Get started

Finance

BTC/USD Daily Timeframe AnalysisIn the daily TF, after engulfing the $16,218 area, price started to accumulate. This accumulation took almost 60 days and BTC had very low fluctuation but after the accumulation price started to break all the SR lines and even the mid-term trend-line. As a result of these engulfing these SR lines, we can see FTR zones were formed and had supported the rise in the price one after another. And also cased a formation of a very important base between $19,562 - $20,368. (Referring to the strength of this base and the pattern formed, we can consider this base an important Order Block). By breaking out of the FTR zone $25,200 (orange) price formed a new FL between $24,745 - $32,376. Generally, when price of BTC rose to $32,000 we can consider this a pullback to the DP of the weekly TF. And started to distribute. In the current situation we must take the following into consideration: ⁃ currently price is ranging in a Flag ( indecision area) and non of FLs has been engulfed in order for us to have a clear for cast of BTC future moves ! ⁃ As price is in downtrend in the higher TFs, and after making the pullback to the DP of the downtrend pattern price broke the mid-term uptrend trend-line.,The probability of engulfing the lower FL and descent of price to the base which was before the pole (FTR) is very high ! Kindly note that in Financial Market there are more than 1 scenario! We in fact, by relying on rules and principles of Technical Analysis & also deep analysis of Fundamental Data, try our best in providing you with a thorough analysis together with e most probable scenario for the future values of assets and currencies.
BITSTAMP:BTCUSDShort
by TraderAceAcademy
Dollar General (DG) | Short-term OpportunityHi, A leading American discount retailer, Dollar General operates over 19,000 stores in 47 states, selling branded and private-label products across a wide variety of categories. In fiscal 2022, 80% of net sales came from consumables (including paper and cleaning products, packaged and perishable food, tobacco, and health and beauty items), 11% from seasonal merchandise (such as toys, greeting cards, decorations, and gardening supplies), 6% from home products (for example, kitchen supplies, small appliances, and cookware), and 3% from apparel. Stores average roughly 7,500 square feet, and about 75% of Dollar General locations are in towns of 20,000 or fewer people. The firm emphasizes value, with most of its items sold at everyday low prices of $5 or less. Technically speaking it has reached inside an interesting area. A few criteria matching with each other and probably it is worth to take a shot, from the shown box - $90 to $119, should be technically okay. Criteria are simple: 1. The long trendline 2. All-time Fibo level 62% 3. The round number, psychological number, $100 Target around $140 - $150 Good luck, Vaido
NYSE:DGLong
by VaidoVeek
5
STG Stargate Finance PriceT after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook: FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices. Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure. Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks. Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment. Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market. Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply. Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market. Considering the above, my Price Target for STG Stargate Finance is $0.35. Looking forward to read your opinion about it.
Short
by TopgOptions
1
Tesla (TSLA) | Approaching a Strong Support Level!Hi, The well-known Tesla (TSLA) Just in case I have to "reveal" my next buying zone in time because the pullback has started and it can be quite aggressive. Preparing is the key, and let's prepare then ;) The last idea TP levels reached perfectly, ~$300... To the point, my eyes are pointed around $180 to $215 and the criteria are: 1. The trendline - the trendline has been drawn from the closing prices to remove the noise from the candlestick chart. If you use a candlestick chart then the closing prices are the right way to go if you want to remove the extra noise that wicks can make. Atm this major downward trendline has been broken during June and if the price starts to reach back there to retest it then it acts as a support level, as a buying opportunity for you! 2. Strong horizontal price zone - the middle gray area has been worked as a support and resistance level multiple times. Basically, if the price reaches there then investors "feel" it and something always happens. Hopefully, this time is not an exception and we can see quite a solid reversal from there. 3. The round number $200 - it is solid confirmation to the horizontal area if it matches with the round number and currently there is $200 waiting for us inside the marked area. 4. Minor trendline - the blue trendline, currently drawn from body to body, the third touch should add a bit of strength to the optimal buying zone. 5. EMA party - Moving averages on every timeframe which all should add strength: Weekly 50 and 200 are inside or close to the shown box, and Monthly 50EMA is inside the optimal zone to support the price. 6. Fibonacci retracement 62% , golden ratios, are inside or slightly under the buying zone. 7. The structure - it is mid-term bullish because we have there also a mid-term new higher high (HH) and probably this area around $200 can be a possible new mid-term higher low (HL) * Considering technical analysis then the optimal buying zone should stay between $180 to $215 * First short-term targets updating on the chat room. Good luck!
NASDAQ:TSLALong
by VaidoVeek
Coinbase (COIN) | Solid Price Action From The Current Bottom.Hi, COIN has made quite a decent bottom price action but is it enough? Some months ago mentioned in the chat room that $50 can be the spot from where to grab it technically, and back then it worked quite well. The second option was after the breakout above $75. Currently, we have a break above $75 and for me, this is quite a decent breakout - this mini bullrun managed to push above: 1. Bottom price action has drawn a bullish chart pattern called Inverted Head & Shoulders and it is activated because the mini-bullrun managed to break above the pattern neckline - now, if the price comes back and retests this area then it is an optimal buying zone and it should act as a support level. 2. Weekly EMA50 supporting the price. Basically, the average price of the last 50 weeks start to act as a support level of around $75 3. The round number $100 even got broken after the mini-rally. 4. The strong horizontal area itself got smashed and now this entire area should act as a support level to hold the price, gray horizontal line. * Considering technical analysis then the optimal buying zone should stay between $50 to $75 * First target will update on the chat. Good luck!
NASDAQ:COINLong
by VaidoVeek
2
KAKOBANK WCA - Cup and HandleCompany: KAKOBANK Ticker: 323410 Exchange: KRX Korea Exchange Sector: Banking/Financial Services Introduction: In today's technical exploration, we focus on KAKOBANK, a prominent entity in the banking and financial sector. The weekly chart showcases a potential bullish reversal in the form of the Cup and Handle pattern, which has been developing over the past 50 weeks. Cup and Handle Pattern: The Cup and Handle pattern is a bullish continuation or reversal pattern that signifies a period of consolidation followed by a breakout. It's characterized by a rounded bottom (the "cup") and a consolidation (the "handle"), which precedes a breakout. Analysis: KAKOBANK's prior trend was bearish, as illustrated by the blue diagonal line. However, this downward trend seems to have been interrupted by a Cup and Handle pattern, suggesting a potential bullish reversal in the offing. The so-called "lip" or the resistance level of the pattern stands at 29,650 KRW. The stock's price remains above the 40 EMA, reinforcing the bullish sentiment. If the price successfully breaks out above the lip, a bullish run is anticipated. The projected price target based on the pattern's depth stands at 43,550 KRW, amounting to an estimated rise of approximately 47%. Conclusion: KAKOBANK's weekly chart puts forth a promising bullish reversal scenario. A successful breakout above the lip of the Cup and Handle pattern could pave the way for an attractive trading opportunity. --------------------------------------------------------------------------------------------------------------------- Remember, this analysis should be integrated into your broader market research and risk management protocols. It's not a direct trading recommendation. If this analysis proves helpful, please consider sharing, liking, and staying tuned for more insights. Happy trading! Best regards, Karim Subhieh Disclaimer: This analysis is for educational purposes only and shouldn't be considered as financial advice. Always undertake your own research and consult with a financial advisor before making investment decisions.
KRX:323410
by KarimSubhieh
3
ETH USD Idea Alright, dude, let's catch that wave and read the market! 🏄‍♂️ So, on the ETH/USD pair, we're approaching a weekly volume capper, which means there might be some significant price action coming our way. If we're lucky, we might see a volume spike that could indicate a potential trend reversal or a strong move in either direction. Meanwhile, the dollar seems to be waiting for an economic push, possibly during the New York session. This means there might be some economic news or events on the horizon that could influence the dollar's movement. Now, let's ride the wave of optimism and interpret the market's signals as they come. Just like a carefree surfer, we'll go with the flow and adapt to the market's movement. We'll keep an eye on the volume and price action on the ETH/USD pair and remain open to any surprises the market might throw our way. Remember, dude, the market can be unpredictable, just like the waves in the ocean. So, we'll stay calm, observe the patterns, and make informed decisions. And no matter what happens, we'll approach it with a peaceful mindset and ride the market like a true surfing pro. 🤙 Good luck, my friend, and happy trading! May the waves be with us! 🌊✌️
COINBASE:ETHUSDLong
by CORE5DAN
Mastercard (MA) | ATH Monthly & Weekly Candle Close Confirmed!Hi, The second technical confirmation after the June close (the first one was a previous idea Walmart) came from Mastercard (MA), buy the strength. Almost the same setup as Walmart has. Mastercard is one of the largest payment processors in the world, having processed close to over $8 trillion in transactions in 2022. Mastercard operates in over 200 countries and processes transactions in over 150 currencies. $380 to $400 the hardest fight in Mastercard history. Haven't been such a price level or price action at where the price of MA has been stuck so long. Actually, the fight is not fully over but the price action and the market sentiment are quite promising. The fight is not completely over because it would be ideal if we have also a monthly candle close above $400. Atm we have a weekly candle close above it so at least we have there something and it is already a good sign. Now, the real technical reason why I want to share it is that MA got the highest monthly candle close and it occurred slightly above the strongest price level in that area. Plus, we have also the highest weekly candle close, and it's above $400. I, personally, like this close, general price action looks bullish, and as said, recent market sentiment is also favorable. * Considering technical analysis then the optimal buying zone should stay from current prices to $370 * First target $500 Good luck!
NYSE:MALong
by VaidoVeek
Walmart (WMT) | The Long-awaited Breakout!Hi, Waited for the end of June and we got the highest monthly candle close in Walmart history! The area between $150 to $154 has been like a nightmare for WMT. As you see in the image it has tried many many times to make a breakthrough. Finally, it happened, barely but still, the price of Walmart has got the confirmed move, at least I like to think like that. Literally, investors are ready to pay higher prices for WMT stock, we got that "letter" from investors, we take it as a sign and we are ready to make a buy from the current prices to $145. This idea shows also how important is technical analysis! No matter what the WMT stock does from now but if you invested before that breakout (after the price reached the first time $150), then your money has been stuck for half a year to two years (depending on when you discovered it) in this asset! In the meantime, you see that almost the entire market is rallying. So, if you have such a strong area, as Walmart has there around $150, then it is always wise to wait for a little letter from investors that they are ready to pay the first time, atm within three years, the highest price than before! As the JPMorgan survey says: more profitable is to buy when the market has made an all-time high than on any random day. Again, it will confirm that the timing/technical analysis plays a key role in investment decisions! * Considering technical analysis then the optimal buying zone should stay from current prices to $145. * First target is $180 and currently the major one should stay around $200 Good luck, Vaido
NYSE:WMTLong
by VaidoVeek
Charlie Munger's 10 Golden Nuggets!Charlie Munger, the esteemed Vice Chairman of Berkshire Hathaway, is known for his investment acumen and his indispensable role in building an investment empire alongside Warren Buffett. Munger attributes their phenomenal success to a set of fundamental ideas that guide their investment decisions. Below are the 10 key principles: 1. Consider Opportunity Costs - It is imperative to approach capital allocation with rigor and discipline. Munger advises to cautiously evaluate investment options and wait for an opportunity with great potential. When such an opportunity arises, allocate capital decisively. 2. Mitigate Financial Losses - Munger identifies common reasons for financial losses among investors, such as susceptibility to trends, excessive risk-taking without safeguards, complacency in the face of losses, and the erosion of purchasing power through inflation and interest rates. Addressing these issues is essential for capital preservation and growth. 3. Decisiveness in Execution - Being well-prepared to capitalize on an opportunity when it presents itself is crucial. Munger emphasizes the importance of quick and informed decision-making when a highly promising investment opportunity arises. 4. Focus on Key Priorities - In a world with endless investment options, Munger suggests narrowing one’s focus on investments with a proven track record, paying attention to relevant details, and having a well-thought-out investment plan. 5. Flexibility in Investment Strategy - The ability to adapt to changing market conditions is essential. Accepting new information, even if contrary to prior beliefs, and making necessary adjustments to one's investment strategy can be vital for success. 6. Exercise Patience - Munger stresses the importance of a long-term perspective in investment. It’s vital to develop and refine your investment strategy, and patiently wait for the results to materialize. 7. Cultivate Humility - It is important to recognize the limitations of one’s knowledge. Accepting that there are things you do not know can open avenues for learning and making better-informed investment decisions. 8. Commitment to Continuous Learning - Staying informed and constantly seeking to understand the underlying reasons behind market movements is crucial. Munger recommends reading extensively and engaging with diverse sources of information. 9. Risk Management - Munger suggests focusing on the value that an investment offers over its price, prioritizing wealth preservation over the sheer size of the portfolio, focusing on meaningful progress rather than constant activity, analyzing individual companies in-depth, and making projections based on fundamentals rather than past trends. 10. Maintain Independence in Thought and Action - Rather than following the crowd, Munger believes in the importance of independent thinking in investment decisions. This requires carving out a unique investment path that aligns with one’s principles and understanding of the market. In summary, Charlie Munger’s insights serve as invaluable guidance for anyone looking to achieve long-term investment success. By diligently applying these principles, investors can make more informed decisions and build a sustainable investment portfolio.
NYSE:BRK.AEducation
by financialflagship
6
KARURVYSYA Swing Trade setup.This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. On daily Time Frame Karurvysya is making rounding bottom pattern and is about to complete if breaks resistance of 116 with above above average volume on daily TF will buy with stop loss of low of candle below resistance, Target will be 127. If Price rejects resistance then maybe we can expect it to form Cup & Handle like pattern. On Weekly TF price broke through Flag & Pole Pattern and for that weekly target will be 135. I cannot update charts or my ideas coz i don't have pro subscription i can only post additional charts if reputation level is above 10..need your supports who ever watch or agrees with setups i am posting. Thanks everyone.
NSE:KARURVYSYALong
by TradeInsights
Daily Time Frame - Anand Rathi Wealth The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
NSE:ANANDRATHILong
by Tradelikemee
APTOS: Bullish Flag Pattern Detected Continuation to $20!Hello, Traders! Today, I want to share an exciting technical analysis finding on Aptos (APTOS). A bullish flag pattern has been identified, indicating the potential for a continuation of the previous uptrend, with a target of $20. Let's dive into the details! 📈 Ticker: APTOS 📅 Timeframe: Daily Chart 📊 Pattern: Bullish Flag 📉 Understanding the Bullish Flag Pattern: A bullish flag pattern is a continuation pattern that typically forms after a strong upward price movement. It consists of a flagpole (the initial sharp rise) followed by a consolidation phase in the form of a rectangular flag. This pattern suggests that the market is taking a brief pause before resuming the upward momentum. 🔍 Identifying the Bullish Flag on APTOS: Upon analyzing the daily chart of APTOS, the following observations come to light: 1️⃣ Strong Uptrend: APTOS has experienced a notable upward price movement. 2️⃣ Rectangular Flag: A consolidation phase formed with parallel trendlines, resembling a flag, following the initial rally. 3️⃣ Decreasing Volume: The trading volume during the consolidation phase has declined, indicating a potential temporary lull in market activity. 📈 Price Targets and Trading Strategy: If the bullish flag pattern on APTOS plays out as expected, it suggests a potential continuation of the previous uptrend. Consider the following revised price targets: 1️⃣ Target 1: Resistance level near $15.00 2️⃣ Target 2: Potential breakout towards the next resistance level near $18.00 3️⃣ Target 3: Extended move towards the top of the bull flag near $20.00 🛡️ Risk Management: Managing risk is crucial for successful trading. Implement the following risk management techniques: 1️⃣ Set a stop-loss order below the lower boundary of the flag pattern to protect against unexpected price reversals. 2️⃣ Adjust position size based on your risk tolerance and overall portfolio management strategy. 🔔 Conclusion: Keep a close eye on Aptos (APTOS) as it exhibits a bullish flag pattern, indicating the potential for a continuation of the previous uptrend. The revised price targets suggest potential resistance levels at $15.00, $18.00, and an extended move towards the top of the bull flag at $20.00. However, please note that technical analysis is not infallible, and market conditions can change rapidly. Combine this analysis with other relevant factors and fundamental research before making any trading decisions. Disclaimer: This post is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a qualified financial professional before making investment decisions. Happy Trading! 📈💰 #tradingview #technicalanalysis #bullishflagpattern #APTOS #continuationpattern #tradingstrategies #investing #finance #marketanalysis
Long
by STP_MrNodeItAll
1
GLMR/USDT: Falling Node Wedge PatternHello, Traders! Exciting news awaits as we delve into the technical analysis of Glimmer (GLMR) against USDT. A falling wedge pattern has emerged, hinting at a potential bullish reversal in the near future. Don't miss out on this opportunity! Let's explore the details. 📈 Trading Pair: GLMR/USDT 📅 Timeframe: Daily Chart 📊 Pattern: Falling Wedge 📉 Understanding the Falling Wedge Pattern: The falling wedge pattern is a bullish chart formation characterized by converging trendlines sloping downward. Typically formed during a downtrend, it suggests diminishing selling pressure and the potential for a reversal. This pattern often precedes an upward price movement. 🔍 Identifying the Falling Wedge on GLMR/USDT: Upon analyzing the daily chart of GLMR/USDT, the following observations have come to light: 1️⃣ Recent downtrend: GLMR has experienced a decline in price over the past weeks. 2️⃣ Converging trendlines: The upper trendline connects the lower highs, while the lower trendline connects the lower lows. 3️⃣ Decreasing trading volume: As the falling wedge pattern forms, the trading volume has been declining, indicating a potential reduction in selling pressure. 📈 Price Targets and Trading Strategy: If the falling wedge pattern on GLMR/USDT plays out as expected, it could lead to a potential bullish breakout above the upper trendline, suggesting a reversal and potential price appreciation. Consider the following revised price targets: 1️⃣ Target 1: Resistance level near $6.00 2️⃣ Target 2: Psychological resistance near $8.00 3️⃣ Target 3: Potential breakout towards the all-time high of $12.00 🛡️ Risk Management: Implement these risk management techniques to ensure successful trading: 1️⃣ Set a stop-loss order below the lower trendline to protect against unexpected price movements. 2️⃣ Adjust your position size according to your risk tolerance and overall portfolio management strategy. 🔔 Conclusion: Keep a close eye on the GLMR/USDT trading pair as the falling wedge pattern continues to unfold. It suggests the potential for a bullish reversal, with revised price targets pointing towards $6.00, $8.00, and a potential breakout towards the all-time high of $12.00. However, please note that technical analysis is not infallible, and market conditions can change rapidly. It's important to combine this analysis with other relevant factors before making any trading decisions. Disclaimer: This post is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a qualified financial professional before making investment decisions. Happy Trading! 📈💰 #tradingview #technicalanalysis #fallingwedgepattern #GLMR #USDT #Glimmer #cryptotrading #chartpatterns #bullishreversal #tradingstrategies #investing #finance #marketanalysis
Long
by STP_MrNodeItAll
2
Acala Network - Falling Node Wedge Pattern!Greetings, Traders! Today, I want to share an exciting technical analysis finding on the trading pair of ACA (the native token of Acala Network) and USDT (Tether). A falling wedge pattern has been identified, indicating the potential for a bullish reversal in the near future. Let's delve into the details! 📈 Trading Pair: ACA/USDT 📅 Timeframe: Daily Chart 📊 Pattern: Falling Wedge 📉 Understanding the Falling Wedge Pattern: A falling wedge is a bullish chart pattern characterized by converging trendlines that slope downward. Typically formed during a downtrend, it suggests diminishing selling pressure and the potential for a reversal. This pattern indicates the possibility of an upward price movement. 🔍 Identifying the Falling Wedge on ACA/USDT: Upon analyzing the daily chart of ACA/USDT, the following observations come to light: 1️⃣ Recent downtrend: The trading pair has experienced a decline in price over the past weeks. 2️⃣ Converging trendlines: The upper trendline connects the lower highs, while the lower trendline connects the lower lows. 3️⃣ Decreasing trading volume: As the falling wedge pattern forms, the trading volume has been declining, indicating a potential reduction in selling pressure. 📈 Price Targets and Trading Strategy: If the falling wedge pattern on ACA/USDT plays out as anticipated, a potential bullish breakout above the upper trendline may occur, leading to a reversal and potential price appreciation. Consider the following price targets: 1️⃣ Target 1: Resistance level near $2.50 2️⃣ Target 2: Psychological resistance near $3.00 🛡️ Risk Management: Managing risk is essential for successful trading. Implement the following risk management techniques: 1️⃣ Set a stop-loss order below the lower trendline to protect against unexpected price movements. 2️⃣ Adjust position size based on your risk tolerance and overall portfolio management strategy. 🔔 Conclusion: Keep a close eye on the ACA/USDT trading pair as it develops this falling wedge pattern. The pattern suggests the potential for a bullish reversal on the horizon. However, please note that technical analysis is not infallible, and market conditions can change rapidly. Combine this analysis with other relevant factors before making any trading decisions. Disclaimer: This post is for informational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a qualified financial professional before making any investment decisions. Happy Trading! 📈💰 #tradingview #technicalanalysis #fallingwedgepattern #ACA #USDT #AcalaNetwork #cryptotrading #chartpatterns #bullishreversal #tradingstrategies #investing #finance #marketanalysis
Long
by STP_MrNodeItAll