SPXL - Breakout Ceiling of Falling Trend Channel- SPXL has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate.
- SPXL is moving within a rectangle formation between support at 62.45 and resistance at 83.75.
- A decisive break through one of these levels indicates the new direction for the stock.
- The stock has marginally broken up through resistance at 75.00.
- Overall assessed as technically neutral for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
Breakoutsignal
ADAUSDT - Breakout Ceiling of Falling Trend Channel- ADAUSDT has broken through the ceiling of a falling trend channel in the medium long term.
- ADAUSDT has reacted back after a possible false break of the inverse head and shoulders formation.
- A decisive break up through 0.40 will again give new positive signals to the currency, while a break on the opposite side of the formation will be a strong negative signal.
- ADAUSDT has broken down through support at 0.42.
- Overall assessed as technically neutral for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
WavePoint ❤️
Lumax Auto After a significant correction in the stock and now seems ready to fly 🕊️ l 💸
Weekly close above 30∅ will attract more bulls to this stock
TGT 350- 420-480+
So for me its a buy with sl at 202 (Long term) and below 245 for mid terms
Its time to add this into your watchlist for sure ✅
Note : For educational purpose not any personal recommendation for the mentioned stock.
TATA COMMUNICATIONS LTD - Long Term + Cup & Handle Breakout Soon📊 Script: TATACOMM (TATA COMMUNICATIONS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY MID CAP
📊 Sector: Telecommunication
📊 Industry: Telecom - Infrastructure
Key highlights: 💡⚡
📈 Script is about to give cup & handle breakout, technically script is looking good for long term investment.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 1258.95
🟢 Target 🎯🏆 - 1400
⚠️ Stoploss ☠️🚫 - TRAILING
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
Apple -> Breakout Baby Let's GoooHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Apple stock is currently breaking out of a multi-months long consolidation phase with the previous resistance being exactly at the HKEX:165 area.
You can also see that from a weekly perspective, market structure is extremely bullish, we have the next strong resistance at HKEX:175 so I simply do expect more continuation towards the upside from here and eventually a break above the resistance and also new all-time-highs for Apple.
On the daily timeframe you can see that with today's candle, Apple stock is breaking above previous daily resistance which is now turned support so I am just waiting for a retest and some bullish confirmation before I then do expect lots of continuation towards the upside from there.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
This One Chart is Key for Altcoins!Traders,
It's simple. The Altcoin Market is currently preforming a classic re-test of previous resistance (now support) at the inverse H&S neckline:
- If it holds, Alts are safe for the moment and will continue upwards short term.
- If it breaks, the inverse H&S pattern becomes invalidated and alts have further drawback ahead.
Keep a close eye on this chart.
Stew
EURCAD - New Breakout 🔥Hello Traders 💖
On The Daily Time Frame The EURCAD Price Reached a Resistance Level !
The Price Formed a Rising Wedge Pattern📈
Currently, The Support Line of the Pattern is Broken 🔥
so, I Expect a Bearish Move
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TARGET: 1.45630🎯
___________
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Very Good R:R BTC IdeaVery Good R:R BTC Idea
R:R, or risk-to-reward, is a critical concept in trading that refers to the potential profit (reward) in relation to the potential loss (risk) of a trade. Tradingview is a popular online platform for technical analysis and trading that provides a variety of tools and features for traders.
When it comes to trading BTC, having a good R:R idea can be an essential component of a profitable trading strategy. Here are some key steps to developing a strong R:R BTC idea on Tradingview:
Identify the key levels: Before entering a trade, it is essential to identify key levels of support and resistance on the BTC chart. These levels can provide valuable information about potential price movements and can help traders identify entry and exit points for trades.
Set stop-loss and take-profit levels: Once the key levels are identified, it is crucial to set stop-loss and take-profit levels for the trade. Stop-loss levels should be set at a point where the trade will be closed if the price moves against the trader's position, limiting the potential loss. Take-profit levels should be set at a point where the trade will be closed if the price moves in favor of the trader's position, capturing the potential profit.
Calculate the risk-to-reward ratio: After setting the stop-loss and take-profit levels, it is essential to calculate the R:R ratio. The R:R ratio is calculated by dividing the potential profit by the potential loss. For example, if the potential profit is HKEX:200 , and the potential loss is $100, the R:R ratio is 2:1 (200/100).
Assess the R:R ratio: The R:R ratio is a crucial factor to consider before entering a trade. A good R:R BTC idea should have a ratio of at least 2:1, meaning that the potential profit is twice the potential loss. A higher R:R ratio indicates a better potential trade opportunity, as the potential profit is greater than the potential loss.
Adjust the trade plan as needed: As market conditions change, it may be necessary to adjust the trade plan, including the stop-loss and take-profit levels, to maintain a good R:R BTC idea.
In conclusion, a good R:R BTC idea on Tradingview requires careful analysis and planning, including identifying key levels, setting stop-loss and take-profit levels, calculating the R:R ratio, and adjusting the trade plan as needed. By following these steps, traders can develop a profitable BTC trading strategy and increase their chances of success in the cryptocurrency market.
ALTCOINS: Key Comparison Shows Altcoin Market Is Ready To FlyHello All,
The market has had a great year! Everything has been playing out nicely.
BTC has risen more than most & now we have ETH making yearly highs.
Do we know what is next? ALTS! It has happened too many times in this order.
(First bottom, then entire market bounces, then entire market corrects, then BTC outperforms along with some alts, then ETH outperforms along with some alts, then rest of alts catch up.)
Everything now points to the idea that ALTS are about to run hard!
In this idea, I am comparing the TOTAL crypto market cap (BTC & ETH & all others) to the altcoin market cap (excluding BTC & ETH & stablecoins).
As we can see, the altcoin market cap has been severely lagging behind the total crypto market cap (mainly because of BTC & ETH outperforming).
The total crypto market cap has just fully cleared its August 2022 swing high. Altcoins are nowhere near there yet!
As seen with the orange trendline drawn, when TOTAL broke over it, it has rallied straight past the 200MA and onto its first HTF higher high!
Altcoins just broke this same orange trend line! Next up is the 200MA and then the August 2022 swing high.
This seems like a high conviction play.
Keep close eyes on your favorite alts.
Thanks for reading!
Please comment and like!
Multi Year breakout Confirm multi-year breakout on this stock as :
Cmp 2220
TGT 3000-3200-3500++
Sl below 2080
Positive Factors as :
Increased FII Holdings
Good Q3 results
FV 10
Good P/E ratio
EPS 60+
ROE 16+
Follow strict stop loss as the market is unpredictable
Note: Just an idea not any recommendation to buy or sell the particular stock.
TBO Breakout on $ETHThe "TBO" Indicator (we have to type it in quotations because TBO is a ticker here on TradingView) stands for Trending Breakout Indicator, and it does two things exceptionally well: gauge the strength of the trend, and identify when a breakout (or breakdown) could happen. No indicator (just like any trader) will be 100% accurate every time, but based on past performance, we can see that the "TBO" has accurately predicted price breakouts for Ethereum 7 out of 10 times. These breakouts have resulted in moves ranging from 50% to over 500%, so you can understand why we are interested in the current price action showing two "TBO" Breakouts in the last three days.
Before we get all giddy and excited about the possibility of a bullish breakout for ETH, let's look at the last 3 times the "TBO" Breakouts failed.
Failure #1: June 2016. ETH had already made a major move from ~$1 up to $13 in early 2016. The "TBO" Breakout we're focusing on had a good structure (price above the cloud, three "TBO" Breakouts in a row, all "TBO" lines in the cloud pointing up). There must have been some FUD at the time to drop the price -52% over 2 days, and I don't know what it could have been.
Failure #2 and #3: both of these happened right next to each other in 2021. Both of these happened after a huge run starting back in December 2020.
So why did these fail? Our guess is because these "TBO" Breakouts were printed after substantial moves over 700%, both in 2016 and in 2020 (funny how those are 4 years apart...). While not every "TBO" Breakout resulted in several hundred percent moves, each successful breakout seems to have appeared after the completion of a bear market lasting about a year. So when we step back and look at the current conditions, it would seem that this is our first "TBO" Breakout after coming out of a significant bear market. For this reason we are long on Ethereum- even if for a move of only 50% or so.
What would change our mind is if the price of ETH made a sudden drop greater than 30%, which has happened in the previous failed "TBO" Breakouts mentioned above.
GBPUSD - NEW SUPPORT LEVEL🔥HELLO TRADERS !
On The Daily Time Frame The GBPUSD Price Reached a Major Key Level !
Currently, The Resistance Level is Broken and becomes a New Support Level 🔥
so, I Expect a Bullish Move 📈
i'm waiting for a retest...
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TARGET: 1.26200🎯
___________
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Bitcoin broke the resistance above into April #EasterBullRun !!!I have been following bitcoin for the past 3 months trying to catch the bottom and top of this rally, It's not an easy task so I urge you to take my word as an Easter gift because #BTC just broke the line resistance line above 28K. #EasterBullRun #EasterBullish
As usual, We all know it's not possible to catch the top or bottom of any market but 80-90% accuracy is enough to make you win big !!
Just buy $BTC and hold till 100k !!
Audius with a potential breakout!Traders,
Audius looks to be breaking out to the upside here. As reviewed in my previous altcoin video, we were in a bullish descending wedge. I wanted to see both a break above the topside of our descending wedge as well as a break above that level of resistance at .276 cents. Those two criteria have been met. So finally, I'd like to see a confirmation on the daily. We need to see a close above .276 and another candle both opening and closing above that same price. This would confirm the break.
Now, to look for entry.
Often after a breakout, price comes back to retest the upperside previous resistance. In this pattern, this ends up being the topside of our descending wedge. Once touched (after confirmation), this is where I would be looking to enter this particular trade.
One thing I don't like, is that 50 day ma above us. This may dis-sway my enthusiasm in this trade a bit.
Stay tuned. I will post if/when I do. Along with potential targets and SLs.
Best,
Stew
BHARAT WIRE ROPES : PUBLIC SPECIAL BHARAT WIRE ROPES
Structure looks very interesting
As it broke resistance trendline and neckline for double bottom too with taking support at 61.8 Fibonacci retracement level around 85
Cons. Include increasing retailers shareholding with decreased FII'S Quarterly shareholdings ..
But structure is bullish so ATH can be seen very soon with trail SL thereafter...
UBX - possible retestA possible retest of the upper red zone would be the best entry here. It looks like it wants to retest it (was nice resistance before). If we break above the yellow zone, we have an excellent chance for a bigger move.
Details on the chart
Good luck traders