Bullish Anti-Shark Harmonic on MRNAI've spotted some bullish harmonic patterns on Moderna (MRNA) that are showing strong potential! 📈 There's one fully formed pattern and another one waiting to complete. 📊 The Relative Volume (RVOL) average is backing the strong support levels, suggesting that MRNA might be bottoming out around this area. 🌟
📉 Chart Analysis:
1️⃣ The current pattern shows a potential reversal from the recent downtrend, with significant support around the $104.91 level.
2️⃣ The RVOL indicates increased buying interest, which further supports the likelihood of a bullish move. 📈
🎯 Trade Setup:
Entry Point: Look for confirmations around the support level.
Target 1: $136 💰
Stop Loss: $104.91 🚨
📝 Why I'm Interested:
The combination of harmonic patterns and strong RVOL support makes this setup particularly compelling. Harmonics often signal high probability reversals, and the volume support adds another layer of confidence. 📊📉
📅 Timeframe: I'm looking at this setup on a 3H chart, which means it could take a couple of days to fully play out. ⏳
🔔 Stay Updated: Make sure to keep an eye on the price action and adjust your strategy as needed. Happy trading! 🎯
#MRNA #Harmonics #RVOL #Trading #StockMarket #TechnicalAnalysis #TradeTalkFarsi 📈🚀
Bullishpattern
$ETH TO 15K BY DEC?The 3.618 on the fib from the 2018 ATH put's us on 2021 cycle ATH of ~$4.9k. The 3.618 on the fib from the cycle ATH of 2021 put's us on this cycle ATH of ~$15k possibly by December this year. This 3.618 on the fib also intersects with the cycle tops trendline from 2018. I don't think it's a coincidence. This would also mark a completion of our major 5th wave that is about to begin. Let me know what you think in the comments. Thank you.
100-600% Potential on NOTUSDA few weeks ago, I shared an optimistic outlook for this coin. However, the market did not align with my expectations and the price continued to decline within a descending channel.
Upon analyzing the chart, it's clear that price increases were accompanied by high trading volumes, while price drops occurred with minimal volumes. This pattern suggests that significant traders refrained from selling during price drops, leading to nearly no volume during corrections. Instead, these influential traders seem to be capitalizing on price upticks, driving strong upward movements in the price.
If you didn't get in last time, wait for a retracement to the 50-61.8% of the Fibonacci level, and don't trade what you can't afford losing.
SWING IDEA - RBAPrice Action made a retest @ 90 levels and MACD started making a Higher Low Pattern formation, which took the stock up to 50%+ profits.
Another MACD Cross is in play now at a good zone.
Ideally it should take the stock easily to its previous Swing High and possible even higher.
Stock is currently at a good buying zone. Let's see how the Price Action plays out for the new MACD Cross now.
NZFCHFNZDCHF is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
Advanced Entry setup on Advanced Enzyme Ltd?Advanced Entry setup for Advanced Enzyme?
ABOUT
Advanced Enzyme Technologies Limited is engaged in the business of manufacturing and sales of enzymes. The Co. is the 1st Indian enzyme company with 2nd highest market share in India. It is the 2nd listed integrated enzyme player globally.
FUNDAMENTAL
Since we are looking at the weekly chart, it becomes very important to check the fundamentals.
• Company is almost debt free.
• Company has been maintaining a healthy
dividend payout of 20.9%
• OPM % increasing you
• Cash Flow positive
• FII and DII increasing shareholding.
TECHNICAL
• On a weekly TF, we can see a cup and handle pattern and the formation is completed.
• Increasing volumes are increasing the chances of a breakout
• RSI is at 60, indicating a potential buying strength and is not overbought.
• Trading above 50, 100 and 200 EMA indicating bullishness.
ENTRY, EXIT, TARGET, STOPLOSS
- If you are a risky trader you can buy some qty at the CMP or above previous day high and add more on breakout.
- If you are a risk averse trader then buy some at breakout and more at retest.
- The safe buying zone is above 424 and little aggresive players can add above 410.
- Since the duration of holding is around 6 - 9 months, don't place SL, but if you want to then SL should at 350.
- Target 1 is 480, Target 2 is 570
Happy Trading :)
Oh boy!Inverse HS not confirmed in the monthly timeframe. The markets are doing very scary moves in stocks and forex. Something big is happening. Looks like is going to break out a downtrend from 2015!!!!!. I'm already all-in in AUSUSD but I can't miss this one. I'm transferring more funds to forex account. I hate cash lol.
SWING IDEA - PUNJABCHEMStock 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.
XRP Bullish Symmetrical Pattern Breakout: Potential Gains Ahead!XRP Ledger's native digital currency, XRP, operates on an open-source, permissionless, and distributed ledger that settles transactions in 3-5 seconds. It can be sent directly without needing an intermediary, making it a convenient instrument to bridge two currencies quickly and efficiently. Currently, there is significant potential seen in XRP, as it is forming a bullish symmetrical pattern over a long time frame.
This pattern emerged after the downtrend starting on December 25, 2017, which lasted until 2020. During the 2021 bull run, price movements were within this pattern. It is expected that in the 2025 bull run, XRP will break this pattern’s resistance, leading to substantial gains. This pattern is likely to be completed in 2024 or 2025.
XRP has a maximum circulating supply of 100 billion tokens, with approximately 55.69% of the supply currently circulating. The alt season is anticipated to begin around Q4 2024 or Q1 and Q4 2025, bringing substantial volume across the market. XRP has the potential to provide significant gains, with strong support currently at $0.4496, from where a substantial upward movement is expected. If this support level breaks, the next strong supports are at approximately $0.2474 and $0.22, where a bounce is likely.
As the alt season is approaching, we expect market volume to start increasing post-October 2024, leading to noticeable market momentum. It is crucial to exit the market around Q1 or Q4 2025, as the bull run and alt season are expected to end around this time, with prices potentially near these resistance levels.
Calculations indicate that XRP's bull run targets could reach a minimum of $11.56. If XRP flips the $11.56 resistance by Q1 2025, we might see maximum targets around $14.02. Prices tend to pump unexpectedly during alt seasons, and similar volatility can be expected again. However, it is important to keep trades active while observing resistance zones and to exit long positions around Q1 or Q4 2025.
For more analysis like this, follow us on TradingView to stay updated with our latest ideas. Share your thoughts in the comments, and let us know if you would like an analysis of any specific coin or project. We are here to provide you with detailed insights to help you make informed trading decisions.
XRDBTC ready for 9x(?)As you can see here, Radix - Bitcoin (XRDBTC) is in a huge falling wedge. A falling wedge is a bullish pattern. After years of waiting it will now probably/maybe(!) breakout. Radix delivers great tech and is therefore a very interesting L1 solution for DEFI.
Check the RSI, which is now in the 80-20 zone.
When you look at the yellow dotted lines you can see the potential when it will break-out.. DYOR!
#BTCUSDT #4h (ByBit) Falling broadening wedge breakout & retestBitcoin regained 50MA support and is pulling back to it, seems ready to pump towards 200MA resistance after.
⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (12.0X)
Amount: 5.1%
Current Price:
62917.6
Entry Targets:
1) 61920.3
Take-Profit Targets:
1) 65955.6
Stop Targets:
1) 59897.6
Published By: @Zblaba
CRYPTOCAP:BTC BYBIT:BTCUSDT.P #Bitcoin #PoW bitcoin.org
Risk/Reward= 1:2.0
Expected Profit= +78.2%
Possible Loss= -39.2%
Estimated Gaintime= 1 week
GBPUSD - Strong Rally Above 1.2675The GBPUSD has traded above the Weekly Key Price of 1.2675, establishing an uptrend in the 15-minute timeframe. Although the weekly, daily, 4-hour, and 1-hour timeframes are bearish, we focus on trading what we observe in the current timeframe. With the price trading above 1.2675 and a bullish wave structure, our action is to either buy or remain on the sidelines as long as the price stays above this key level.
Buy Entry: 1.2385
Technical Stop Loss: 1.2665
Key Level Stop: Below 1.2675
Always think in probabilities.
A long-term bull market is likelyGreetings,
Dear friends, I hope you are well and have had a week filled with successful and profitable transactions.
Regarding the oil market, I believe that it has the same behavior as the gasoline market. Anyway, gasoline is one of the derivatives of oil. Now we need to examine patterns 1.2 and 1.2. We had an impulse pattern for the first wave in the larger degree and then again in the smaller degree, which did not look regular.
With this assumption, I have considered a shock pattern and the second wave is a zigzag, whose price has crossed the B wave and is expanding. The price action of the impulse pattern extended by a shallow correction completes the third wave of the same level. After the completion of five waves, it is expected to wait for a corrective pattern following growth and correction. It is possible that it can be a superficial correction and the continuation of the trend will happen quickly.
Note: I am a new analyst in the world of wave principles with three years of experience, and I am developing an analytical idea. There is no 100% certainty in financial markets due to the complexity of various patterns that can change. However, I do my best to back up any analysis I share with you guys with everything I've learned so far.
A brief explanation of the three fundamental laws of the wave principle:
1. The second wave should never go beyond the beginning of the first wave.
2. The third wave should never be the shortest wave between waves 1, 3, and 5.
3. The fourth wave must never enter the territory of the first wave.
Ralph Nelson Elliott was the founder of this theory, and when asked about his view of the market, he always referred to five waves in the direction of a larger trend and three waves against the direction it was taking. After completing an eight-wave cycle, a larger cycle is formed in the future. It's as simple as that.
May his memory be cherished, and may his soul rest in the shelter of God Almighty and the eternal world.
I am attaching the analysis of this market that I shared with you earlier to this current analysis.
The last word of my analysis text is repetitive, except for the explanation of the current analysis, because I also trade in the financial markets and am active in my social networks, working hard to improve my skills in analysis and trading to reach my goal.
I apologize for repeating the text.
I welcome suggestions and criticisms, and I will certainly respond, but a logical reason is important to me.
Thank you for taking the time to review my analysis, and thank you all.
To all my dear friends and colleagues, first of all, I wish you health and success in your goals.
Mehdi Abbasi with the nickname (Mr. Nobody)