: Set just below $0.1373 for risk management.
🌐 Note: Monitor DOGE's price action closely for confirmation and adjust your strategy accordingly.
INJUSDT Poised at All-Time High: Breakout or Breakdown LoomsINJUSDT is on the verge of a critical juncture, approaching its all-time high of $43.35 on the daily chart. The price has been consolidating recently, attempting to break above this resistance level four times.
Technical Analysis:
Resistance: $43.35 (All-Time High)
Support: $32.23
Relative Strength Index (RSI): Supported at 50
Volume: Increasing volume coincides with attempts to break resistance
Key Observations:
INJUSDT is facing a significant hurdle at its all-time high. A breakout above this level could signal further upward momentum.
The price has been consolidating recently, suggesting a potential period of indecision before the next directional move.
The RSI remains at a neutral level (around 50), offering no clear directional bias.
Increasing volume during the recent price attempts at the resistance level indicates strong buying pressure, potentially aiding a breakout.
If the price fails to break above resistance, it could find support at $32.23.
Conclusion:
The upcoming move for INJUSDT hinges on its ability to overcome the all-time high resistance level. A successful breakout could lead to further gains, while a rejection might trigger a pullback towards the $32.23 support level.
This information is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.