Get started

Chartanalysis

'THE XRP BREAKOUT CHART' - May predict the month of the breakoutTHE XRP BREAKOUT CHART is a chart I created to show a very interesting trend that I discovered within XRP's monthly chart. Four times in XRP's previous price action history, prior to periods of significant price appreciation, XRP formed a FVG (fair value gap), as shown in the white boxes, which consisted of three candles. Then, while within that FVG, price broke out on the 8th candle four consecutive times. Three of these four FVG breakouts were preceded by, or included, a single liquidation candle breaking below the lower trend line. Regarding current price action, we just saw the pattern liquidation candle this past July. So, it appears that this trend will continue for the next breakout of the current wedge pattern. However, the key takeaway is that the pattern FVG has not formed, which means, as of this month (October), if the pattern is to repeat for a fifth time, then we are at a minimum of eight months away from the breakout we have all been waiting for. The herd—retail investors and YouTube influencers—believe, in sync, that the breakout will begin in mid-December, continue through January, and peak around late February to early March. According to this chart, they’re all wrong. I believe that incredible price appreciation is coming in the future, but I think this pattern will repeat. That means the breakout of the current wedge pattern, at the earliest, will be sometime around mid/late summer to early fall of 2025, most likely on the 8th monthly candle within the next FVG formation. But when will the first three candles form? Good luck, and always use a stop loss!
BITSTAMP:XRPUSDLong
by MetaShackle
11
ExxonMobil: PullbackXOM stock has experienced a setback over the past two weeks. However, we maintain our view that turquoise wave 3 is still in progress and has further upside potential. Once a top is established, we expect a corrective movement before another rally completes the larger green wave (1). The recent decline brings our 35% alternative scenario into focus, which places the stock in green wave alt.(2). This scenario will activate if the price falls below the support level at $95.77.
NYSE:XOMLong
by MarketIntel
TRUUSDT Breakout - Strong Momentum Ahead!!BINANCE:TRUUSDT has successfully broken out of resistance after multiple retests of support, signaling a strong bullish trend. Currently trading above the EMA 100, this breakout is backed by impressive volume, indicating solid buying interest. With the technical indicators aligned, we anticipate significant upward movement in the near future. As always, remember to manage your risk effectively by placing stop-loss orders to protect your position. BINANCE:TRUUSDT Currently trading at $0.086 Buy level: Above $0.086 Stop loss: Below $0.079 TP1: $0.92 TP2: $0.097 TP3: $0.1 TP4: $0.12 Max Leverage 3x Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
Nifty Next MoveNifty have formed harmonic pattern we can expect a small down trend and after Rally also the area is above 70% of the trend line formation so we can expect buyers in Discount area 📌 Please support me with your likes 🤞🏻 and comments 💬 to motivate me to share more analysis with you and share your any opinion about the possible trend of this chart with me ! Best Regards , Davis 🥰 Hit the like 🤞🏻 button to !! Motive some energy !!🥇 📌 Note : ⨻ Check the live market updates and analysis yourself before buy 📈🔺 or sell 📉🔻 ⨺ Am not giving any advisory or signals its just my idea for upgrade my knowledge 📚 in trading ⨹ This is my pre and post market analysis to improve my trading journey 🚀 ⨂ Am Not suggesting anyone to buy or sell ❌ am just giving my views 👀 ⫸ You are responsible for your trading ✅ not me ❌ ⫷ HAPPY TRADING 🥰
NSE:NIFTY
by TRADING_MASTER_DAVIS
Apple: Upside Potential! Currently, we are dealing with the final part of the turquoise wave B and expect a high just below the resistance level at $254.30. Afterward, we anticipate a pullback that will bring the price down with the turquoise wave C into our magenta Target Zone (coordinates: $192.02 – $172.34), where the larger wave (2) is expected to complete. This Target Zone offers another opportunity for long positions, as the bullish trend should continue from there. We assign a 34% probability that the magenta wave alt.(2) has already completed, leading to a direct break above the $254.30 resistance without entering our Target Zone.
NASDAQ:AAPL
by MarketIntel
Sold 1/2 Bitcoin. Raised Stops.Even though we did not reach my 1:2 rrr target, nor did my sell signal fire off, I am choosing to take 1/2 of my Bitcoin profit here, raise my stops, and hold the remainder of the position. I should’ve done this at 68k, but wanted to see how this market would handle the top of our channel. All along the big resistance target I have discussed has been 68k. I still believe we could break through it, however, the chart is beginning to disagree. Inside of my descending channel (which is bullish long-term) we have this ascending wedge pattern beginning to form (this is bearish). If correct and it plays out, it would take us all the way down to 48k. Sound significant? Yeah, that’s ‘cuz it is! You’ve heard me discuss 48k many times in the past. It is the neckline of a larger inverse head and shoulders pattern seen on the weekly chart below. We wicked down once in an attempt to kiss and retest. But that may not have been enough tongue action for these bears? Mark this wedge out on your charts and watch it closely. It is significant. And if it breaks? To 48k we’ll go.
INDEX:BTCUSD
by stewdamus
Avoiding the Pump and Dump: A Beginner's GuideAvoiding the Pump and Dump: A Beginner's Guide to Protecting Your Investments In the dynamic world of stock trading, new traders are constantly seeking ways to maximize profits and minimize risks. Unfortunately, one of the most deceptive and harmful schemes that can easily trap beginners is the infamous pump and dump scheme. This fraudulent practice has been around for decades, targeting unsuspecting traders by artificially inflating a stock's price and then swiftly cashing out, leaving the victims with significant losses. For traders on platforms like TradingView, especially those just starting, it’s crucial to understand how to spot these schemes and avoid falling prey to them. This guide will provide you with the knowledge you need to recognize pump and dump schemes by analyzing monthly, weekly, and daily charts, identifying repetitive patterns, and understanding market sentiment. By the end, you'll know exactly what to look for to safeguard your investments. What is a Pump and Dump? A pump and dump scheme occurs when a group of individuals, often coordinated through social media or private channels, artificially inflates the price of a stock. They "pump" up the stock by spreading misleading information or creating hype around the asset, leading to increased buying interest. Once the stock price has risen significantly, the perpetrators "dump" their shares at the elevated price, leaving uninformed buyers holding a stock that will soon plummet in value. The key elements to watch out for are: Unusual price spikes without any corresponding fundamental news. High trading volume during these spikes, suggesting that a group of individuals is actively manipulating the price. Aggressive promotion through emails, forums, or social media channels, often making exaggerated claims about a stock's potential. Understanding Timeframes: Monthly, Weekly, and Daily Charts One of the most effective ways to spot pump and dump schemes is by analyzing various timeframes—monthly, weekly, and daily charts. Each timeframe provides different insights into the stock's behavior, helping you detect irregular patterns and red flags. Monthly Charts: The Big Picture Monthly charts give you a broad overview of a stock's long-term trends. If you notice a stock that has been relatively inactive or stagnant for months, only to suddenly surge without any substantial news or developments, this could be a sign of manipulation . What to look for in monthly charts: Sudden spikes in price after a prolonged period of flat or declining movement. Sharp volume increases during the price rise, especially when the stock has previously shown little to no trading activity. Quick reversals following the price surge, indicating that the pump has occurred, and the dump is on its way. For example, if a stock shows consistent low trading volume and then experiences a sudden burst in both volume and price, this is a classic sign of a pump. Compare these periods with any news releases or market updates. If there’s no justifiable reason for the spike, be cautious . Weekly Charts: Spotting the Mid-Term Trend Weekly charts help you see the mid-term trends and can reveal the progression of a pump and dump scheme. Often, the "pump" phase will be drawn out over several days or weeks as the schemers build momentum and attract more buyers. What to look for in weekly charts: Gradual upward trends followed by a sharp, unsustainable rise in price. Repeated surges in volume that don’t correlate with any fundamental analysis or positive news. Recurrent patterns where a stock has previously been pumped, experienced a sharp decline, and is now showing the same pattern again. Stocks used in pump and dump schemes are often cycled through multiple rounds of pumping, so if you notice that a stock has undergone several similar spikes and drops over the weeks, it’s a strong indicator that the stock is being manipulated. Daily Charts: Catching the Pump Before the Dump Daily charts provide a more granular view of a stock's price movement, and they can help you detect the exact moments when a pump is taking place. Because pump and dump schemes can happen over just a few days, monitoring daily activity is critical. What to look for in daily charts: Intraday price spikes that happen suddenly and without any preceding buildup in momentum. A huge increase in volume followed by rapid price drops within the same or subsequent days. Exaggerated price gaps at market open or close, indicating manipulation during off-hours or lower-volume periods. On a daily chart, if a stock opens significantly higher than the previous day's close without any news or earnings report to back it up, this could be the start of the dump phase. The manipulators are looking to sell their shares to anyone who has bought into the hype, leaving retail traders holding the bag. Repeated Use of the Same Quote: A Telltale Sign of a Pump and Dump Scheme Another red flag is when the same stock or "hot tip" keeps resurfacing in social media, forums, or emails. If you notice that the same quote or recommendation is being promoted repeatedly over time, often using the same language, this is a strong sign of manipulation. The scammers are likely trying to pump the stock multiple times by reusing the same tactics on new, unsuspecting traders. Be cautious of stocks that: Have been heavily promoted in the past. Show a history of sudden spikes followed by rapid declines. Are promoted with vague, overhyped language like "the next big thing" or "guaranteed gains." If the same stock is mentioned multiple times in trading communities, check its historical chart. If the stock has undergone previous pumps, you will likely see sharp rises and falls that align with the promotional periods. How to Avoid Pump and Dump Schemes Now that you know how to spot the signs, here are actionable steps you can take to protect yourself from becoming a victim of a pump and dump scheme: Do Your Research: Always verify the information you receive about a stock. Check if there’s legitimate news, earnings reports, or significant company developments that justify the price movement. Avoid relying solely on social media or forums for your stock tips. Look at Fundamentals: Focus on stocks with solid fundamentals, such as earnings growth, revenue increases, and strong management. Stocks targeted for pump and dump schemes often have weak or non-existent fundamentals. Use Multiple Timeframes: As we've discussed, examining stocks across different timeframes—monthly, weekly, and daily—can help you spot abnormal price behavior early on. Monitor Volume and Price Movements: If you see large, unexplained surges in volume and price, be skeptical. Legitimate price increases are usually accompanied by news or fundamental changes in the company. Avoid Low-Volume Stocks: Pump and dump schemes often target low-volume, illiquid stocks that are easier to manipulate. Stick to stocks with healthy trading volumes and liquidity. Set Stop Losses: Always use stop losses to protect yourself from sudden price drops. Setting a stop loss at a reasonable level can help limit your losses if you accidentally invest in a stock being manipulated. Be Wary of Promotions: If a stock is being aggressively promoted, ask yourself why. More often than not, aggressive promotions are a sign that the stock is part of a pump and dump scheme. Conclusion Pump and dump schemes prey on traders’ fear of missing out ( FOMO ) and the allure of quick profits . However, by using a disciplined approach to trading, analyzing charts across multiple timeframes, and paying close attention to volume and price movements, you can avoid falling victim to these schemes. Remember: If something seems too good to be true, it probably is. Protect your investments by staying informed, doing thorough research, and trusting your analysis. By following these guidelines, you can navigate the markets with confidence and avoid the pitfalls of pump and dump schemes. Happy trading, and stay safe!
NASDAQ:EJHEducation
by TradeVizion
6
Polygon: Bottom Formation? POL recently moved sideways within our magenta-colored Target Zone (between $0.4711 and $0.3058). From a technical perspective, this development could be the start of a bottom formation. However, we primarily expect a deeper low of the magenta wave (2). Afterward, the turquoise wave 1 should drive the price above the resistance level at $0.60. Within our Target Zone, long positions can be opened, with stops set about 1% below the lower boundary or at the support level of $0.31. If the price falls below this mark (42% probability), we will have to place the coin in the green wave alt.(2).
CRYPTOCOM:POLUSDLong
by MarketIntel
Netflix: Upside Potential!About a year ago, in October 2023, NFLX stock hit a low of $345.87. The uptrend that startet then remains intact and has gained momentum since August this year. After surpassing its record high of $700.99 from November 2021 two months ago, the stock continued to climb and has recently stabilized above the $700 mark. While significant progress has already been made with the turquoise wave 3, we expect a further expansion beyond the $800 hurdle. In the subsequent wave 4, the $700 level should be tested again before the final leg of the larger wave (1) in magenta kicks in. Our alternative scenario (20%), however, anticipates a new low of the turquoise wave alt. 2 below the $345.87 mark.
NASDAQ:NFLX
by MarketIntel
#Silver bearish counter trend opportunityAs seen in the chart, silver has formed a 5-wave bullish impulsive move and has since begun a bearish move, which could be labeled as wave A. As we know, corrective waves typically occur in three waves. I believe we are nearing the completion of wave B, which could lead to another bearish leg to complete wave C. This entire 3-wave bearish move could then form wave 2 of 5 on a higher degree. Therefore, while we might be looking at a short-term bearish move, according to Elliott Wave theory, there is still significant bullish potential in the coming weeks.
TVC:SILVERShort
by mohemati