Trader Tom, an investing.com technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
I've been trying some custom approach / experiment on detecting reversal play in advance stages -- and my current case study is XAUUSD. Here's how it looks. Based on weekly data, we got a thinning price line with a shifting inverted support lines (bottom lines). A good confirmation Identifier would be a complete horizontal inverted support line shift. 1950...
Use this chart for reference to key levels guiding us out of this macro bottom 2024 -2025. The BTC halving is complete and now the decent to a support level below is likely before the rise. The chart explains itself once you know the terms - We have Breaker blocks below with good volume for support. Areas of confluence where multiple key levels line up...
... for a 24.26 debit. Comments: High IV here at 36.4%. Using the July 26th weekly here for the setup, since this is one of those options highly liquid underlyings with both liquid monthlies and weeklies, and I like to attempt to keep things in that 45 DTE wheelhouse if I can. Because of the size of this underlying, I'm looking to ladder out if we get...
RATS another meme coin with so much growth potential. This coin went on a parabolic rise during its launch, peaking as high at 0.00068, then corrected heavily to more than 5x cheaper. Now based on its long term data metrics, this is starting to shift already. An RR ratio of 5x to 10x is a possible target for RATS. The light MCAP numbers will benefit for the...
entering long at 65.4 for a mean-reversion trade to 69.7
COST has been a staple go-to-retail outlet to US consumers. Costco Wholesale Corporation operates an international chain of membership warehouses, mainly under the "Costco Wholesale" name, that carry quality, brand-name merchandise at substantially lower prices than are typically found at conventional wholesale or retail sources. It has been a rosier season for...
BEER is another meme coin which has gone parabolic before the market's weighty correction -- tapping as high as 0.0057 levels, then trimming down to -x3 to 0.00015 area following the market's hibernation period. Now, based on recent data metrics. Bears dissolvement has been spotted today and a clear out is highly possible within the next couple of days....
AMEX:TRX DO YOU SEE WHAT I SEE? MASSIVE ALERT! When TRX reverses to the upside, It means the whole crypto market is preppin to move with it. USDT inflows will pick up pace signaling a buying spree event. Expect more than average upside momentum from this point onwards. Historically, this signal never misses. TRX moves first in advance, then the market gets...
Gold Open:2330 SL: 2319 TP: 2400 ====================================== Disclaimer: Any content in this text does not constitute investment advice. This text provides an objective description of the market situation and should not be considered an offer to sell or a solicitation to buy. Any decisions made based on the information provided in this text are your...
TON has accumulated a lot of attention this past few months making it to top 10 coin by market cap, worth $20B. That is impressive and it looks like it may go to 3 digit even aligning itself with the likes of BCH , ETH, and SOL. At the start of the year TON hovered around 1.8 area -- then it peaked at 8.0 range, and it did it in a few weeks time. The hype is not...
We are buying BTCUSD BUYLIMIT, you know how it goes entry at the IMB and target 1:2RRR. Let’s go
CMP 220 add near 208/212 upside 265++ for educational purpose
Am waiting for Eth to correct a bit to $3500 psychological level then show signs of strong buying interest. This will be a breakout of 1hr and 4hr trend back to the upside. Price already failed to make a new lower low and pushed up strongly with a strong engulfing candle with volume on the 1hr tf- that's potential new higher low. Target is daily resistance area...
Preferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas. With your likes and comments, you give me enough energy to provide the best analysis on an ongoing basis. And if you needed any analysis that was not on the page, you can ask me with a comment or a personal message.. Enjoy Trading... ;)
GBPCHF has been on a weighty long downtrend that has lasted for ages but recent data is hinting of a possible reversal after waiting for eons. On it's tri-monthly chart it has registered it's first upside shift in almost 3 years since July 2021. This is a massive change in structure as it is conveying the initial steps to upside reversal in the long term....
SLERF is another meme coin which has amassed huge following its strong debut with a current MCAP of $300M. This has experience the usual parabolic peaks known to memes and later on the big trimdowns, the gravity of profit taking. Now, based on the latest price data metrics correction is almost done and this is preppin for a shift to the upside which may retest...
BNB has somewhat been abandoned in terms of price growth in comparison with its big coin peers alongside other alts. It has stayed at the bottom range for quite sometime. A low key reversal maybe on queue that will be missed by majority. On our weekly data, BNB has tripled bounced on a solid order block at 220-240 range. This has been visited many times and it...