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Clean Chit for more than 25% POWHello, traders community, This Canadian power corporation has shown consistent revenue growth due to its expansion into renewable energy assets. Given the recent shift towards clean energy, the company is well-positioned to capitalize on new government incentives and regulatory support aimed at reducing carbon emissions. This stock has recently broken its resistance and formed support, I have taken a target of around 27% using a monthly chart. The company’s recent earnings beat consensus estimates, with a significant increase in renewable energy revenues. This trend is likely to continue as the demand for clean energy rises. Given market volatility, position sizing should be managed carefully. Aim to risk only 1-2% of your total portfolio on this trade to align with sound risk management practices.
TSX:POWLong
by fatehgarhiaharman
ETHUSDT: Promising Growth Potential!ETHUSDT is currently maintaining a strong uptrend, hovering around 2840 USDT, up more than 4.44% on the day! Notably, the Flag in Uptrend pattern is forming on the chart, signaling a great growth opportunity. Upcoming Targets: The first target will be the resistance zone of 3400 USDT, and if the bullish momentum holds, ETH may reach 4500 USDT! Do you think ETH will conquer these heights? Leave your comments below! Happy trading!
Long
by UnknownUnicorn86525521
Stellar Long Setup Setting / Risky but Why not?BINANCE:XLMUSDT COINBASE:XLMUSDT 📈Which side you pick? Bull or Bear SL1 ---> Low-risk status: 3x-4x Leverage SL2 ---> Mid-risk status: 5x-8x Leverage (If there is just one SL on the chart, I suggest, low risk status) 👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate. ➡️Entry Area: Yellow zone: 0.0914-0.0942 ⚡️TP: 0.0955 0.0968 0.0985 🔴SL: 0.0892 🧐The Alternate scenario: If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
Long
by CrazyS
FTMUSDT - Inverse Head & Shoulders - A Prime Long Opportunity?1.) Quick Overview On the FTM/USDT 4-hour chart, an inverse Head & Shoulders pattern is shaping up, often hinting at a bullish reversal. If the pattern completes, this could offer an excellent long setup. The key level to watch is around the mOpen at $0.6555, where the price is expected to dip and complete the “right shoulder,” potentially setting the stage for a strong bounce. 2.) Deep Dive: Chart Analysis Inverse Head & Shoulders Pattern: - Left Shoulder: Formed near $0.6342. - Head: A deeper low at $0.4744, marking the low point of the pattern. - Right Shoulder (In Progress): Expected to complete around mOpen at $0.6555. If the price touches down here and holds, it could serve as an ideal long entry point. Fibonacci Retracement: - The 0.382 Fibonacci retracement level aligns near $0.6555, supporting the right shoulder as a potential bounce zone. Key Levels to Watch: - mOpen at $0.6555: This is our primary entry level, where the right shoulder could find support. - VAL (Volume Area Low) at $0.6324: Another important support zone where the anchored VWAP also aligns, reinforcing this area as a significant base. If the price dips below mOpen, the VAL may act as a secondary support level. - VAH (Volume Area High) at $0.7262: Our initial target if the inverse Head & Shoulders completes, with potential for further gains. Volume Profile: - Increased volume near the head formation suggests accumulation, supporting a bullish scenario if the right shoulder completes as expected. 3.) Trade Setup - Entry: Look for a long entry around $0.6555. - Stop Loss: Place the stop loss just below $0.58 to manage risk if the pattern fails. - Target: Initial target at $0.7262 with room for more upside if the breakout continues. - Risk-to-Reward: Favorable setup with solid support and a high-probability bounce area. 4.) Final Thoughts - With the combination of the inverse Head & Shoulders, support at mOpen, Fibonacci, and anchored VWAP at the VAL, this FTM/USDT setup looks promising for a long position. Watch for confirmation around $0.6555 to see if the right shoulder completes. Disclaimer This analysis is for educational purposes and should not be taken as financial advice. Always do your own research and manage risk carefully!
Long
by SiDec
PEPE H4 UpdatePEPE/USD is currently breaking above a local resistance. it is currently sitting on top of the .236 retrace level. The .382 will also line up with the 150 simple moving average. Another key level to watch for for the price the turn is the .382, the second rectangle shown on the chart. These rectangles are areas to monitor on the intraday timeframe to look for entries. All three smas, the 50, 100, and 150 are sloping upward. There is definitely room for more downside as the recent impulse was strong and the price has only touched to the .236 thus far. Not financial advice. Do your own DD. Thanks for viewing the idea.
CRYPTO:PEPEUSDLong
by BallsOfSteel32
TCS Analysis - Multi-Year Deal with Air France-KLMTrend: TCS is in a strong uptrend within an ascending channel since 2021, signaling steady growth potential. Technical Signals: EMA Support : Price bounced above key EMAs (20/50/100/200), showing strong support. Volume Surge : High buying volume after the Air France-KLM deal indicates increased investor confidence. RSI : Above 50, supporting bullish momentum. Levels to Watch: Support : ₹3,995.45 – Reliable base. Immediate Resistance : ₹4,411.25 Final Target : ₹4,587.95 – Top of the channel. Trade Setup: Entry: On pullbacks or above ₹4,217.30. Stop Loss : Below ₹3,995.45. Target : ₹4,411.25 - ₹4,587.95.
NSE:TCSLong
by AngshumanSaikia
Breakout Alert: VEDL is About to Surge!Despite a recent decline alongside major indices, VEDL is now showing significant strength. 📉➡️📈 Indicators suggest a bullish reversal is on the horizon. It has found strong support, coupled with increasing trading volumes. 📊 Positive technical signals, along with favorable market conditions, hint at a potential breakout. 🚀 Investors should keep a close watch as VEDL is poised to transition into a robust upward trend. 📈💼 A potential 1:2 RR trade. for more ideas, check out my profile😊📈 Disclaimer: All ideas are my personal views and not financial advise. I do not have any Telegram channel nor do I sell any courses.
NSE:VEDLLong
by Numan_SuriyaMohammed
Ultra Bullish On Crypto - Especially BTCOver the last ewek we've seen signals jive in such a way that leans towards the most almighty bullish sentiment. Not only have ween seen an all time high on BTC, we've seen the upper trend line breached that we've been waiting for so long for. Equally, the cup and handle looks very much in play with a target in high excess of $250k. At this time, I'm super bullish on BTC and will be buying up all the dips from here on in until we get the terminal end of wave 5 of 5, which is months away. So, enjoy the up and down, know that up is the direction we're going in and goggle up all the dips like a raging Miss Pacman!
Long
by cryptechcapital
1
XAU! 11/7! retest 2680 area to get liquidityXAU / USD trend forecast November 7, 2024! SCALPING Gold prices (XAU/USD) decline for the second straight session on Thursday, weighed down by a stronger US Dollar following former President Donald Trump's election win. The precious metal faces selling pressure as safe-haven demand wanes, with market optimism rising on the back of “Trump trades.” With the presidential outcome now clear, the markets are less concerned about a contested result, contributing to the bearish sentiment around gold. Gold prices mostly sideways before the FOMC meeting tonight: 2650 - 2670 /// BUY XAU : zone 2661-2658 scalping SL: 2655 TP: 40 - 80 - 150 pips (2673) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
6
BTC 4h-48 long forecastBTC looks very bullish on almost any timeframe. structure tells us we could have a pullback soon into unmitigated MB's which act as large SnD zones for those who dont know. MB's tend to have a high % of being mitigated before the long trend can continue. they get mitigated to cover the institutional shorts that made that last move down to liquidate any longs before the pump happened. Of course there isnt always a mitigation and this could very well continue upwards without any for of mitigation but that is something we shouldnt trade as there is very limited RR to capitalize on.
Long
by BreadFish
5
Getting thereThis a just a simple idea of what could happen. Not necessarily the exact blue line 1-5, I am in favor or the orange line moving downward. We have seen typically that there is a bull trap right before launch. I expect a major rejection off the black line downward trend line like we have seen a downward wedge shaping. However the biggest picture we know is the 7 year triangle forming for a major pump. Keeping a bag for potential break and preparing funds for a major move downward to load up. If this breaks and does a rapid move upwards we will scalp in, but I don’t believe this is the major move just yet. Good luck and have fun with it.
COINBASE:XRPUSD
by Ncard137
1
Gold prices to fall steadily by the end of 2024Gold prices are trending down today, falling below the critical $2,700 level and currently hovering around $2,659. The main driver behind gold's decline is the surging USD, coupled with investor expectations that tensions in the Middle East and Ukraine may ease. Additionally, previous profit-taking and short-selling activity have further "sunk" this asset. If this trend continues, gold may test lower support levels around $2,603, after revisiting the 0.786 Fibonacci level and declining in line with the Elliott Wave 5. Investors are advised to seize short-selling opportunities while closely monitoring market movements in the coming period!
OANDA:XAUUSDShort
by Bentradegold
Gold Hits 3-Week Low: Recovery or Further Decline?Gold prices dropped over 3% to a 3-week low on Wednesday (Nov 6) as the USD strengthened following Donald Trump’s victory. Gold has reached a critical support level around 2,642.534 USD/oz, acting as a key "stop point." If strong buying interest emerges here, gold may see a short-term recovery. However, if this support level doesn’t hold, the next downside target could be 2,588.110 USD/oz, where additional buying pressure is expected. The 34 and 89 EMA lines are currently above the price, indicating that the downtrend still dominates. To confirm a recovery, the price needs to climb back above lost resistance levels. Conversely, if selling pressure persists and the price stays below the EMAs, the downward trend is likely to intensify. Investors should closely monitor price reactions at these support and resistance levels, especially as global political and economic factors could lead to strong market volatility.
OANDA:XAUUSDShort
by Zola_Hello
Bitcoin Approaches Important Support Zone, Waiting for New BreakBitcoin is currently trading around $69,962 after a slight correction and touching the support zone between $68,102 and $68,976. This price zone has proven to be a strong support zone in the short term. The 4-hour chart shows that the price is in a consolidation and accumulation phase after the previous strong rally, with the 34 EMA and 89 EMA acting as dynamic support levels. If the price holds the support zone and does not break below, Bitcoin could continue to fluctuate and form a short-term bottom pattern in this area before retesting the resistance level at $70,182. If this level is broken, a further uptrend could emerge with a target towards the $72,718 zone. However, in a negative scenario, if the price breaks below the current support zone, BTC could face further downward pressure towards lower support levels. Investors need to closely monitor fluctuations and macro news that affect the market.
Long
by UnknownUnicorn86525521
1
BTCUSD price analysis: Prospects of intact price increaseBTCUSD is currently trading around 67,957, continuing the recent decline. Despite the pressure on Bitcoin, the long -term prospect is still positive, because it continues to move in the parallel channel. Looking at the technical indicators, we see that BTC has maintained its position on EMA 34 and EMA 89, signaling the potential for reversing. It is expected that, after checking the lower boundaries of this main canal and the ema, the price increases may continue. This can cause Bitcoin to aim for higher goals, capable of reaching new high levels over 73,000. What do you think about this view? Do you believe that Bitcoin has enough power to maintain its position in the price increase or is there a stronger risk of decline?
BITSTAMP:BTCUSDLong
by UnknownUnicorn86525521
1
Gold price today: Continuing momentum!Ben hello everyone. Today, gold price is tending to decrease, after not passing the resistance vertices of 2790-2750, the price has begun to decrease and currently trading at $ 2728. This decline takes place before important events such as the US presidential election and the interest rate of the US Federal Reserve (Fed). As seen on the 2 -hour chart, it can be seen that gold price is still reacting around EMA 34 and the discount has not been broken, showing that the downtrend has not ended. Due to these factors, according to Ben's personal opinion, it is expected that gold price will continue to decrease in the near future, which is likely to reach about $ 2708 lower than $ 2709.
OANDA:XAUUSDShort
by Bentradegold
2
HCL Technologies Ltd Daily Chart Analysis The daily chart of HCL Technologies Ltd illustrates an upward trend with strong support levels and clear resistance areas, showcasing both bullish momentum and potential pullback scenarios. Key Observations: 1.Trend Analysis: The stock price is in an overall uptrend, consistently making higher highs and higher lows. It is supported by a well-defined ascending trendline and is trading above the 200 EMA, which is a bullish indicator. 2.EMA Levels: The 13, 48, and 200 EMAs are aligned in a bullish configuration, indicating continued strength. The price’s proximity to the EMAs will be a key indicator of short-term trends. 3.Volume Behavior: There is a healthy volume trend with spikes during up moves, suggesting interest and accumulation during bullish days. 4.Resistance and Support Zones: • Resistance: The resistance zone around ₹1,888.50 - ₹1,889.30 represents a key hurdle. A sustained move above this level, accompanied by strong volume, could confirm a bullish breakout and indicate further upside potential. • Support: The primary support level lies around ₹1,719.00. A breakdown below this level could lead to a more significant pullback, possibly retesting previous lows or consolidating around the 200 EMA. 5.RSI Indicator: The RSI is currently around 55.27, indicating mild bullish momentum without being overbought. An upward move in the RSI beyond 60 could further validate any price strength and potential for breakout scenarios. Potential Scenarios: • Bullish Scenario: A breakout above the ₹1,889 resistance zone with strong volume could propel the stock higher, targeting further resistance levels around ₹2,000 and beyond. • Bearish Scenario: If the price is unable to break above resistance and reverses, it may test support around ₹1,719. A breakdown below this level could signal a potential trend reversal or consolidation phase. Impact of Macro Events (e.g., US Elections): The outcome of significant macroeconomic events, such as the US elections, could influence IT sector stocks, including HCL Technologies. Favorable policies, market stability, and global business sentiment may drive higher demand for IT services and lead to a bullish impact. Conversely, any policy uncertainty, geopolitical tensions, or economic disruptions could lead to increased volatility, potentially affecting the stock’s upward momentum. Summary: HCL Technologies is currently at a key resistance level. A breakout above ₹1,889 may signal further bullishness, while a rejection and breakdown below ₹1,719 could prompt caution. Traders should watch volume and price action closely, along with any macroeconomic news that might impact the broader market sentiment. Disclaimer: This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research or consult with a financial advisor before making any trading or investment decisions.
NSE:HCLTECHLong
by tintinhawk
Central Depository Services (I) Long positionCentral Depository Services (I) Ltd Daily Chart Analysis This daily chart of Central Depository Services (I) Ltd (CDSL) reveals key market movements and a clear ascending trendline support that has provided a strong base for the stock’s recent upward movement. Key Observations: 1.Ascending Triangle Pattern: The chart shows an ascending triangle pattern, characterized by higher lows connecting through a rising trendline and a relatively horizontal resistance zone near ₹1,660.20 - ₹1,664.40. This pattern typically suggests a continuation of the existing uptrend with a potential breakout. 2.EMA Levels: The stock price is above the 13, 48, and 200 EMA levels, which supports the bullish sentiment. The moving averages act as a dynamic support zone, indicating strong buying momentum. 3.Volume Trends: The volume shows periodic spikes, suggesting accumulation. A volume surge during an upward breakout above ₹1,660 - ₹1,664 could confirm the strength of the breakout. 4.Resistance and Support Zones: • Resistance: The key resistance levels to watch are around ₹1,660.20 and ₹1,664.40. If the price breaks out above these levels with strong volume, it could lead to a significant upward move. • Support: The immediate support level lies at ₹1,560.55, aligned with the ascending triangle’s support trendline. A break below this level may result in a corrective phase or consolidation around ₹1,486.65. 5.RSI Indicator: The RSI is around 58.93, indicating bullish momentum but not yet in overbought territory. A move above 60 would further strengthen the bullish sentiment. Potential Scenarios: • Bullish Scenario: A sustained breakout above ₹1,664 with strong volume may push the stock toward higher resistance zones, potentially targeting ₹1,750 and beyond. • Bearish Scenario: A failure to break above the resistance levels and a drop below ₹1,560 could lead to a pullback toward the support levels around ₹1,486. Impact of US Elections: The outcome of the US elections can influence global market sentiments, including Indian equities. A favorable or market-friendly outcome (e.g., policies encouraging global trade, fiscal stimulus, or economic stability) could trigger bullish momentum in international markets, including CDSL, especially if investor sentiment turns risk-on. Conversely, market uncertainties or potential negative impacts on global trade and investments could weigh down sentiment, causing increased volatility and possibly stalling upward momentum for stocks like CDSL. Summary: CDSL is currently showing a bullish pattern with an ascending triangle. The upcoming breakout or rejection from the resistance levels will likely set the direction for the stock. Traders should monitor volume, price action, and global macroeconomic influences, including the US election outcomes, to gauge market sentiment accurately. Disclaimer: This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research or consult with a financial advisor before making any trading or investment decisions.
NSE:CDSLLong
by tintinhawk
SLB 5M Daytrade Long Aggressive CounterTrend tradeAggressive CounterTrend trade - short impulse + support level - unvolumed T1 level + volumed 2Sp- - weak test closed below T1 + first bullish bar closed entry - target beyond 5M / 1H range Calculated affordable stop limit 1 to 2 R/R take profit expandable to swing / investment trade 1 Hour CounterTrend "- short balance + expanding ICE + support level + biggest volume manipulation" 1 Day Trend "+ long impulse + SOS test level + support level + 1/2 correction" 1 Month Trend "+ long balance + expanding ICE level + support level + 1/2 correction + volumed manipulation" Sell SLB Limit 44.54, GTC Sell SLB Stop 42.29 LMT 43.06, GTC
NYSE:SLBLong
by MishaSuvorov