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Bullishsetup

Bunching of Moving AveragesTypically, when you see moving averages get tighter and tighter together, there is a big move coming and its typically in the direction of the side that current prices action is on. This bunching of moving averages happens on many assets but for crypto, the moves that happen after are exponential. As an avid Cardano contributor and trader, here is what I am seeing on a 5day (can also be seen on a weekly). Examples of this same bunching of moving averages can be seen on ETH, DOGE, BTC, etc. if you go back in time. Currently, Cardano is one of the only ones that is in this position.
KRAKEN:ADAUSDLong
by seanders_
1
Hindustan Copper - Is it Really Copper or is it Gold ???Multi-Timeframe Analysis on Hindustan Copper Short Term View: Daily Double Bottom BO done @ Daily timeframe for Target of 350. Just needs to sustain above 290 WCB. On the way, watchout for immediate resistances at 302, 310, 330 Medium Term View: Weekly Flag Pattern BO confirmed on Weekly timeframe. At the same time, it is facing resistance from previous High of 302. Sustaining above 303 WCB will take the price to 390 Long Term View: Monthly / 3Months Its an amazing Multi-year Inverted Head & Shoulder pattern BO on Monthly / 3 Months scale. 14 years BO since 2010. Target 615 perfectly intact Enjoy the Multi-bagger ride of Hindustan Copper.... Disclaimer: 3+ Years Teaching Experience in Stock Market - Technical Analysis, Advanced Patterns, Emotional Management, News based Trading... We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side" *** Important *** Consult your Financial Advisors before taking any positions If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:HINDCOPPERLong
by Stocks-n-Trends
XAU/USD (GOLD) Bullish view: NEW ATH as Support -> $2.5kIn this GOLD/USD trading analysis, we delve into the market movements since 2020, focusing on the formation of a harmonics pattern and the confirmation of the previous low-loading region as support. Notably, the market surpassed resistance around $1500, signaling a significant bullish momentum. Further analysis of the daily timeframe reveals a trend of treating the loading zone, particularly at the monthly level, as support, potentially confirming another loading zone. After surpassing the previous all-time high (ATH) of around $1800, the market established new resistance levels near $2000, leading to a period of sideways consolidation until the end of 2023. Recently, we observed a breakout, with the previous ATH of $2000 now being treated as support multiple times on the daily timeframe. Looking ahead, it's probable that the market will consolidate sideways, possibly retracing to touch the $2000 level as support before another bullish push. However, it's crucial to monitor developments closely, as a breakout above $2000 could lead to it being treated as support, altering the trajectory of the price action. Regardless of short-term movements, price targets are set between $2300 to $2500. Scalpers are advised to examine lower timeframes to identify shorting opportunities to the loading zone. As always, it's important to remember that trading involves inherent probabilities, and the analysis provided here does not constitute trading advice. Traders are encouraged to conduct thorough research and manage their risks accordingly. Dollar-cost averaging is emphasized as a reliable strategy, with a reminder that investing often outperforms frequent trading. Wishing all traders success and profitable trades. Keywords: GOLD/USD, trading analysis, harmonics pattern, support levels, resistance levels, sideways consolidation, bullish momentum, price targets, scalping, dollar-cost averaging, investing, risk management, trading advice.
OANDA:XAUUSD
by PlutusX
Everything In Our FavorI am a previously successful trader who has been out of the game for a few years but I am getting back in to pay off some short term debt and I need to generate some extra income to pay off this high amount of short term debt. I am choosing options again because that is where I was successful before. I turned $2k into $20k 5 years ago and I believe I still got it! But enough about me, lets dissect each indicator I am using for this long call trade. D Plus: Showing a green cloud beneath the most recent candles indicating bullish divergence. If you look further back at the last green arrow indicator it did indeed rise and we could be set up for another rise and the next buy signal could be moments away. These signals are so accurate that the creator charges a subscription for. Next! Triple confirm: Shows several buy signals along with low RSI and lower trade volume. Trade volume could increase tomorrow with AAPL being under bought and speaking of RSI lets take a look at the true RSI indicator. RSI: The RSI is 36.81 making AAPL extremely underbought. This could help us understand that the price will rise as more buyers will buy in bringing this level back up. Technically right now the price of Apple is a steal according to the RSI and buyers want their deals. Divergence: Finally divergence, the divergence shows weakening bearish divergence and growing Bullish divergence. This is a sign that the bulls are regaining strength and could take over causing price to rise as buyers are buying Apple up at this price. What are your thoughts? Would love to see them in the comments! Good luck and happy trading!
NASDAQ:AAPLLong
by Myantman101
2
Match Group (MTCH) About to Take OffI generally don't look at 3M charts, nor do I ever have this many indicators on my charts... BUT they're all aligning - pair that up with an OpenAI partnership and there's no where but up from here. Match Group is the company behind Tinder, Match, Hinge and a total of 40ish relationship apps - I'll breakdown my theory as simple as possible... I can realistically see a 10x+ out of this. AI = Job Cuts = More OF Girls = Bigger Female Egos = Desperate Guys = Pay-to-Date Then, eventually, the lines between a female and AI will blur...but we have time on that.
NASDAQ:MTCHLong
by brettjessen
ORCL Possible buy setupOracle , a Texas based software and cloud giant is making a good possible buy opportunity. What to watch? 1. Weekly chart is showing some healthy pullback to it's previous highs sitting at around $103.73-106.56 price level. 2. When you take the Fibonacci tool and place it on the bottom of the chart which crossed the 200EMA , colored black, and take it to the top, the price had a perfect bounce out of the 38.2% Fib level. This contraction is considered good, especially because there is the 50EMA sitting just there. 3. Since I missed that potential entry point, I am looking on how and when to enter now. The thing I am considering right now is lack of buying pressure and rise in volume for the stock. 4. If we glance at the Daily levels, the stock is trying to close above the 200EMA, and it has been trying to do so for the last month to be precise. I am waiting for a strong upward move and I want to see the price going further away from the 200EMA line, sitting at around $106.5 price level. 5. Once this move happens, I am in. My stop loss will be place below the gap down candles on the Daily level, which are sitting at around $99.5 price level . 6. Depending on the price action of the stock, my take profit levels will either be the previous high of $127.4 or even higher price. If I take the first take profit level, it will bring me solid RR of 1:2.23. Of course, I will be closely monitoring the reactions of the stock and keep you all updated.
NYSE:ORCLLong
by De_Banis
USDCAD Resistance Third Attempt Hi Traders! There may be a break soon as USDCAD looks to test the 1.35440 resistance area for a third time. Here are the details: The price action looks bullish; the market swings are getting higher, and the 20 EMA support re-test has held. Our idea here is to buy market dips leading up to 1.35440 for a possible break above if the bullish momentum continues. The long-term target is around the 1.36269 area, as we expect some resistance there. Preferred Direction: Buy Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX