$KAS keeping itself inside the wedge despite market downtrendAs long the price continue its trend and the floor of the wedge keeps serving as support, price can break up to 0.56 usd delivering 260% from today price
Why not a downward break? Because fundamental analysis signal us of a uptrend throughout crypto market
Uptrend
8.3.2024 Platinum Weekend Pre Market AnalysisIt's the weekend. I like to go out to my larger charts and clean off the entire chart and start analyzing the instrument for next weeks trading.
We know that price is going to move up or down from where it currently is located, so we just need to make up a game plan to trade it..
Looking out at the 4 hour, 1 hour, and 15 minute charts for our trend and target analysis. Then dialing it down to the 3 minute or 15 minute to look for an entry!
Nvidia Is waaay too hotEven though it is possible for price to go beyond the 3rd STD, It usually doesn't remain there for long before it has to cycle back to test lower levels. However, hype stocks can lead people to keep buying in fear of missing out. We all know that is a rookie mistake. That's why, even though NVIDIA is an awesome company, I would instead prefer to buy at a discount.
No one knows what price will do tomorrow. But it's best to have the odds on our side. And when a situation seems risky, even though it's promising, it's usually the best just to step back. Even if you have to let go a great opportunity where price rises, you will still be better off. Because a strategy consisting of chasing the trend will inevitably end poorly. The correct approach is trying to find opportunities where the price isn't too hot, and you believe in the future of the company.
One must look for ways to determine if a new trend is forming. Not trying to catch the current one. If the price is already in a clear trend, it's best not to jump in right away, but look for a cool off before taking a position. Also, when considering individual stock's it's important to study the related indices as they will give more context to where the stock is in contrast to its pears with similar situations.
By looking at the CME_MINI:ES1! and CME_MINI:ES1! It's noticeable that these indices are also overheating. Just to be clear, I don't believe we are at the peak yet, but we will soon be there. Just be patient, don't tell price what to do, let it hit you about its next move and prepare for all scenarios.
Xauusd up trend XAU/USD is rising from 2397 to 2409 following the U.S. Dallas Fed PCE news. The positive data likely sparked investor optimism, driving the price of gold higher against the US dollar. This uptrend may indicate increased demand for gold as a safe-haven asset in response to market uncertainties stemming from the economic data release. Investors are reacting to the news by flocking towards the precious metal as a hedge against potential risks, pushing its value up in the forex market.
Ichimoku Watch: Google Poised to Test Kumo CloudUpcoming Earnings
Alphabet Inc. (ticker: GOOG) is scheduled to report earnings after the market closes on 23 July. The consensus Earnings Per Share (EPS) estimate for the fiscal quarter ending June 2024 is $1.85. The reported EPS for the same quarter a year prior was $1.44.
Price Action Nearing Ichimoku Cloud
The stock is poised to register its first losing month (down -2.2% month to date) following four consecutive winning months. Price action has dipped beneath the Conversion Line (blue at $185.76) and the Base Line (red at $184.47); of note, the former has yet to cross beneath the latter (which can be viewed as a bearish signal).
Price movement also remains below the Lagging Span (dark green at $179.39), a bullish signal, and the stock is nearing the Ichimoku Cloud, which has been in play since the Leading Span A (light green at $185.11) crossed above the Leading Span B (light orange at $179.54) at the beginning of May. The Ichimoku Cloud can offer traders a dynamic support area in uptrends.
Another observation worth highlighting is the support level located within the Ichimoku Cloud at $173.05.
Price Direction?
In light of the visible uptrend, a test of the Ichimoku Cloud could be a factor that prompts buying. Buyers will also likely want to have support tested at $173.05 and also the Conversion Line cross back above the Base Line (by the time the price reaches the Ichimoku Cloud, the Conversion Line would have crossed below the Base Line); traders use an upward crossover as additional strength confirming the Ichimoku Cloud.
EURUSD H4: Create long position when the price fallsWeekly: The rising price in the past two weeks has regained its position above MA156. However, since there is still upper resistance from the convergence triangle shape above and the slope of MA156 is still downward, the EURUSD is expected to remain within the range of 1.0840-1.1040 in the next one to two weeks.
Daily: The current price rise has reached the closing price of 1.0904 on June 3. Judging from the growth in trading volume, EURUSD still has the opportunity to continue to rise in the next few trading days. Investors should take advantage of price declines to establish "long positions."
H4: The three moving averages (MA120. MA60. MA18.) are arranged in an upward trend, and a "long position" should be established when the price falls.
H4 Strategy:
Buy Zone (positive) @ 1.0805-1.0870
SL: 20-25, TP: 40-80
Sell Zone @ 1.0985-1.1030
SL: 15-20, TP: 25-50
H1: Same as H4: the three moving averages (MA120. MA72. MA24.) are arranged in an upward trend, and a "long position" should be established when the price falls. But the price will be more positive when entering the "long position" (short-term strategy)
H1 Strategy:
Buy Zone @ 1.0850 -1.0885 (short-term)
SL: 15-20, TP: 25-60
Sell Zone @ 1.0940-1.0970 (short-term)
SL: 10-20, TP: 20-40
Full Time Frame 4K UHD Pic (TradingView):
TIAUSDT | ARE WE GOING UP?Is a new bull market on the horizon? It just might be! Let’s dive into why TIAUSDT looks so promising right now.
Market Context
The crypto market is showing signs of life, and TIAUSDT could be poised for a significant move.
Bullish Signals
• Key Support Break: Recently, TIAUSDT broke through a key support level with significant volume, often a precursor to upward momentum.
• BTC Sentiment: Bitcoin’s sentiment is bullish, and as the market leader, BTC often sets the tone for altcoins. A bullish BTC means good news for TIAUSDT.
• Volume Surge: The volume spike indicates strong buying interest, suggesting that traders are gearing up for a potential rally.
Strategy
Given the bullish signals, I’m looking to ride the wave with TIAUSDT. Let’s capitalize on this potential move upward.
Action Plan
Going long on TIAUSDT, targeting higher levels as the market sentiment shifts.
Could we be at the start of a new bull market? Let’s find out! 🚀💥
Good luck, everyone!
#minno #TIAUSDT #CryptoTrading #Bullish #MarketAnalysis #Uptrend #Altcoins #BTC #StayTuned
GOLD MASSIVE BREAKOUT|LONG|
✅GOLD is trading in an
Uptrend and the price just
Broke the key horizontal level
Of 2450$ which was an all-time-high
And is now a support level because
The breakout is confirmed so
We are bullish biased and we
Will be expecting a further
Move up after a potential
Pullback and retest of the
New support level
LONG🚀
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AMAZON Local Long! Buy!
Hello,Traders!
AMAZON is trading in an
Uptrend but the stock is
Going down in a correction
But will soon hit a horizontal
Support of 190$ from where
We will be expecting a
Local bullish rebound
Buy!
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Check out other forecasts below too!
Mexico gives a sign of lifeAfter staying over a month at the lowest levels of the year, almost 10% down for the year, but finally the market has been able to recover. But the fundamental data that has been pushing this move up is quite bizarre. Perhaps we are out of the water and I hope so as some other positions in Mexican stocks will be affected by the performance of this recovery. So far the recent move looks promising as it has clearly broken above the 25MA which will now serve as support as price attempts to climb into a higher deviation. Successfully breaking above the 200MA would place the index out of trouble for the coming time. Let's hope for the best and If the USA rides into euphoria, perhaps Mexico can ride along as well.
Additional to the analysis here, I give a great visual description of what my indicators tell me and how I read them. The same is true for the short term deviation, which helps me see the finer movements of price action.
USD_JPY SUPPORT CLUSTER|LONG|
✅USD_JPY made a massive
Move causing some
Serious pain on its way down but
This correction was a long
Anticipated one because the pair
Was overbought so after
The local "flash-crash" the
Pair hit a support cluster of
The horizontal and rising
Support lines around 157.445
And made a bullish rebound
So as we are still bullish biased
On the pair mid-term we will
Be expecting a further local
Move up from the rising support
Towards the target above around 159.500
LONG🚀
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AUD-CAD Will Keep Growing! Buy!
Hello,Traders!
AUD-CAD is trading in an
Uptrend and the pair is making
A local correction but we are
Bullish biased mid-term so
After the retest of the
Horizontal support of 0.9164
We will be expecting
A further move up
Buy!
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Check out other forecasts below too!
SWING IDEA - V GUARD INDUSTRIESThe technical analysis of V-Guard Industries suggests a compelling swing buying opportunity.
The reasons are listed below :
The stock has successfully breached a significant resistance zone at 270-280, showcasing potential for an upward trend continuation.
The presence of a robust bullish engulfing candle on the weekly timeframe, coupled with the stock finding support at the 50 EMA, enhances the bullish outlook.
Following a prolonged consolidation period exceeding six years, the stock is poised for a potential breakout, indicating the likelihood of substantial price movement.
The formation of higher highs further reinforces the bullish sentiment and suggests an established uptrend.
A notable increase in trading volumes during the breakout phase supports the authenticity of the upward movement.
Target - 360 // 424
Stoploss - weekly close below 282
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BTCUSDT | UP UP UP!Are we finally going up? It’s quite possible!
Market Context
Bitcoin is showing strong signs of a potential upward movement. Despite a poor weekly candle close, this might be a clever fakeout designed to shake out the shorts. Let’s dive in!
Bullish Signals
• Weekly Liquidity: There’s a ton of liquidity above $72K, and Bitcoin loves to chase liquidity.
• Bullish Divergence: On the daily chart, we see a bullish divergence forming. This is often a precursor to significant upward moves.
• Weekly Uptrend: We’re still trading within an uptrend on the weekly chart.
• Engulfing Candle: A huge bullish engulfing candle post-divergence indicates that the bulls are back in action.
Strategy
I’m betting on a substantial upward move for BTCUSDT. Targeting SWB:69K as TP1, and who knows? $100K could be on the horizon. It’s not just a dream—it’s a real possibility given the current setup.
Action Plan
Going long on BTCUSDT. Let’s ride this wave and aim high!
Good luck, everyone! 🚀🌕
USD_JPY RETEST OF SUPPORT|LONG|
✅USD_JPY is trading in an
Uptrend and the pair is now
Making a long-awaited bearish
Correction but we are bullish
Biased overall so after
The retest of the horizontal
Support level of 160.000
We will be expecting a
Further move up
LONG🚀
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Did you buy HFCL?As published in the previous post,
HFCL did retest and is now trading at 12% higher than reco.
A safe zone to buy was 113 - 114.
I personally bought at 110.
TARGETS?
If you are a short term trader, looking for quick profit, consider closing partial quantity at CMP and rest at 127.
If you think you can hold it and you are fine with your capital invested here, your target is 140, 160, 220.
I will be holding, will buy on dips if it comes.
Happy Trading:)