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Gold Spot BullishHello traders this is my analysis on gold spot my one of my favorites CFDs Using Heikin Ashi 4H candlestick charts showing higher highs and higher lows price action on this parallel channel still growing strong and still showing bullish signs. However, I see that we are heading towards psychological resistance price level 1958$ which is a very strong resistance zone denoted in red rectangle which price has tested twice around November 2020 and early January 2020 partly of the decline of corrective wave B. Price action set up now to break this resistance point with strong buying volume and bullish sentiment from traders and analysis. I'm 85% confident gold is set up for a bullish market. Get your orders in; place your long positions from anywhere between EP@1890-$1910 ;TP@ 1950 Meanwhile if you enjoyed my content/ ideas, please leave a like and comment and don't forget to follow my trading view account thank you so much.
OANDA:XAUUSDLong
by EncryptedKvng
DELTA CORP LTD Long term trendline BreakThe stock has broken its 3 years downtrend trendline in Dec 2020 and has been able to sustain above it and consolidating in the range of 200- 150. Currently, prices are trading at and taking support at the lower range. And it is likely that it might bounce and move towards the upper side of the range at the minimum. One more positive thing to notice here is the higher high and higher lows structure of this recent rally that started in March 2020. This could be traded with a stop below 140 levels for an initial target of 200 and if the stock reaches its initial target, it could be trailed for higher targets. Type of Trade: Positional
NSE:DELTACORPLong
by manuagarwal21
1
Gets Exhausted After Aggressive RallyEURUSD once again has failed to make a higher-high on the daily time frame. It closed the week on Friday with a large bearish candle failing to break through the resistance at 1.21500. EU rallied aggressively after it dropped into support at 1.17000 on the 31st of March. Expectation From EURUSD EU is showing a willingness to drop as it bounced off the bearish trend line lower. The 9MA (Moving Average) which was lying below the candles’ bodies since the 5th of April smashed right between Friday’s bearish candle. The Moving average is showing strength to dominate subsequent candles as price falls lower. The RSI (Relative Strength Index) is at point 53 at the time of writing. The RSI made a reversal on the 29th of April when the pin bar was formed projecting lower prices. EURUSD key zones : Supply zones: 1.23500, 1.21500 Demand zones: 1.20000, 1.17000
Short
by TaherJalili
ALPHAUSDT 4H Long setup; Pullback entry after broken resistanceTA Explained ALPHA made a big impulsive move after which it retraced, found support but eventually dropped below it to find support lower. The decending trendline is broken and a higher high is created. Next up a higher low. After which it can continue upwards. Trade setup Best entries: 1.43653 - 1.66489 TP1: 2.17054 TP2: 2.79580 TP3: 3.45912 SL: 1.16355 RR: 4.85 Max leverage: 1x ————— Do Your Own Research (of course) Trade at own risk (of course) Only trade what you can afford to lose (of course)
Long
by MattieDsCryptoLounge
1
TSLA: Will it reverse? Key Points to keep in mind!Hello traders and investors! Let’s talk about Tesla today! In the 1h chart, Tesla is trading above the 21 ema, which is a good sign, and seems it found a bottom there, as it can’t close under it. We have a bear trend in this chart, with clear lower highs/ lower lows, but tesla is showing some early signs of reversal. First, it filled the last gap quickly, making it an Exhaustion Gap (just like NIO did, and you may check my last analysis on NIO in the link below, I explain better how Exhaustion Gaps are formed there). But Tesla doesn’t have higher highs yet , but it has higher lows. That’s a start, but the situation will change if Tesla defeats the $ 718 (black line), which is a Pivot Point . Now let’s see the daily chart: I only wish Tradingview’s chart was right, as Tesla didn’t hit the $ 872 yesterday. Anyway, Tesla hit a support level around the $ 618 and it is bouncing back up. The $ 745 is a resistance for Tesla as well, but I find the volume very good now. Since Tesla crashed last week, the volume increased, and this is a good sign. The problem will be the 21 ema, as it’ll also work as a resistance. But if Tesla defeats these points, nothing will hold it until the $ 821. It could go even higher, but let’s proceed carefully. If you liked this analysis, remember to follow me to keep in touch with my daily updates on Tesla and other stocks. Support this idea if it helped you! Thank you very much!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
4
NIO: What would take for a Reversal to occur?Hello traders and investors! It’s been a while, but let’s talk about NIO today! The stock dropped a lot recently, which is not necessarily concerning, as we are talking about a systemic drop, but still, very annoying. The thing is, NIO is doing some reversal signs in the 1h chart. First, it filled a gap, which was an Exhaustion Gap. We know it was an Exhaustion Gap because: 1 – It was filled quickly; 2 – It appeared just before NIO retests the $ 42.10, which is a support level; 3 – We already have several gaps in the middle of the bearish leg (yellow areas), when this happens, at one point, we’ll have signs of exhaustion, and an Exhaustion Gap usually appears. Yes, the bear trend is getting weaker, but it didn’t reverse yet. We must see NIO doing higher high/higher low . Yes, we are near a support level, and it didn’t lose the $ 42.10, but we don’t have any higher high. So, the $ 50.40 is the Key Point here, and if NIO defeats it, we may finally see a reversal in the 1h chart. In the daily chart, we see that NIO reacted very well last week, when it retested the $ 42.10. Until then, the volume was low (under the 21 ma I always like to put in the Volume), and now, when it retested the support level, the volume increased again. This could indicate that there are people buying NIO, simply because the Risk/Reward ratio makes sense. Yesterday’s earnings report did bring some volatility, but this is not going to affect the mid/long term perspectives for NIO. Let’s see if NIO will manage to reverse the bearish sentiment around it, and if you liked this analysis, remember to follow me to keep in touch with my updates on NIO and other stocks! And please, support this idea if it helped! Thank you very much!
NYSE:NIO
by Nathan_The_Finance_Hydra
15