is HMSTR booming?????hi everyone, I'm MSNP and today we want to talk about GATEIO:HMSTRUSDT , please follow me and support this idea
after a down trend HMSTR showing potential (26% today)
we had a trend line that you can see here:
and a BO above it. so, what's we excepted for future?
1. in first place we need a prove and confirmation of starting new trend, so we need a bull candle above EMA.
2. we need a pullback: after this down trend (68%), after BO we need a pullback, the pullback area is marked with blue line that you can see here:
3. after pulling back and testing the bottom successfully we need to see more power from bulls, 2,3 good bull bar would be nice and after two bull bars that close on top you can buy above them for a swing
4. target is marked in chart with sky blue line that you can see here:
5. the road that i expect from HMSTR is here:
thank you for reading, ask any questions and i will be there for you
BOOM
Nvidia - How high is too high?Nvidia (NVDA) continues to defy gravity, hitting $140 in pre-market trading today.
This translates to:
A 23% increase in June alone
A 55% increase in Q2
A staggering 184% increase since the beginning of the year
A 225% year-to-date (YTD) surge
These are the kinds of figures we've come to expect from Nvidia, making even impressive YTD gains of 27% by companies like Microsoft look pedestrian. Nvidia's rise has also propelled it to the top of the market cap rankings, becoming the world's most valuable publicly traded company.
The Question of Sustainability
The burning question is, can this growth be sustained?
So far, Nvidia has the numbers to back it up. The company has already generated more EBITDA this year than in all of FY2023. While its Price/Earnings Growth (PEG) ratio of 1.55 suggests a slight overvaluation, and has been increasing steadily for a year, it remains below the PEG ratios of multi-trillion-dollar peers like Microsoft and Apple.
Technical Indicators Flashing Green
The technical indicators also paint a bullish picture. The stock is well above its short-, mid-, and long-term moving averages, indicating strong momentum. The recent surge in volume further confirms heightened investor interest.
The Bias and Sentiment Strength (BASS) Indicator, a composite tool created by @mattzab combining several technical indicators, also flashes a strong buy signal for Nvidia. (For a detailed explanation, see this page: ).
The Road Ahead: Smooth Sailing or Bumpy Ride?
The big question is whether we'll see a soft landing, a minor pullback, or a significant dip. This will depend on how many investors decide to take profits and the speed at which they do so. A rapid sell-off would likely be triggered by a sudden collapse in the "AI hype" or if companies find themselves unable to effectively utilize their new AI chips, or their efforts to capitalize on LLMs fail.
It's still early days in the AI boom, but parallels have already been drawn with the dot-com bubble which many investors are old enough to remember. It took Apple more than 5 years after the crash to reach its dot-com peak, and Microsoft needed more than 14 years. While there is no looking back for these stocks now, one shouldn't forget that Cisco, which was regarded as a crucial internet infrastructure provider at the turn of the century, never reached its dotcom peak again. But then again, past market crashes do not guarantee future losses, or how did the saying go again?
For now, the status quo remains: everyone is bullish as long as everyone else is bullish as well.
As always, stay vigilant out there!
## Catching Spikes on Boom 300 and Crash 300 with Trendlines## How to Catch Spikes on Boom 300 and Crash 300 Indices on Deriv Using Trendlines in TradingView
Catching spikes on the Boom 300 and Crash 300 indices on Deriv using TradingView involves leveraging trendlines to spot potential breakout points. Here's a brief guide on how to do this effectively:
### 1. Setting Up Your Chart
- Open TradingView and select the Boom 300 or Crash 300 index.
### 2. Drawing Trendlines
- **Identify Highs and Lows**: Locate significant highs and lows on your chart.
- **Draw the Trendline**: Connect at least two significant highs for a downtrend line or two significant lows for an uptrend line.
### 3. Spotting Spikes
- **Boom 300 Index**:
- Look for points where the price breaks above the downtrend line.
- This breakout can signal an upcoming upward spike.
- **Crash 300 Index**:
- Look for points where the price breaks below the uptrend line.
- This breakout can indicate an impending downward spike.
### 4. Confirming the Breakout
- **Volume**: Ensure there is an increase in volume during the breakout.
- **Candlestick Patterns**: Look for bullish reversal patterns for Boom 300 and bearish reversal patterns for Crash 300 near the trendline.
### 5. Risk Management
- **Stop-Loss**: Place a stop-loss slightly below the breakout point for Boom 300 and slightly above for Crash 300.
- **Take-Profit**: Set your target based on previous highs/lows or use a risk-reward ratio.
By using trendlines to identify and confirm breakouts, you can effectively catch spikes on the Boom 300 and Crash 300 indices on Deriv with TradingView.
[enqAIUSD] New Gem, Still unknown and unoticed. added on Dec.BIGHello,
I stumbled upon this one when I was searching for new AI cryptos since I missed the fetch, agix etc pump...
This one is a good project I went though their documentation. They are serious and major plans lay down already.
ONLY on ETH swap and CoinEx(was JUST added 2 day ago chart still NOT on TV) at the moment. as soon as it will be noticed... you should know what's gonna happen.
This is a project that might end up on Binance...
Cheers
$POL - Gap fill awaits! 500M Annual Revenue, 18M MarketcapThey recently posted their restated financial statements for 2021 and 2022 and released Q1 2023 results. 500m annual revenue. 18m marketcap. Due your own research, own your own trades. This is not financial advice.
$RAY - showing a #RAY of PUMPHello my Fellow TraderZ,
$SOL is breaking out, so will its ecosystem.
$RAY is consolidating beautifully here.
If you see price has formed ASCENDING TRIANGLE on DTF.
Break $0.35 and BOOM for ~80% Gains. Look at the GAP till next Resistence level.
Use proper R : R .
Happy Trading. CHEERS!!!
ESParty will end soon based off chart here..
Believe top of trend line comes in around 4150-4160 range.
Will be interesting to see if this is where resistance really comes in, retail has to be spooked to buy in at this point, watch for FOMO move to upside in coming days and then downside to follow towards the start of the year or maybe a little prior!
SPX downsideIf this continues to act the way it has been, this rally might be nearly over.. probably safe to start shorting soon on the SPX
I have already begun at 4004 picking up shorts and willingly ready for another 100 points with long term view of being further downside and higher reward to downside than upside currently.