Stock has currently formed a good support at 116 levels. It seems to making newer Higher Highs since the last few weeks steadily. The most recent MACD Crossover has shown a good move upward. Currently the MACD Cross is in play on the Monthly Charts. Once it completes successfully, the stock could start seeing massive movement upward in the coming weeks/month.
Why I am bullish on NASDAQ:NVDA On the 4 hour timeframe: - Retesting support zone - Bottom of bullish pennant chart pattern - Wick-to-body forecast is bullish My personal trade: Stop Loss / Take Profits: - Entry: $118.00 - Take Profit: $136.16 - Stop Loss: $114.97
BTCUSD Daily Outlook (07.24.2024) The market has formed a motive wave pattern 12345. And will form an ABC wave correction pattern. Potential for Sellers to Reach +600 Pips. Target Price at 61,000.00 or Fib. 50%.
Technical Breakdown for XAUUSD Impulsive Move and Correction: The price made an impulsive move upwards, indicating strong bullish momentum initially. After reaching the peak, the price began to form a correction pattern, which typically suggests that the trend might continue in the same direction after the correction is complete. Descending Channel: Within the...
see and watch :) After breaking the blue downward trend line as well as the $2.6 resistance range, it is completing a pullback towards the broken resistance and finally the movement continues...
The AUD/USD currency pair has recently broken below a key resistance level, accompanied by increased selling volume. This bearish momentum suggests a potential drop towards the next support level.
Amid the overall negativity in the cryptocurrency market, SHIB has significantly dropped in price, falling from a local high of $0.00004605 to $0.00001272. This decline amounts to more than 70%. The asset's price has nearly reached a range of global interest among participants, as confirmed by the volume profile. Currently, there is an attempt to recover the price...
#VeloCity this way ↗️ $VELO is looking to reach up and grab the support/resistance level at .03888 USD A Rapturous Event is Approaching at Terminal Velocity A hand from the heavens. Reach down and lift us up! 💞 Love Is Our Amour 🛡️
Price has recently rejected support on multiple occasions, and a double bottom pattern appears to be emerging on the daily (D) timeframe. Additionally, multiple rejections on the 4-hour (4H) timeframe further strengthen our bullish bias. I expect the price to continue in a strong upward trajectory. **Rationale:** ~ Breakout of Descending Channel (D) ~ Retest...
I'll start with the weekly RSI bullish divergence off the 2022 and 2023 yearly lows. In addition to that, there is also a nice bullish pinbar on the 4M chart. This also hints to a possible bottom/bullish reversal. Price is now pushing against the trendline resistance (from Mar 23' to Jul 24'). Once price is able to break and hold this area it could really...
This is the follow up from my recent post about KENDU on ethereum. Resistance 1 : 0.0001 Resistance 2 : 0.00015 Resistance 3 : 0.0002 - ATH (+-0 0,00027) --------------------------- Support 1 : 0.00006 - 0.0005 Support 2 : 0.000025 - 0.00002 Support 3 : 0.00001 For time being.. i keep an eye how the price action react when approaching the downtrend (yellow line)...
📅 Today, we're diving into the Forex market, specifically analyzing the GBPUSD pair. Previously, we examined this pair on the weekly time frame, and now I’ll provide an update with new entry points marked on the chart. 🔄 Weekly Time Frame Analysis In our previous analysis, we identified 1.28019 as the first long trigger on the weekly chart. The price has...
📅 Let's dive into today's analysis, focusing on Bitcoin in the 1D time frame to examine both long-term and short-term scenarios. 🔍 Daily Time Frame Analysis Bitcoin has experienced a decline after breaking the support at 60303, producing a large, high-volume candle and also breaking the 58429 level. However, it has not yet managed to stabilize below this area and...
It's been a hard couple of weeks in the crypto markets, and it is not looking much better when you zoom out to the weekly timeframe. The Logical Trading Indicator is flashing a sell signal on this week's candle which means that we have some serious downward momentum hitting the Bitcoin market. For you new guys, this means that there is way more selling pressure...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few moments ago price declined to support line and at once bounced and in a short time rose to resistance line. After this, EUR turned around and made downward impulse to support line, breaking $1.0840 level again. Then price rose to resistance line again,...
Stock has been on Lower High Lower Low Pattern since mid 2021. New Higher High and Higher Low Pattern seems to be in play since May 2023. Could the stock be following the new Trendline and go further upward? If all is well, the stock could visit until the next Support/Resistance zone.
BITSTAMP:XRPUSD is one of the most interesting cryptocurrencies for potential setups in the near future. For a couple of years now, XrpUsd has been trading in a symmetrical triangle trading pattern. Always when XrpUsd retested support in the past, we simply saw a very nice rejection away towards the upside. And as we are speaking, XrpUsd is once again...
Price recently broke out of the daily (D) descending channel. It then pushed up to meet the daily (D) 50% Fibonacci retracement level, converging with resistance. Price then rejected this level and pushed down to retest support before breaking out of the four-hour (4H) downtrend line, suggesting strong bullish momentum. Price then pushed up and reached the daily...