Chartanalysis
Is Gold About to Surge or Drop? Handle XAUUSD's Next Big MoveChart 1: 15-Minute Timeframe
Key Observations:
Trendlines: The chart displays an ascending channel pattern. The upper and lower trendlines are drawn to capture the price action within this channel.
Resistance Zone: There is a marked resistance zone around 2470-2480, where the price has faced rejection multiple times.
Support Levels:
Immediate Support: The lower trendline of the ascending channel acts as immediate support.
LQZ/Reversal Point: At 2429.19, there is a significant level indicated, likely a liquidity zone or a potential reversal point from a higher timeframe.
Chart 2: 1-Hour Timeframe
Key Observations:
Higher High (HH): The chart indicates a higher high formation at the recent peak, suggesting an uptrend.
Possible Scenarios:
Bullish Scenario: If the price breaks above the resistance zone around 2480 and holds, it could target higher levels around 2520 and potentially 2550.
Bearish Scenario: If the price fails to break the resistance and instead breaks down from the ascending channel, it could move towards the LQZ/Reversal points at 2429.19 (1-hour) and 2391.39 (4-hour).
Support Levels:
1-Hour LQZ/Reversal Point: At 2429.19, providing a potential support zone for a bullish reversal.
4-Hour LQZ/Reversal Point: At 2391.39, indicating a deeper support level from the 4-hour timeframe.
Immediate Support: The lower trendline of the current ascending channel.
Summary:
Immediate Focus: Watch the price action around the resistance zone (2470-2480) for potential breakout or rejection.
Bullish Confirmation: A breakout and retest above 2480 could signal a continuation towards higher targets.
Bearish Confirmation: A breakdown from the ascending channel and below the immediate support levels could trigger a move towards the lower LQZ/Reversal points.
Key Levels to Watch:
Resistance: 2470-2480
Support: 2429.19 (1-hour LQZ), 2391.39 (4-hour LQZ)
VeChain: Turned AroundVET gained sharply last week and left our blue Target Zone (between $0.0179 and $0.0292). In view of this neat turnaround, we now consider the blue wave (ii) to be complete and see the price in the same-colored wave (iii). This movement should reach beyond the resistance at $0.0550. Within the internal substructure, however, it remains possible that our Target Zone could be approached again, which is why we are currently keeping it active. In the event of a further dip, investors can once again cover their positions with long positions, whereby stops could be placed around 1% below the lower edge.
Marathon Digital: Strong!We expect the MARA price to continue to rally during the blue wave (x). Only when the high is placed a little closer to the resistance at $31.30 should there be a sell-off into our magenta Target Zone (between $16.35 and $9.86), which completes the same-colored wave (ii) correction. Within this range, investors can open long positions, whereby stops could be placed around 1% below the lower edge. Once the low is set, the price should rise above the resistance at $31.30. Only our 33% probable alternative scenario calls for a more bearish development: it still places the stock in the green wave alt. (2)
Riot: Tug of warThe bulls and bears are currently engaged in a tug-of-war on RIOT's chart. From a technical perspective, the magenta wave (ii) could already be over. However, we are not yet convinced of this and give the price room to move closer to the support at $7.80. Only when the low of the move is established just above this level should the price turn around and rise significantly with the magenta wave (iii). Following this move, a small interim correction is likely to set in again, but this should be followed by a further rise above the resistance at $20.64, which completes turquoise wave 1. If, on the other hand, the price were to slide imminently below the aforementioned support at $7.80 (36% likely), we will have to see it in the magenta-colored wave alt. (2). In this alternative scenario, it should fall back into the same-colored Target Zone between $6.99 and $5.24.
PEPEUSDTPrice faced FVG so we can expect red candles
when price face FVG in ICT we can expect different situations base on candles and patterns
in this case we can expect that short trend will occur
RNDR 4HAnalysis for CRYPTOCAP:RNDR on 4H time frame. It has broke a long down trendline and can provide good gain with RR of 2.5. Targets are given on charts.
BlackRock: Final StraightWe expect the Blackrock share to rise a little more before it completes the turquoise B wave. Once that is done, we anticipate a sell-off into our magenta Target Zone between $690.19 and $623.99. However, please note our alternative scenario (32%) which envisages an overshoot of the expected wave B top.
Cardano: Ready for Take-OffWe consider the magenta-colored wave (ii) interim correction to be complete and expect an impulsive rise to above the resistance at $0.81.
VCP - Excellent Techno Funda PerformerGuys, it seems Marine Electricals getting ready for Super Performance soon. VCP Pattern - 14W-16/7-3 followed by STRONG Order Book both domestic & abroad suggests its a good Techno Funda pick
Necklace Pattern=BSOFTBSOFT has shown breakout for chasing it's own Necklace recently.
It will be interesting if it reaches 500 & 588 respectively.
Necklace Pattern=TEXMACO RAILEntered at 46, already 90% Up.
Is it jumping to reach it's ATH?
This is purely for Educational Purpose, Not a Recommendation or up-selling!
WLD ( WORLD COIN) CAN ENTER NEW ALL TIME HIGH $8 SOON!Thanks for reading this update.
We expect that there is a high chance that WLD will enter $8, since the confirmation
WILD is a great coin that can show unexpected targets.
We will follow this coin for new ATH
WLD can enter for the second time the $8
we did it before with WLD, see before update and this time it shows exactly same signals as before when it did target to $9 - we expect new round coming.
$LESLNot financial advice.
NASDAQ:LESL
Going on its way up inside this broadening formation.
Scenario #1
Goes back up to fill the gap on purple box and bulls recover for more upside.
Scenario #2
Is Working on this A,B,C,D,E megaphone.
Like and follow for more ideas.
Thanks.
Occidental Petroleum: Do not Slacken!We still locate the Occidental Petroleum stock in the wave (c). In the next step, it should therefore exceed the resistance at $71.19 to mark the high of the superordinate wave B in turquoise. Subsequently, there should be strong sell-offs.
Chart reset: drop down Gold analysis - WeeklySo I have hit a real brick wall. I have not hit it once, I have hit it over and over again and I need to reset and align myself to my strategy, edge and focus.
What is the idea? Well I need to do some more drop down analysis to ensure I am focused and know where the market is going and which direction I am because without it, I am just gambling and I can't do that anymore.
The strategy? Price action trading using confluence between the time frames and long term bias to set direction. Price structure is also considered as we need to know the strength of each push.
RULES FOR ENGAGEMENT:
- WEEKLY AND DAILY SET BIAS - ABOVE 200 BUYS (GREEN) BELOW 200 SELLS (RED)
- 4HR MUST AGREE WITH HIGHER TIMEFRAME
- BUY OR SELL WELL MARKET IS OVERSOLD OR OVERBOUGHT, AT SUPPORT/RESISTANCE AND MACD IS CROSSING
- LOOK FOR DIVERGENCE ON RSI
Further testing and changes to take place to ensure the changing of trend can be taken into consideration with both swing and intraday trades.
(Examples to follow)
ANALYSIS OF THE WEEKLY:
- Price broke to the upside back in mid March solidifying the bullish trend. We should have seen this from previous price action when price was in a long term range and opportunities to buy at the bottom were present.
- While price is continuing in this bull run, on the shorter time frames we have plenty of opportunities to enter long and compound (See following posts)
- Price is now consolidating in a range. Action for a range? Buy at the bottom (support) and sell at the top (resistance) - wait for the breakout for further confirmation.
What can we take from this chart?
- Price is bullish and above the 200 MA which give us buying permissions.
Onto the next chart.
Waste Management: Lower!Primarily, we expect further downward movement, which should take the price below the support level of $189.97. However, please note our alternative scenario (43% probable). This scenario will unfold if the stock breaks significantly above the $218.62 resistance level. In this case, we will have to assume that wave III in beige will make a new high after all. As in the primary scenario, however, far-reaching sell-offs would also be on the agenda here.
Cronos: Turning PointCRO reached a new local low last Friday and then turned upward again. Based on this development, we now consider the green wave (ii) to be finished and see the coin in the green wave (iii). In the further course, the price should clearly overcome the resistance at $0.18. If, on the other hand, we see a sell-off below the support at $0.07 (30% likely), we would instead have to assume a fresh corrective bottom in the form of the turquoise wave alt.2 below the support at $0.04.
APOLLO HOSPITAL / SWING TRADE # GOOD STRONG CLOSE
#TRADING OUTSIDE A CONSOLIDATION ZONE
# SL 6300
ALWAYS TAKE RISK REWARD IN TO ACCOUNT .IT IS THE CORE STRENGHT OF TRADING.
NO MATTER WHAT END OF THE DAY WHAT YOU EARN - WHAT YOU LOSE =RETURNS
"Investing in the stock market involves balancing risk and reward. Higher potential returns typically come with higher risk, while safer investments may offer lower returns. It's essential to assess your risk tolerance and investment goals carefully. Diversifying your portfolio can help manage risk. Remember, informed decisions and a long-term perspective are key to navigating the complexities of the market."
SYNGENE / SWING TRADE# STOCK TRADING ABOVE TRIANGLE PATTERN IN 30 MIN CHART
# TAKING SUPPORT FROM SMA 21
#SL 705
ALWAYS TAKE RISK REWARD IN TO ACCOUNT .IT IS THE CORE STRENGHT OF TRADING.
NO MATTER WHAT END OF THE DAY WHAT YOU EARN - WHAT YOU LOSE =RETURNS
"Investing in the stock market involves balancing risk and reward. Higher potential returns typically come with higher risk, while safer investments may offer lower returns. It's essential to assess your risk tolerance and investment goals carefully. Diversifying your portfolio can help manage risk. Remember, informed decisions and a long-term perspective are key to navigating the complexities of the market."
Question everything!.. Could BTC see 40k......From a pure technical stand point i feel like this is possible. All the measured moves are the same. Time frame is right there. PA has been consistent. All i can say is "BUY THE DIP".
What are some thoughts from everyone. Can anyone else see this playing out.
Please feel free to comment and with some thoughts.
Voltamp Transformers Limited - Breakout Setup, Move is ON...#VOLTAMP trading above Resistance of 13100
Next Resistance is at 16496
Support is at 9705
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
