Get started

Trendtrading

EURGBP: Insights into Current Market Dynamics (Top Down)Right! I will keep it simple. EURGBP on the weekly timeframe currently resides within a DEMAND zone, indicating the possibility of an upward movement in price from this region. Additionally, on the daily timeframe, price has shown rejection at a supportive level. Furthermore, the hourly chart has transitioned from a bearish to a bullish stance, while the 45-minute structure also presents a bullish outlook. In light of these indicators, it is anticipated that price action will likely find support at the marked demand area as depicted on the chart. Goodluck!
Long
by Koolermactrez
Elliott Wave Analysis with Volume Profiles and Open InterestMYROAnalysis. eliott wave: the price action conforms to elliot wave theory, suggesting a potential bullish move with the completion of wave 5. volume profile (January 38th - february 3rd) the initial volume profile indicates that the price has previosly visted the point of control (poc), and it appears to be retracing towwards the upper 70% line, which could serve as oyr TP3. Volume profile (february 2nd-february 19th): the subsequent volume profile suggest that the ptice is finding support around the 70% line, this support level has also acted as resistance in previous instances. Openinterest: there is a bullish and green candle observed in the open interest data, indicatng potential bullish sentiment.
Long
by ispatialresources
5
Expected Important levels for the Year 2024!Disclaimer! This analysis is made for educational purpose and do not consider it as an investment advice. Hey Folks ! I have marked all the important levels for the year, All the ranges marked with green colour represents Bullish area and all the ranges marked with red colour represents Bearish area. These levels are very simple yet very important. Use these levels with your existing trading strategy and experience to get most odds in your favour. Rules are simple , Short trades can work well in the Red / Bearish ranges whereas Long trades can work well in the Bullish ranges. If in case at any point of time Nifty 50 goes beyond these levels then i will either post additional levels in as an update or i will republish the idea with more levels. All the Best Folks ! Stay tuned for updates.
NSE:NIFTY
by prachitv1
Are we here or there?CRYPTOCAP:BTC is looking very strong on the weekly however we are early in the cycle. Some simple ideas here. 0.618 retrace level is broken pre halving which is a surprise that would have caused many to be sidelined. I think it is unlikely the market will let them back in anytime soon especially given the strong ETF inflows. Ongoing the trend will be Up when trad-fi markets are open, sideways when they are closed until the inflows decrease. Spot is driving the markets so open interest and funding rates become less important. Any pullbacks will be mostly on weekends and short-lived to wash out overleveraged longs and provide liquidity on the buy side for the big funds. Very bullish until I see a strong signal to oppose this. Things to keep an eye on is an influx of retail froth, a rotation to alts, Strong macro/tradfi headwinds and the usual suite of on-chain tools i'e whales selling, LTH taking profit at high levels. This cycle as we have only seen retraces of %20ish o far it hasn't really be worth trying to time pullbacks in my eyes unlike previous cycles where they were often %40-%50. This gives further credence to the bullish narrative. Hold on, enjoy the ride, set targets and take profits when you start feeling emotional.
Long
by Mrgalaxy
1
Cleanspark: Powering the Future of Bitcoin MiningBitcoin is making major moves as we get closer to the Bitcoin halving. NASDAQ:CLSK is poised to benefit from this bullish momentum. We just crossed a major resistance level at $13 & Targeting the next major resistance at $40 Cleanspark recently reported a remarkable 165% year-over-year revenue growth in Q1 of FY2024. This impressive growth is a testament to the company's ability to capitalize on the growing demand for Bitcoin mining services. With a net income of $25.9 million and an adjusted EBITDA of $69.1 million, the company is well-positioned to continue its upward trajectory. This is one of the best risk reward plays in the CRYPTOCAP:BTC mining companies. All aboard for the ride #LetsGo
NASDAQ:CLSKLong
by EgideSimba
2
GBPUSD Trading Plan: Bearish Deep Gartley PatternLet's discuss the trading plan for GBPUSD, and it revolves around the recognition of a Bearish Deep Gartley Pattern. This pattern, once confirmed, provides an optimal setup for a shorting opportunity. Here's the breakdown: 1. Trading Setup: Bearish Deep Gartley Pattern. 2. Price Reversal Zone (PRZ): Awaiting confirmation at 1.2725. Once the PRZ is confirmed, signaling the completion of the Bearish Deep Gartley Pattern, it opens up a potential shorting opportunity. Feel free to share your thoughts and engage in a discussion on this trade plan.
Short
by RaynLim
EURUSD Trading Plan: Bearish Shark Pattern on 4-Hourly ChartLet's delve into the EURUSD trading plan for the upcoming period. The weekly chart suggests a weaker bull trading setup, signalling a bullish trend with some weakening. However, the four-hour chart paints a different picture, displaying a bearish trend. Here's the comprehensive trading plan: 1. Weekly Chart: Indicates a weaker bull trend. 2. 4-Hour Chart: A Bearish Shark Pattern is anticipated to complete within the sell zone at 1.0874, presenting a potential shorting opportunity. Given the bearish trend identified on the four-hour chart, the focus will be on the Bearish Shark Pattern for a potential short trade. Share your thoughts and insights on this trade plan!
Short
by RaynLim
MANA has formed a double bottom, after the pullback will go upMANA has formed a double bottom, after the pullback will go up, It has been making HH and HL Entry Zone 0.4687 - 0.4740 SL 0.4643 TP1 0.5017 TP2 0.5485 Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments.
Long
by JosephMcKenzie
4
Tesla Faces Market Turbulence in 2024 Despite Record RevenueTesla's financial performance in 2023, with a revenue of $97 billion, has been a key focus for investors. However, 2024 has brought challenges, notably impacting its market position. In January 2024, Tesla's shares saw a significant 24% drop, primarily due to expected weaker sales growth, wiping out about $80 billion in market value. The release of Tesla's Q4 earnings on January 24 further intensified these challenges. Earnings per share were reported at $0.71, below the expected $0.74, leading to an 8% drop in stock price and a fall below the $200 mark, a level last seen in May 2023. Since the Q4 report, Tesla's stock has struggled to surpass the $200 threshold, which now acts as a psychological barrier. The persistence of this resistance level suggests a cautious outlook for Tesla's stock, with potential for further declines if it fails to break through this barrier. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NASDAQ:TSLA
by Sublime_Trading
The Bullish Case for Palantir Technologies ($PLTR)NYSE:PLTR is in a strong bullish momentum and breaking resistance levels. This is the year it will test and breaks its previous all time highs. Strong Revenue Growth: Palantir Technologies has shown impressive revenue growth in recent years. In 2023, the company's revenue increased by 17% year-over-year to $558 million in Q3. This growth can be attributed to the company's expanding customer base, which now includes major clients like the National Health Service in England. AI Integration: Palantir has been integrating artificial intelligence (AI) into its analytics platform, which has been a game-changer for the company. This has allowed Palantir to offer more value to its clients and has contributed to its revenue growth. Government Contracts: Palantir has a long history of securing lucrative government contracts, and this trend is expected to continue. In 2023, the company was awarded a $414 million data-communication platform contract with England's National Health Service. This demonstrates the company's ability to secure large deals and maintain strong relationships with government clients.
PLong
by EgideSimba
The Bullish Case for Snap Inc. (SNAP)NYSE:SNAP has earnings today and a GAP to fill from May 2023. Additionally, SNAPs price action has built a minor consolidation channel the past 2 months. Will we see some strong movement to the upside??? The Longterm Bullish Case for Snap Inc. ( NYSE:SNAP ) Despite facing strong competition from other social media giants, Snapchat has managed to maintain a loyal user base and continues to innovate its platform to attract new users. Here are some key points that support a bullish thesis for SNAP: Snapchat has a large and growing user base, with over 347 million daily active users as of Q3 2023. The platform's unique features, such as disappearing messages and AR filters, have helped it maintain a strong presence among younger demographics. Improved monetization: In recent years, Snap has made significant strides in improving its advertising offerings and revenue generation. The company's focus on augmented reality (AR) and camera-based advertising has helped it stand out in the crowded social media advertising space. Expanding revenue streams: Snap has been diversifying its revenue streams through the introduction of new features and services, such as Snap Originals, Snap Games, and the Spectacles AR glasses. These initiatives have the potential to drive significant growth in the future. Strong financials: Snap's financial performance has been improving, with the company reporting positive net income for the first time in Q3 2023. The company's revenue has also been growing steadily, driven by its expanding user base and improved monetization efforts. Attractive valuation: Despite its strong growth potential, Snap's stock is currently trading at a relatively low valuation compared to its peers. This presents an attractive opportunity for investors looking to capitalize on the company's growth prospects.
NYSE:SNAPLong
by EgideSimba
4