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DNX Is Flipping $0.4 Resistance Into Support Yooo everyone, it's been a while since I last posted on TradingView! I've been super busy and very active on X lately. Today, I’m going to analyze a special and unique coin called Dynex. DNX is the first Quantum Computing coin, capable of computing without limitations. It can solve real-world problems and uses a new mechanism called Proof of Useful Work (PoUW). That’s a brief overview of the fundamental analysis part, but today, I’ll dive deeper into the technical analysis. 1) Over the last 2-3 months, DNX has formed an Elongated Rectangle pattern. As we know, when we see an Elongated Rectangle pattern, the daily volume usually drops by about half, and the price gets stuck within the rectangle, bouncing from bottom to top. This often continues until investors hear some news about the coin, making them excited to jump onboard again. Recently, we had a major presentation about DNX's future plans and roadmap. Here are a few key highlights from the presentation: A Venture Capital (VC) firm with $50 million in capital has invested in DNX. DNX is developing a Silicon Quantum Computing Chip. Let me remind you, DNX currently has a market cap of only approximately $40 Million. With the addition of $50 Million from the VC, the demand for DNX is likely to rise significantly. 2) On September 26th, DNX attempted to break out from the $0.40 area, but after an instant rise to $0.45, the buyers didn’t have enough strength to flip resistance into support. This was followed by a drop back to $0.30, which is known to be the strongest horizontal support zone. Buyers are heavily protecting this level, and like before, DNX once again bounced significantly from $0.30, reaching up to $0.48. This time, the volume has increased dramatically, from 300K to 1.5M, indicating that more buyers are on board. With this increase in volume, there’s a higher chance we might finally break through the stubborn $0.40 resistance zone. After forming the recent $0.48 peak, as with every breakout, we need a retest for final confirmation. Currently, buyers are working to convert the $0.40 rejection zone into support. It’s likely we can hold this level and push the price higher. Additionally, the Fibonacci 0.61 area perfectly aligns with the $0.40 resistance zone, meaning we could see a bounce from $0.40 and finally switch it into support. 3) Target Update: Currently, DNX is expected to reach $0.60 in the coming weeks. The rectangle pattern target also aligns with approximately $0.60. This level is extremely important because it represents a 1-year horizontal accumulation zone around $0.60, which is now acting as resistance. If we manage to break out from $0.60 and reclaim our previous accumulation zone, holding it for 1-2 weeks, we can aim for the previous ATH of $1.40 and potentially break it as well. Thanks for reading my FA and TA analysis! If you enjoyed it, hit the like button and follow me for more updates!
Long
by odbashWizard
Potential Continuation of the Downtrend Despite Bullish SignsAUD/JPY Analysis: Sharp Volatility with Potential Continuation of the Downtrend Despite Bullish Signs order blocks : OANDA:AUDJPY AUD/JPY has been showing some promising signs of a bullish run lately, but its sharp, unpredictable moves up and down have left many of us confused. In my analysis on the 24-minute (24M) timeframe, I looked at even lower timeframes to find more precise entry points. The Fibonacci retracement levels indicated the golden zone between 0.71 and 0.75, and the price moved right into that area. I also used different Fibonacci levels to confirm the potential outcome. However, despite the temporary bullish signals, I believe we might see a continuation of the downtrend for now. There are also several order blocks on lower timeframes that are providing support, so it's important to watch what happens next. These volatile movements suggest further downside pressure before any sustained upward move. These are my thoughts—hope you enjoyed the read.
Short
by GlebalTrader
AMBER ENTERPRISES-Weekly Breakout with Strong MomentumBreakout Confirmation: Amber Enterprises has given a decisive breakout above the crucial Fibonacci 23.6% level (₹5,206), with a significant price surge. This breakout was accompanied by heavy volume , indicating strong bullish momentum and participation. Fibonacci Levels: The stock retraced from its highs at ₹6,256.7, respecting the Fibonacci levels: 38.2% retracement at ₹4,557.35. 50% retracement at ₹4,032.40. 61.8% retracement at ₹3,507.50, which acted as a strong support before the stock resumed its upward movement. The breakout above ₹5,206 now opens the path towards the previous highs around ₹6,256.7. Bullish Trendline Support: The stock has been respecting an ascending triangle pattern, marked by higher lows, which reflects accumulation and strengthening of the uptrend. The recent breakout from this triangle pattern gives further bullish confirmation. Targets Ahead: Near-term target : Based on the breakout and the height of the triangle, the immediate target is around ₹6,256, which aligns with the 0% Fibonacci level. Potential upside projection : Using the measured move from the breakout, the stock has a potential to reach ₹6,900-7,000 levels, reflecting a 30-40% upside from the breakout point. RSI Momentum : The RSI has broken above the 70-mark, entering the overbought zone, which confirms strong bullish momentum. However, the overbought condition may suggest some consolidation in the short term before the next leg up. Support Levels : On any pullback, strong support lies around the Fibonacci 38.2% level at ₹4,557.35, followed by ₹4,032.40 (50% level). As long as these supports hold, the overall trend remains bullish. Conclusion : Amber Enterprises is showing a powerful breakout with high volume, indicating a potential bullish rally in the coming weeks. Traders can look for opportunities on pullbacks or momentum continuation above ₹5,500, with a near-term target of ₹6,256 and a possible extension towards ₹6,900.
NSE:AMBERLong
by AngshumanSaikia
XAUUSD - Today's Setup - 16/10Good morning, traders! ☀️ GOLD is on the move, and I’ve spotted a great buy zone that’s lined up with most of my confluences. I’m hoping the price will hit it and get me into a solid trade! 🤞📈 Yesterday’s sell zone setup worked out nicely, with a sweet 30-pip move. I hope you all managed to jump in and secure some profits! 💰🔥 That’s all I’ve got for today—let’s see how the market plays out. Wishing everyone a profitable day ahead! 🚀✨ Don’t forget to follow and give this post a boost if you like my TA—thanks! 🙌📊
FX:XAUUSDLong
by alexm1011
NQ Power Range Report with FIB Ext - 10/16/2024 SessionCME_MINI:NQZ2024 - PR High: 20352.00 - PR Low: 20306.00 - NZ Spread: 102.75 No key scheduled economic events Swing back below Monday's low - Inventory front run Keltner avg cloud Session Open Stats (As of 12:35 AM 10/16) - Weekend Gap: N/A - Session Gap 7/24: -0.32% (open > 19946) - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 306.42 - Volume: 19K - Open Int: 240K - Trend Grade: Bull - From BA ATH: -4.0% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 20954 - Mid: 19814 - Short: 17533 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQZ2024Long
by mv3trader5
Polygon's Next Move: Breakout Above $0.388 or Slide to $0.29?Hey trading family! Grab your coffee and let’s dive into what’s next for Polygon (MATIC). We’re at a key level here—if MATIC can break above $0.3881, we could see some real upside. But if it slips below $0.366, we might be looking at a drop to $0.31, $0.30, and potentially all the way down to $0.29. In this video, I’ll walk you through the technicals and what to expect next. Is MATIC gearing up for a breakout, or are we about to take a detour down? Either way, it’s time to prepare! If you found this helpful (or just enjoyed hanging out), give it a like, comment your thoughts, and hit follow. Because, let’s be honest, navigating crypto is like trying to drink coffee without spilling—it’s messy but worth it! Mindbloome Trader Happy Trading
CRYPTO:MATICUSDShort
by Mindbloome-Trading
2
Still sticking to long gold!Today, gold reached 2638 during the retracement process and then rebounded again, but did not effectively fall below 2640. The gold correction did not fall below 50%, so there is still room for gold to rise again. From the perspective of technical structure, gold has signs of building a head and shoulders bottom pattern at the short-term level. Once gold cannot effectively fall below 2640, it is still possible for gold to rise to the 2670-2680 area. So in terms of short-term trading, if gold falls back to the 2645-2640 area, I will consider adding more money to be long gold.
OANDA:XAUUSDLong
by Trading-Hawkeye
$SPY October 16, 2024AMEX:SPY October 16, 2024 AMEX:SPY retraced to 578.5 levels. Moving averages gaps are reduced. Downtrend as it is below all moving averages except 200 averages. For the rise 566.63 to 585.27 38.2 retracement done. For the last rise from 574.49 to 585.27 61.8% I done. Hence it is crucial for 4SPY to hold 576-577 levels today being 200 averages in 15 minutes and fib numbers. So, for the day for the fall 587.27 to 578.54 i will short at 583 levels for targets up to 576-577 levels. SL 584 with bar close near top of bar. The number 576-577 also happens to be 9-day average in daily. so i expect some more retracement.
AMEX:SPYShort
by RiderTrader
Solana’s Next Move: Will It Break 163 or Drop to 120? Find OutSolana is at a make-or-break moment. If it can push through 163.25, we could be looking at a run up to 189 and beyond—but if it stays under 157, things could get a little dicey, with a drop to 145 and maybe even all the way down to 120.97. We’ll break down what to watch for and where the next moves might happen. Solana’s either gearing up for a moonshot, or it’s about to take a nap at 120. Either way, we’re here for it! If this gave you some clarity (or at least a laugh), don’t forget to like, drop a comment, and hit follow for more updates. Because let’s face it—predicting crypto is like trying to guess when the Wi-Fi will suddenly stop working! Happy Trading Mindbloome Trader
COINBASE:SOLUSD
by Mindbloome-Trading
5