Tradingview
"Fantom Hit $1 Six Months Ago" (Read More)This is one of the cryptos to keep an eye out for
as I was looking for a crypto to recommend
I came across this one crypto BINANCE:FTMUSDT
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Now according to an article
written by Be(in)Crypto, Fantom Rallies 68%
in 30 Days, But the path to $1 Remains Unclear, October 8, 2024
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These are the 3 points I gathered from this article:
Fantom hit $1 6 months ago
On September phantom price hit $0.71
In a bearish scenario, fantom could crash to $0.5
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To read more check it out on the breaking news
tab on trading view.
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Right now bitcoin INDEX:BTCUSD is on fire
as we approach the US presidential elections.
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To learn more Rocket Boost this content
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Disclaimer:Trading is risky please learn
risk management and
profit taking strategies.
KO Stock: The Rocket Booster Strategy In 3 StepsWould you wait for 3 months in order to take profit?
Thats the biggest challenge am facing
with my trading systems
-
I would love to make money within 7 days, or 1 day..
but that's the reality of the trading systems
am designing
These picks are not day trading stocks
they are more like investment strategies.
Whether that's a good thing or not
am not sure but that's what I have and
its very hard because online you will find people
selling day trading gains
that's okay am not hating.Its just that I wish
I had learned a day trading system
The advantage of investing is that
its slow and more reliable also its safer.
Look at this chart NYSE:KO
its following the next 3 steps:
#1-The price is above the 50 EMA
#2-The price is above the 200 EMA
#3-The price is in an uptrend
These 3 steps are called the rocket booster strategy
used for trend analysis
also, notice below that the MACD indicator is about to give
you a buy signal.
Rocket boost this content to learn more.
Disclaimer: Trading is risky you will lose money
Whether you like it or not
please learn risk management and profit taking strategies.
The #1 Reason Apple Stock Should Be On Your WatchlistForming the top 13 iron watchlist, was one of the
most important things I did as a trader in the
financial markets.
-
When I began to look for a strategy
I wanted a strategy that would reduce my trading stress
and make my life easy.It was because of this that's
why I formed the "Top 13 Iron Watchlist"
This is why on the 2nd Of November am
going to reveal the Price Update of the Top 13 Iron Watchlist
Meanwhile let me share with you
the rocket booster strategy:
#1-The price has to be above the 50 EMA
#2-The price has to be above the 200 EMA
#3-The price has to gap up in a trend
If you look at this stock NASDAQ:AAPL
You will see this strategy in effect on it.
The benefits of this strategy is that
you can see the uptrend of the price you
are trading.
Remember to rocket boost this content to learn more.
Disclaimer:Trading is risky, you will lose money
wether you like it or not
please learn risk management
and profit taking strategies.
REVEALED: "Top 13 Iron Watchlst" [LEARN MORE]Finally, you will see the top 13 Iron watchlist
In this video, you will see
->Correlations
-> High-performance Prices
->The #1 Commodity such as TVC:SILVER
Watch it right now to learn more
Also, rocket boost this content to learn more
Disclaimer: Trading is risky you will lose
money whether you like it or not
please learn risk management
and profit-taking strategies.
BTC Breakout Alert: Weekly Close Could Ignite Rally! 🚨 #BTC is on the verge of breaking out of long-term resistance! 📈
If this week's candle closes as it is, we could see a strong upward move. 🟢
Current price: $68,714.9 (+9.35%)
Keep an eye on the weekly close for confirmation! 👀🔥
#Bitcoin #Crypto CRYPTOCAP:BTC
GOLD - where is support now? Holds or not??#GOLD.. perfect move as per our video analysis and now market have again 2672 around as today supporting area
Keep close that level because if market hold it then in that case you can see further bounce.
Upsides areas area 2686, 2692, 2698 n 2706.
Good luck
Trade wisely
DreamAnalysis | ARKM Analysis: Key Levels and Trading Triggers✨ Welcome to today’s analysis! I’m going to analyze ARKM (Arkham), one of the most well-known projects in the crypto space, and identify key triggers for spot trading. ARKM is a DeFi project that gathers wallet data and offers it on its platform, making it one of the most useful tools in the DeFi ecosystem. Let’s dive into the technical analysis of this coin on the daily timeframe.
📅 Daily Timeframe Analysis
On the daily chart, ARKM hit its all-time high (ATH) at $3.914 before entering a distribution phase. After breaking below the SMA99, the support at $1.317 was lost, leading to a decline to $0.914. For a while, the price ranged between $0.914 and $1.317, and the candle volumes gradually decreased until buying volume picked up in the market. This resulted in strong green candles that broke through $1.317 and the SMA99, followed by a pullback, pushing the price towards the resistance zone at $1.818. Currently, the price is consolidating below this resistance level.
📊 The previous candle showed a strong bearish movement with significant volume, suggesting the potential for downward momentum to enter the market. Coupled with a bearish divergence in RSI, a break below the 50 level on RSI would confirm the divergence, and we could expect a correction down to the $1.317 support zone. If this support breaks, the next key level would be $1.082, which is significantly lower than the current price. If the price reaches this level, bullish momentum will likely vanish, and the market could form a new trend.
🔽 On the upside, the price has touched a curved trendline three times, reinforcing the importance of this trend. If a correction occurs, the trendline may act as support for the fourth time, potentially halting the price drop. However, if the $1.317 and $1.082 supports break, the last major defense will be at $0.914. Below this, there are no significant support levels until $0.738.
📈 Bullish Scenario and Key Resistance Levels
If the price breaks above the $1.818 resistance and starts a new bullish wave, there are several important targets to consider for profit-taking. The first target would be $2.229, though this is not a strong resistance zone as the price has interacted with it less frequently than with the main resistances. If bullish momentum is strong, the price could quickly move toward the next target at $2.769. This resistance is even stronger than ARKM’s previous ATH, making it the most crucial level to watch. Should the price break through $2.769, it could easily reach its ATH of $3.914 or even set a new high.
📉 Stop-loss and Entry Triggers
If you are already holding ARKM, I recommend placing your stop-loss around the $1.317 or $0.914 zones to protect your position. For those looking to enter the market, here are several key triggers:
🔼 Break above $1.818: If this level is broken, the price could move up toward $2.769.
Buy on pullback to $1.317: If a correction occurs, watch for a bullish reaction at this zone.
Break above $2.769: This would be the final trigger for significant upside movement, with more triggers possibly emerging from future candles.
By monitoring these levels and triggers, you can capitalize on ARKM’s next moves in the spot market.
❌Disclaimer
This is not financial advice; it is merely my personal opinion on how the coin might move. Always conduct your own research before making any decisions.
#1 Forexpair EURAUD is Down Trending Am about to soak the rice for about 10mins before I boil it for another 7 mins..
This is what the instructions say on how to cook rice on the rice packet
Will this work?🤔 I don't know.
Is this the exact instructions?
No it's not.
The method of how to cook the rice is based on my tolerance level
Meaning how much time am I willing to wait for it to cook plus the amount of gas that is needed to cook it.
Risk Management in trading is very similar to cooking rice on a gas stove
You need to calculate the best strategy to save on gas or firewood or charcoal to cook your rice
In this chart FX_IDC:EURAUD
The following 3 Steps have happened:
👉the price is below the 50 EMA
👉the price is below the 200 EMA
👉the price has gapped down on a down trend
These 3 Steps confirm a down trend market price.
🚀 Rocket boost this Content to learn more
⚠️Discliamer: Trading is risky please learn risk management and profit taking strategies because you will lose money wether you like it or not.
NFTX Stock:Using The 3 Step Rocket Booster StrategyAm from taking a warm bath,
because I need it in order to release the stress from
watching the stock market
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Also yesterday I was dealing with some teenagers
who just didn't seem to listen
to discipline.
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Very hard to be stress-free and disciplined in this
market
but that's why we follow systems.
-
Trading systems put the child in us
in a discipline, mode to stay put and wait
-
for the market to react
You need to learn how to hold your position
especially in this stock NASDAQ:NFLX
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So for this chart I have decided
to show you a trend analysis tool
-
I call the rocket booster strategy
which enables you to tell
wether a stock price is in an uptrend or not.
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If its not in an uptrend then you are buying
against the crowd.
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Thats how powerful this message is.
So what is the rocket booster strategy?
-
It has the following 3 steps:
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Step#1:The price has to be above the 50 EMA
Step#2:The price has to be above the 200 EMA
Step#3:The 50 EMA should cross above the 200 EMA
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When these 3 things happen it means the
price is in an uptrend.
-
If you want to continue guessing and not
know the price direction
then don't follow this strategy.
-
But if you want to learn more about
trend analysis rocket boost this content.
-
Disclaimer:Trading is risky because you will lose money wether
you like it or not...am sorry.Please learn risk management
and profit taking strategies.
DreamAnalysis | EUR/USD Key Liquidity Levels Hit - What’s Next?✨ Today’s Focus: EUR/USD – A Market Mover
We’ll dive into the latest price movements and analyze key market levels to uncover potential trends.
🚨 Previous Analysis Recap:
In our last analysis, we anticipated a further drop after a reaction into the 4H imbalance. While the predicted decline occurred, the extent of the move exceeded our expectations.
📊 Current Market Overview:
The price has recently swept key liquidity levels, including the Previous Week Low (PWL) and Sell-Side Liquidity (SSL). Currently, the market is consolidating, a sign of liquidity building. At this stage, we’re watching for a deeper retracement or possibly a full reversal.
🔴 What to Expect: Short-Term vs Long-Term Scenarios
Here, we explore potential outcomes for both short-term and long-term, outlining both bullish and bearish possibilities for day trading.
🗣 Short-Term Outlook:
In the short term, a retracement toward internal liquidity levels, such as Low Resistance Buy-Side Liquidity (LBSL), and lower time frame imbalances (1H and 15m) is expected.
🗣 Long-Term Outlook:
The long-term scenario points to a possible expansion higher, targeting the Previous Week High (PWH), which aligns with a Bearish Fair Value Gap (FVG) on the weekly chart. However, beyond this point, further clarity is needed before determining if the price can continue higher.
🕓 Key Levels to Watch:
These critical levels could influence price action:
- PMH: Previous Month High
- PML: Previous Month Low
- PWH: Previous Week High
- PWL: Previous Week Low
- BSL: Buy-Side Liquidity
- SSL: Sell-Side Liquidity
- Daily FVG: Fair Value Gap (Imbalance zone)
These levels represent potential areas for liquidity grabs or market rebalancing. FVGs are zones where price may retrace before continuing its trend.
📈 Bullish Scenario:
A bullish setup could be identified on lower time frames (like the 15m), where a Market Structure Shift (MSS) with confluence would signal an entry. The target would be the Buy-Side Liquidity, as highlighted in the short-term outlook.
📉 Bearish Scenario:
For a bearish outlook, we require further confirmation on lower time frames. The focus would be on a continuation towards Sell-Side Liquidity, although identifying clear targets may be more challenging at this point.
📝 Conclusion:
Stay flexible as market conditions shift. Monitoring these critical levels and setups will enhance your strategy and help you identify high-probability trades.
🔮 Looking Ahead:
Stay tuned as we continue to track NASDAQ, DXY, EUR/USD, and other major markets. More timely insights will follow as trends develop.
⚠️ Disclaimer:
This analysis is for educational purposes only and not financial advice. Always do your own research and consult a licensed financial advisor before making any investment decisions.
Silver:The #1 Asset Class Is Going UpAm so excited to share this video
with you because it shows you
how the silver price is actually
trending up
Now silver is part of the
"Top 13 Iron Watchlist"
which am going to show
you on 19th October
This watchlist is one
am going to use
to determine market
cycles for 2025
And another thing I like
about this
chart TVC:SILVER #Silver
Is that it follows the Rocket
booster Strategy
Chart pattern to learn
more watch this video
Also rocket boost this content
Disclaimer:Trading is risky, you
do not have to buy or sell
anything I recommend to you, please
do your own research.
Because in trading you will lose
money whether you like it or not
Please learn risk management
and profit-taking strategies.
DreamAnalysis | Key Triggers for ENJ Futures and Spot Trading✨ Welcome to today’s analysis! In this session, I will analyze Enjin Coin (ENJ) and review its key triggers in both futures and spot markets. The entire crypto market is currently in a significant zone, and how the price reacts here could set the direction for the coming months.
🧩 About ENJ and Its Role in Crypto Gaming
If you’ve been involved in crypto gaming, you’ve likely heard of ENJ (Enjin Coin), but you might not know exactly what role it plays. Every game is built using a game engine, such as Frostbite or Unreal Engine, used in major games. However, these engines are complex and expensive, which makes them impractical for crypto projects.
✨ Enjin Coin provides a simpler, blockchain-specific game engine, which is why it has become one of the top projects in this space. It has even partnered with notable names like CoinMarketCap, Binance, and Atari.
🔍 Now that we know what Enjin Coin brings to the crypto space, let’s dive into the chart and explore important triggers. The analysis is conducted in the daily and 4-hour timeframes.
📅 Daily Timeframe Analysis
On the daily chart, ENJ has been in a downtrend from its $0.6556 high, falling to the $0.13 support level. It has since entered a range-bound phase, moving between $0.13 and $0.1778 for the past two months. A confirmation of an uptrend could be seen if the price stabilizes above $0.1778, with RSI needing to break through 59.61 and market buying volume increasing to confirm bullish momentum.
📈 If the price breaks through $0.1778 or $0.2054, it would be a good opportunity for spot buying. Targets for this move would be $0.2645, $0.4098, and $0.6556.
📉 On the downside, if $0.13 support breaks (likely coinciding with RSI falling below 42.48), it’s advisable to activate stop-losses if you already hold ENJ. The next support below would be at $0.0921.
⏳ 4-Hour Timeframe Analysis
In the 4-hour timeframe, ENJ is stuck in a long consolidation range, which limits the effectiveness of momentum indicators like RSI, so I won’t use it here.
🔼 The price recently broke above $0.1543 and is now pulling back towards this level. If the upward move continues, the next target would be $0.1658, with the final target at the top of the range near $0.1823. If you don’t have a position open, consider entering a long trade on a break above $0.1658. What’s encouraging here is that volume is increasing, signaling strength in the bullish move.
🔽 For a short position, a break below $0.1398 would be a suitable entry point. If the price confirms and holds below this zone, we could see a move toward the $0.13 support. The main short position would be triggered after a break below $0.13.
📝 Overall, I currently see a bullish momentum in the market for futures and prefer opening long positions.
❌Disclaimer
This is not financial advice; it is merely my personal opinion on how the coin might move. Always conduct your own research before making any decisions.
SEDG Solaredge - More losses ahead?Solaredge Chart Analysis
The stock is in a clear downtrend since February
with a Significant resistance level at around $32.11
The Minor support seems at around $17.12
Increased volume during price drops indicates strong selling pressure and
Prices below the EMA are clues for bearish momentum
Key Points for a Trade
Entry: Consider waiting for a break below support or a pullback at resistance.
Stop-Loss: Set slightly above recent swing high ($24) to manage risk.
In case of pullback look for Stops at around $32.90
Trend continuation: Be cautious at EMA crossover or strong volume spikes, which could indicate a trend reversal.
Additional Clues:
Todays Put Option Volume increased 1,4 times of what was expected indicating bearish flow
Solana Faces Resistance at $160, Seeks Liquidity Between $132 anSolana (SOL) is currently in an interesting price range for investors looking for liquidity opportunities. The asset may retreat from the $153 level towards lower levels, seeking liquidity in the $137 to $132 range, offering a potential entry point for short-term investors. However, the asset is facing significant resistance around the $160 mark, which has been challenging to surpass in the current market environment.
Despite this difficulty, Solana shows promising long-term potential, supported by its robust technological infrastructure and increasing adoption in the blockchain market. Investors with a more patient profile might view this phase as a strategic positioning opportunity, with an eye on potential future gains.
USOIL... just near to his supporting area? what's next??#USOIL.. perfect move as per our last idea and now market just reached near to his major supporting area and that will play key role in next move.
keep close that region mentioned on chart. that is around 69.60 to 69.90
keep close and if market hold it in that case you can see again bounce from that area otherwise not at all.
don't float your buying's below that.
good luck
trade wisely
SBUX Stock: The 3 Step Rocket Booster StrategyRight now this stock NASDAQ:SBUX is trending.
As I was looking at which stocks to share with you
I started to calculate my risk management
for all the types of assets that am thinking
of trading such as futures, crypto, stocks and forex.
and let me say, with your permission
that each asset class requires a different risk management
now do you have to learn about all the
asset classes, you can trade ?
no..Look even though
I was studying about how to trade for example
Forex, crypto and futures.
You need to understand that the stock market
is so huge and that they are so many asset classes
that you can specialise in,
in order to master trading.
With this stock NASDAQ:SBUX
I used the rocker booster strategy
Which has the following 3 steps:
Step#1:The price has to be above the 50 EMA
Step#2:The price has to be above the 200 EMA
Step#3:The price should gap up
If you look at this chart you can see
these 3 steps just as well.
--
Remember on the 19 the October,
I show you the "The Top 13 Iron Watchlist"
Save that date
--
Remember to rocket boost this content to learn more
--
Disclaimer: Trading is risky you will lose money whether
you like it or not.
Please learn risk management
and profit-taking strategies.
DreamAnalysis | US30 on the Edge Key Levels & Crucial Scenarios!✨ Today’s Focus: Dow Jones (US30) – A Market Mover
We’ll break down the latest price movements and explore potential trends by analyzing key market levels.
🚨 Previous Analysis Recap:
In our last analysis, we anticipated a dip into the Equal Lows (EQL) before a reversal higher, and that’s exactly what played out. But what's next? Let's dive into all possible scenarios together.
📊 Current Market Overview:
The price has recently taken a major Buy-Side Liquidity (BSL) level at the Previous Month High (PMH), and we’re now hovering near the Previous Week High (PWH). This proximity to key levels sets the stage for the next move.
🔴 What to Expect: Short-term vs Long-term Scenarios
This section outlines what we can anticipate in both short-term and long-term contexts, considering both bullish and bearish possibilities for day trading.
🗣 Short-term Outlook:
A crucial focus for the short term is the previous week’s range, highlighted on the chart using Fib Retracement. Pay attention to the 50% level and the Optimal Trade Entry (OTE) zone.
We might see price break through Sell-Side Liquidity (SSL) below the 50% level to balance the range, possibly tapping into the Daily Fair Value Gap (FVG) for a rebalancing move.
🗣 Long-term Outlook:
Currently, we’re trading in a premium zone, which means two potential outcomes: continuation or reversal.
- Continuation: If the SSL above the Daily FVG is swept, we could see the price drive even higher.
- Reversal: An aggressive drop below the 4H and Daily Imbalances could trigger a reversal, leaving behind a Balance Price Range (BPR) with both bullish and bearish FVGs. The bearish FVGs, in particular, could play a crucial role.
🕓 Key Levels to Watch:
These are pivotal zones that could influence price action:
- PMH: Previous Month High
- PML: Previous Month Low
- PWH: Previous Week High
- PWL: Previous Week Low
- BSL: Buy-Side Liquidity
- SSL: Sell-Side Liquidity
- Daily FVG: Fair Value Gap (Imbalance zone)
These levels indicate where the price might seek liquidity or rebalance. FVGs represent zones where the market may retrace before continuing its trend.
📈 Bullish Scenario:
For bullish setups, we need lower time frame (LTF) confirmations, such as the 15m chart. Look for liquidity sweeps and target higher levels like the Previous Week High (PWH).
📉 Bearish Scenario:
While it’s possible to look for short entries now, the ideal scenario would be for the price to first take out the Previous Week High. After that, the target could be the Sell-Side of the chart, including the Daily Imbalance and SSL.
📝 Conclusion:
Stay adaptable as market conditions evolve. Monitoring these key levels and setups can help refine your strategy and spot high-probability opportunities.
🔮 Looking Ahead:
Stay tuned for updates as we keep an eye on NASDAQ, DXY, EUR/USD, and other major markets. Timely insights will follow as trends unfold.
⚠️ Disclaimer:
This analysis is for educational purposes only and is not financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
TATACONSUM: Upcoming Price Surge Projection
Timeframe: 4h
NSE TATACONSUM has formed a correction on the 4-hour timeframe chart. A closer look at wave A reveals it consists of three distinct waves, indicating it can't be labeled as an impulse. The security has broken below the 50, 100, and 200 EMA, with the Average True Range (ATR) at 15.
Currently, the price is developing wave (iv) of wave C within wave (B). Wave (B) has already reached 100% of wave A, and with bullish sentiment, the price could surge from this point. However, we need confirmation through a breakout of the sub-structure. After wave (B) is completed, traders can use wave (iv) as an entry point to confirm a long setup. Fibonacci clusters indicate potential levels at 1189 - 1246 - 1296 . Risky traders entering right after the completion should confirm their position with a lower high.
We will provide further updates soon.
- KP (Trade Technique)
DreamAnalysis | DOTUSDT The Market Turtle👋 Welcome back to DreamAnalysis! Today, we're analyzing DOT (Polkadot), a major player in the DeFi space, and exploring its future potential.
🌐 What is Polkadot (DOT)? Polkadot (DOT) is a multi-chain blockchain protocol designed to facilitate communication and data transfer between different blockchains. Its main goal is to improve interoperability between independent chains, enhance scalability, and ensure security through its multi-chain architecture. DOT, the native token of this network, is used for governance, staking, and bonding parachains (sub-blockchains).
📆 Weekly Analysis of DOTUSDT
In the weekly timeframe, DOT is sitting on a crucial support level. If this support (around 4.022) is lost and the price closes below it, a sharp decline may follow. If you're still holding this coin, it is advised to sell if this support level is broken.
📈 Entry Point for Buying
Entry for buying and holding in spot trading is clearly defined. After breaking the descending trendline and triggering the entry point at 4.814, you can consider buying with a stop loss at 4.022. Weekly DOTUSDT Technical Analysis
📉 Daily Analysis of DOTUSDT
In the daily timeframe, the coin is showing a strong downtrend. This time, the price failed to break the resistance at 4.919 and quickly dropped toward support, indicating weakness in the buyers.
If 4.005 support is broken, I personally will look to enter a short position, as the downward movement is in line with the trend.
Additionally, increased volume and the break of the RSI 28.03 level could signal more declines ahead, with the next major support around 3.852.
⏱️ 4-Hour Analysis of DOTUSDT
In the 4-hour timeframe, clear triggers for breaking support levels are visible, giving a solid indication of position entry for the upcoming week.
📉 Short Position
After breaking 4.022, I will consider shorting to ride the potential decline. Also, confirmation of the RSI breaking 33.44 will add more confidence to this setup.
📈 Long Position
more risky option would be to go long after breaking 4.251, especially with increasing volume. However, this is a higher-risk strategy given the market conditions.
💬 This wraps up today’s analysis. If you found this helpful, feel free to share it with your friends and leave a comment with your thoughts or any other pairs or coins you’d like us to analyze.
📌 These analyses are merely our ideas based on a chart that doesn’t follow strict rules. Technical analysis is an art, and these insights are not financial advice.
olectra **Olectra Greentech Ltd**
### 🔴 **Red Downtrend Line** (Resistance)
This red line represents a **downward resistance line** where the stock price has previously struggled to break above.
🛑 Every time the price has reached this line, it has reversed or dropped, showing that sellers have stepped in.
### 🔵 **Blue Support Line**
This blue line at the bottom acts as **support** for the stock. The price has bounced off this level multiple times, showing that buyers step in when the price approaches it.
🛡️ Each bounce from the blue line indicates that investors find value at this level.
### 🔵 **Blue Circles** (Testing Levels)
The circles indicate where the price has repeatedly tested the resistance or support lines.
📉 Each test of the **resistance line** has led to a pullback until now.
📈 Each test of the **support line** has shown buying interest, pushing the price back up.
### 🟢 **Green Trend Line** (Buying Interest)
This line shows an increase in **buying interest** in the stock over time.
📊 The rise in the line suggests a higher level of demand, potentially leading to a breakout above the red resistance line.
### 📉 **Key Price Level: ₹1,754.10**
This price level is where the stock is currently testing resistance.
🎯 If the stock breaks above this level with strong volume, it could indicate the start of an upward trend.
### 📈 **Volume Bars at Bottom**
Higher green volume bars (buying volume) have accompanied price movement toward the resistance, indicating growing investor interest.
🔥 A spike in green volume can be a bullish signal if the price breaks above the resistance.
### 📊 **Possible Breakout Scenario**
If the stock price successfully breaks through the red downtrend line with volume support, it could indicate the start of a bullish trend.
- 🚀 Breaking this resistance could lead to a sharp upward move if buying interest continues.
In summary:
- 🟢 **Buying interest** is increasing, shown by the green trendline.
📉 The stock is currently testing the resistance level around ₹1,754.
🔍 **Key levels** of support and resistance suggest that a breakout or breakdown could be imminent.
The chart suggests that this is a crucial level to watch for potential movements. However, as noted on the chart, there is no recommendation for buy or sell actions.
UBER Breakaway or Pullback? Trend Analysis
Bullish Momentum: Strong upward momentum with a recent gap up indicates bullish sentiment.
Breakout: Price has broken through previous resistance levels, suggesting continuation.
Price Action Analysis
Gap Up: Significant gap up on high volume signals strong buying pressure.
Pullback Levels: Potential support near $82 could provide buying opportunities.
Indicator Analysis
Volume Surge: High volume confirms the strength of the breakout.
EMA Support: Exponential Moving Average trending up, supporting the bullish outlook.
Forecast Summary
Expected Movement: Anticipate further upward movement, possibly testing new highs.
Key Support and Resistance Levels:
Support Level: Around $80, previously a resistance.
Resistance Level: Near $87, recent high.
Additional Support: Potential at $77, recent consolidation area.
Additional Resistance: Beyond $87 towards $90, historically significant zone.
Triggers/Events: Earnings reports or market news may impact volatility and direction.
Trading should focus on buying opportunities during pullbacks, monitoring key support levels, and staying alert for market events that could influence price dynamics.