TradeCityPro | NZDCAD : Approaching Key Support Levels👋 Welcome to TradeCityPro!
In this analysis, I will review the NZDCAD forex pair for you. The analysis will be conducted on the daily timeframe.
📅 In this timeframe, a gradually sloping upward channel can be observed, with the price currently positioned near the bottom of the channel. The nearest support level to the current price is at 0.81376.
🧩 If the RSI manages to stabilize above 56.22, upward momentum could enter the market, allowing the price to potentially move towards the 0.83869 level.
📈 If 0.83869 is broken, the next resistance level will be at 0.86836, which approximately overlaps with the upper boundary of the ascending channel.
🔽 In the bearish scenario, as mentioned earlier, the first support level is 0.81376, and if this area is broken, the next support level will be 0.79789, which is one of the strongest support zones on the chart.
🔑 Overall, considering the more bearish momentum and the gentle slope of the ascending channel, I believe the likelihood of the channel breaking downward is quite high.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Breakout!
USOIL BULL Triangle The oil chart is showcasing a large triangle pattern within a smaller triangle, and the breakout of the smaller triangle to the upside strongly suggests that the larger triangle will also be broken. This breakout signals the potential to target significantly higher levels.
Additionally, the bottom has been tested approximately four times, with the last test clearing out all liquidity. Now, the chart appears to be gearing up for a major upward move after a prolonged accumulation phase.
As for my perspective, I’m betting on oil’s rise rather than its decline, even though the current triangle formation is typically a bearish (descending) triangle.
The second entry opportunity will present itself after the larger triangle is broken and confirmed through a retest.
Note: I don't care about the count if it right or not don't comment on that please
ONDO/USDT: Breakout Alert: 60%+ Upside Potential in Play!🚀 Hey Traders! 👋
If this analysis resonates with you, smash that 👍 and hit Follow for premium setups that actually deliver results! 💹🔥
ONDO is showing bullish momentum, breaking out of a bullish flag on the 4-hour time frame. This breakout signals potential for a significant upward move. Let’s break it down:
🔍 Technical Highlights
Breakout Confirmation: ONDO has broken out of the bull flag after consolidating above the EMA 50, showcasing strength.
Retest and Hold: Price is retesting the breakout zone successfully, signaling readiness for continuation.
🎯 Key Levels
Entry Zone: $1.58 - $1.64
Target: $2.63 (Potential 60%+ upside)
Stop-Loss: $1.43 (to protect downside risk)
Lev: Use low lev (Max 5x)
💡 Trade Insights
The confluence of the breakout and EMA 50 support adds strength to this setup. If the momentum continues, ONDO could deliver substantial returns.
📈 Are you in this trade? Share your thoughts and strategy below!
👉 Follow for more premium trade setups and updates. 🚀
Solana - Finally Initiating The Bullish Breakout!Solana ($CRYTO:SOLUSD) is finally breaking above the highs:
Click chart above to see the detailed analysis👆🏻
In the end of 2023, Solana create a so called reversal triangle breakout and rallied more than +1.000% over the past couple of months. However looking at the current all time high breakout rally, this might still just be the beginning of the next massive Solana bullrun.
Levels to watch: $200, $500
Keep your long term vision,
Philip (BasicTrading)
S&P500 - The Most Important Channel Breakout!S&P500 ( TVC:SPX ) is retesting a crucial breakout area:
Click chart above to see the detailed analysis👆🏻
During 2024, the S&P500 rallied more than 25% after we already saw a very bullish year of 2023. However, momentum is always more likely to continue and since the S&P500 is currently retesting a major breakout level, this bullish momentum could lead to a final breakout.
Levels to watch: $6.000
Keep your long term vision,
Philip (BasicTrading)
Catching Dips any Coin with Spiderline !The Spiderline is a concept in cryptocurrency that refers to a specific strategy or indicator used in technical analysis to identify key support and resistance levels on the price charts of crypto assets, particularly Bitcoin.
This concept is based on retracement levels or structures calculated from historical market data. Here are the key points to understand the Spiderline:
Origin:
It is often used by experienced traders to visualize critical zones where the price has historically reacted (bounced or been rejected). These zones are derived from specific lines on the charts based on previous Bitcoin price movements.
Usefulness:
- Identify support levels: where the price could stop during a decline.
- Determine resistance zones: where the price might struggle to move higher.
- It also helps plan entry and exit points based on the likelihood of market reactions.
Differences from traditional indicators:
Unlike tools like moving averages or the Relative Strength Index (RSI), the Spiderline is more specific to Bitcoin's historical behavior and is often used over longer timeframes.
Associated strategy:
Traders use it to refine their buying or selling decisions, avoid trading against strong trends, and manage their risk effectively.
Credit Inspired by #Cryptoface
ANGEL ONE - AN INVESTMENT PICKHello TRADERS and INVESTORS,
here i am coming with a new opportunity for investment
SO talking about ANGEL ONE, it is now looking beautiful TECHNICALLY and also FUNDAMENTALLY
Technical Analysis Using Elliott Wave Principles on ANGEL ONE (Daily Time Frame)
Through ELLIOT WAVE one can understands the psychology of price movements.
There is a Principle of 5 WAVES called IMPULSE WAVES which shows up-move of the price.
CURRENT WAVE SCENARIO
The main impulse waves are decorated in black color on the given chart as 1-2-3-4-5
the stock has completed its 4th wave as correction, now it is moving to its final wave i.e. WAVE 5th which can give you the targets of all time high.
Technical View
* The stock has given breakout of a wedge chart pattern with good intensity of volume.
* ANGEL ONE is Challenging BOLLINGER BANDS along with breakout
* All the indicators such as RSI, MACD, Directional Movement Index as turning to bullish.
Fundamentally also the company is looking strong having PROFIT GROWTH of around 69% compounding in last 5 years, RETURN ON EQUITY is around 45% in last 3 years.
Trade Plan
* One can enter at Current Market Price
* Stoploss 1934
* Targets 3000-3200-3450-3800🚀
CONCLUSION -
ANGEL ONE has given a breakout and now this stock might be the buy on dip stock so keep on radar you might get an opportunity on every dip now but always keep SL in mind for any poor circumstances.
Thank you
* KARANN DINGRA💰
XRP Christmas Rally Imminent! New All time high incoming!!BITSTAMP:XRPUSD Your last opportunity to get XRP at a discount before it goes parabolic is presenting itself. $1.52 -$ .1.50 is the target bottom....
If it doesn't get back down to $1.96, then that means $1.96 was the bottom, and we would backtest that level and break straight out of this bull flag pattern! 🚀
reversal of this downtrend, an ABC correction, could possibly be complete by the 11h of Dec.
Tesla - Ending 2024 With A Parabolic Rally!Tesla ( NASDAQ:TSLA ) is clearly not done for 2024:
Click chart above to see the detailed analysis👆🏻
Despite (or maybe even because of) the strong rally during November of 2024, Tesla is clearly not done with its bullish plans yet. Market structure, cycles and also price action are all pointing to a stronger move higher and we will see at least a retest of the previous all time highs.
Levels to watch: $420
Keep your long term vision,
Philip (BasicTrading)
Netflix - Please Buy This All Time High!Netflix ( NASDAQ:NFLX ) will retest the resistance trendline:
Click chart above to see the detailed analysis👆🏻
Netflix is currently perfectly breaking above the previous all time high and with a +16% candle of November, bulls are totally in control of this stock. If we look at previous cycles, there is a 100% chance that Netflix will now retest the upper resistance trendline of the reverse triangle.
Levels to watch: $1.200
Keep your long term vision,
Philip (BasicTrading)
TradeCityPro | EURAUD : A 627-Day Consolidation Zone👋 Welcome to TradeCityPro!
In this analysis, I want to review the EURAUD forex pair for you. The analysis is conducted on the daily timeframe.
📅 On the daily timeframe, the pair has been ranging between the support level of 1.60295 and the resistance level of 1.68538 for a very long time. The duration of this range has now reached 627 days.
🧩 Currently, the price is facing resistance at 1.65286, and if this resistance is broken, it could move toward the top of the box. A break of 66.57 on the RSI could introduce bullish momentum into the market and increase the likelihood of breaking this resistance.
📈 If the price reaches the top of the box, the resistance at this level is 1.68538, which is a very strong resistance. If this level is broken, the next area to watch is 1.72457.
🔽 In the event of a decline, the first area of support is at the bottom of the box. If this level is broken, the next support is at 1.58785, which is close to the bottom of the box. The major support levels to watch after that are 1.56542 and 1.52961.
✨ Considering the prolonged duration of this box, if it breaks on either side, it could act like a compressed spring, moving sharply and powerfully in the direction of the breakout.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
LT READY TO SKY ROCKETLT has given a beautiful breakout today from the long standing Resistance level as marked on chart. With its well-established bullishness the stock is bound to go in for a long bull run. Targets can be open. Long Term Targets to be around 4500 level.
Simple Price Action at its best.
P.S. It has also given a breakout on the weekly TF, which is even more of a reason to buy the stock. Fundamentals look good too.
JASMY did 200% Within few daysSEED_DONKEYDAN_MARKET_CAP:JASMY Update: Strong Performance 🚀
▪️ Entry Zone: $0.020 ✅
▪️ Current High: $0.06 (+200% from entry)
▪️ Target: $0.1–$0.2 (as per prior chart analysis)
▪️ Support to Watch: $0.04
Key Advice:
1️⃣ Avoid full FOMO during bull markets—always make informed decisions.
2️⃣ Book partial profits when an altcoin 2x from your entry; holding profits is a safer strategy.
3️⃣ Fresh entries in heavily pumped coins are not recommended.
Stay focused, manage risks, and trade wisely.
BAND dip entry swing trade opportunity?I know it doesnt seem like much of a dip but in the ascending channel it has assumed, it is a dip to bottom of channel. I have been posting a bunch of momentum trade targets where a resisting trendline is broken and assets break out once they finally break through, but a lot of those can leave you wondering where to exit, best if you can handle it with a trailing stop loss if you have it available to you.
Buying the dip tends to be safer and you have a clear definition of when to accept loss and bail and where about's to exit. I prefer ascending trendlines, I dont like to swing trade a descending trendline though in some market conditions thats all we have, but right now this is a bull market so there are plenty of options.
So here with BAND you see 3 components to my entry
#1 A strong identifiable ascending trendline
#2 We are testing support
#3 We break out of the short term descending resistance that pushed us down to test support, indicating we are switching directions from descent to ascent.
Then where to exit, the easiest way to see where resistance is, copy your Tradingview line and paste it, then move it up, you will find top of channel by moving the line (without changing angle, just moving up or down) to the top of the tallest candle above the trendline. You can also usually find a mid-channel line which will present resistance and support along the way.
This chart infers if we enter here, we might can exit at around $2.70, depending on when we get to top of channel. Of course this hasnt triggered yet, it could break that longer supporting trendline and then it would be bearish and not ideal to trade.
I have numerous assets I am watching that are in this state now, i am currently using 3 commas to monitor the trendline I have #3 pointing to on this (and similar on other assets), if it breaks through, I will pick up the position automatically. I can use an exit signal also via the top trendline though atm I am trying with a loose trailing stop loss.
Orderbooks dont look exciting on BAND atm and volume isnt exciting either, but I think its hard to use those when trying to "buy a bottom", you are trying to buy it in its worst condition as of recently.
Anyway another opp to bring to your attention, another tool you might can use in your toolbelt and of course as usually, DYOR, this write up should not be something you use as the deciding factor to trade an asset. Also as always, sentiment can change any time a trendline is broken so watch the lines and be ready to adapt.