BTC - For now, We Wait ⏱Greetings, TradingView Family! This is Richard, also known as theSignalyst.
BTC is still bearish trading inside a falling wedge pattern and lately it has been stuck inside a narrow range.
📈 For the bulls take over again short-term , it's crucial for BTC to surpass the last high in gray around 26,500 and upper red trendline.
📉 Meanwhile, BTC would be bearish, and if it breaks below 26,000 we will expect further bearish movement till the 25,000 - 25,250 support and demand zone.
Which scenario do you think is more likely to happen? and why?
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
Longterm
EURAUD - Looking For Trend-Following Buy Setups↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
EURAUD has been overall bullish trading inside the rising channel in orange, and it is currently approaching the lower bound of the channel.
Moreover, the zone 1.63 is a strong support.
🏹 So the highlighted orange circle is a strong area to look for trend-following buy setups as it is the intersection of the green support and lower orange trendline acting as a non-horizontal support.
As per my trading style:
As EURAUD approaches the lower orange circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Electrifying Your Portfolio: Tesla's Long-Term Potential BUYHello Traders:)
Let's start by recognizing the overall trend in the electric vehicle sector.
Global sales of electric vehicles have more than doubled in just two years, marking a sixfold increase compared to 2020. Considering the future bans on the sale of gasoline-powered cars, this trend is expected to be sustained and even strengthened in the near future. This provides us with a macroeconomic justification for seeking long-term buying opportunities in this industry. Given the immense growth potential in Tesla, it's worth considering allocating exposure to this market through this particular company.
Currently, Tesla is trading at 66% below its all-time high. Assuming a bright future for this industry, this could translate into significant growth potential.
But is now a good time to enter?
To assess this, we can first look at the Global X Autonomous & Electric Vehicles ETF, which represents the global outlook for potential growth in this sector. I've chosen this ETF because it provides worldwide exposure to this industry.
As seen on the daily chart, the ETF is currently retesting the price breakout from the beginning of the year and the lower market profile from both two months ago and the current month. This creates a very strong demand level, making it an excellent entry point with low risk for potential gains. This opens up the overall opportunity to explore chances in this sector here and now. Instead of going long on this or a similar ETF, it's better to select a single company because the potential for one company's growth outweighs the percentage increase of the entire ETF. Therefore, choosing a dynamically changing stock like Tesla seems like a very sensible solution for maximizing potential profit.
And finally, Tesla itself... It currently appears to be a great moment to accumulate shares before a potential upward rally. This is because we are currently witnessing a retest of the upper band of the yearly VWAP (Volume Weighted Average Price) and the lower band of the monthly Market Profile.
I consider the scenario to have begun after a signal was generated from this point by the Heikin Ashi 1D candles. This could potentially be held for long-term growth or until negative environmental/company news arises. The entry could be negated if there is a clear breakthrough below the upper band of the yearly VWAP. In that case, patience should be exercised in seeking a new entry opportunity, perhaps from within the VWAP or upon a retest and breakout above the upper band of the VWAP.
Additional confirmation comes from the ongoing retest of Tesla's weekly moving average, which can currently be interpreted in the same way as the upper boundary of the yearly VWAP.
Good luck!
KIOCL - Reached its Previous High with in 1&Half MonthThis NMDC strategy I'm already posted but its hidden due to some TradingView House Rules Violation Please Note this
Reached all My targets & also broken previous high (22 months Back high) 💥💹💰💸
Company Name - KIOCL
Price - 223.85
% Chg - -0.33
MCap(Cr) - 13,604.51
P/B - 6.80
ROE(%) - -4.87
1 Yr Perform(%) - 14.03
Net Profit(Rs.) - -97
Net Sales(Rs.) - 1,543
Debt to Equity - 0.21
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
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we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
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HAPPY TRADING 👍
EUR/CHF Quick HTF Analysis - Important Price Action to followFor all watching, I kept this video very short and straight to the point to show longer term opportunities for the pair and overall objective of where market may want to go. In order to create your own trade bias, further confluence and analysis is needed.
TL;DR (or watch) - I see some signal opportunities in the near-term outlook of EUR/CHF as to the downside we are entering a 'liquidity drought' and are requiring further selling support by mitigating former Supply Zones. We are also approaching major resistance in the form of a multi-year trend line top and will therefore require a push from buyers (as we saw today) to push us through resistance to liquidity above.
For a trade to the upside, we are above our former low so we will look for a MTF/LTF change of character and ideally, confluence with a HTF break.
This requirement for liquidity to create new lows coupled with strong resistance and the overarching downtrend allows for an open-ended bias and with patience and market structure we will wait for trend continuation (with a break of structure to the downside) or signs of reversal (with BOS to the upside) to form our bias and look for entries.
Hope this is helpful and enjoyable for those who care and boring for those who don't! ;)
EURCHF - Already Overbought ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
EURCHF has been overall bearish trading inside the falling channel in red, and it is currently approaching around the upper trendline.
Moreover, the zone 0.97 - 0.975 is a strong resistance.
🏹 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline acting as a non-horizontal resistance.
As per my trading style:
As EURCHF approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
PEAB - Great opportunity for a long-term holdPEAB is a construction company based in Sweden, if you are interested in dividend stocks this might be something for you.
PEAB looks very promising in these areas. The housing market is on the verge of an upturn again, and interest rates are likely to start decreasing next year.
I see no reason not to invest in the company right now, given its current valuation, and hold for many years to come. I have bought some shares at these levels.
If you factor in the annual inflation we have, PEAB is not far from the 2008 low, and that bottom was extreme. In my opinion, we are currently very oversold.
BTC - Are The Bulls Strong Enough?❗️Greetings, TradingView Family! This is Richard, also known as theSignalyst.
As per my last BTC daily timeframe analysis, BTC rejected the 25,000 support and traded higher.
📈 For the bulls to remain in control , it's crucial for BTC to surpass the orange trendline and 28,000 minor resistance. If this occurs, we can expect further upward momentum toward the 30,000 resistance.
📉 Meanwhile, BTC would be stuck inside the 28,000 - 25,000 range, and is currently around the upper bound of the range.
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
Advanced Micro Devices - Is The Future 🌐Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
AMD has been overall bullish trading inside the rising wedge pattern and it is currently in a correction phase approaching the lower bound / blue trendline.
Moreover, the zone 100 - 105 is a strong support.
🏹 So the 100.0 round number is a strong area to look for trend-following buy setups as it is the intersection of the green support and lower blue trendline acting as a non-horizontal support.
As per my trading style:
As AMD is sitting around a rejection zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break, and so on...)
Moreover, for the bulls to take over long-term again for the next impulse to start, we need a break above the last major high in gray around 112.5
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
APE/USDT LONGTERM CHART OUTLOOKGreetings Folks,
today i have prepared a setup on APE/USDT
the analysis is as follows
- the price is at all time low
- currently facing a static resistance which might break
- a bigger and important dynamic resistance which is the pivot of our trade
- watch out for volume, whichever side it breakout it should be with good volume otherwise it might be a liquidity sweep
dont play with fire, always use a predefined stoploss
ETH - The Bulls Are Pushing, However...❗️Greetings, TradingView Family! This is Richard, also known as theSignalyst.
Just like BTC, ETH has been bullish the last couple of days and is currently back above the local support (1600.0).
📈 For the bulls to remain in control, it's crucial for ETH to surpass the last high in orange at 1663.0 . If this occurs, we can expect further upward momentum toward 1700.0 blue supply zone.
📉 Meanwhile, ETH would be stuck inside the new range between 1600.0 and 1650.0
📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management.
Good luck!
Remember, all strategies are good if managed properly!
~Rich
CADJPY - Waiting For The Bears!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on H4: Left Chart
CADJPY has been overall bullish trading inside the rising channel in orange, however it is currently approaching around the upper trendline.
Moreover, the zone 109.0 is a strong supply. So we will be looking for sell setups on lower timeframes.
on H1: Right Chart
CADJPY formed a valid channel in red but it is not ready to go yet.
For the bears to take over, we need a momentum candle close below the last high marked in gray.
In this case, we will expect a shift in momentum from bullish to bearish.
Meanwhile, until the sell is activated, CADJPY would be overall bullish and can still trade higher inside the resistance.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bank of India #BankBank of India is in downtrend from 2011. Recently it broke the trendline which is also the breakout of the falling wedge pattern . There is a small hurdle which we can see clearly on weekly time frame once it break & sustain that we might see a good move in this stock. Please consult your financial advisor before making any investment its only for educational purpose not any stock recommendation
TRU Breakout Re-test and BUY MOVETRU is a performance-based stock. On 28th Aug 23, I posted it's breakout. But unfortunately, it could not be a successful breakout. Now, TRU has retested the Support trendline and is bouncing back. There is a minor resistance at 64 because it has been tested multiple times. This time, it is more likely to break to the upside.
Reason :
Stock has been consolidating for more than a year.
It has formed a triple Bottom.
Taking Support at Trendline.
Right now, at support Zone.
Verdict :
Bullishness Expected
Plan of action :
Buy: 59.60
Stoploss: 54
TARGET: (1st) 82, (2nd) 100
XRP - Wait For The Bulls 💪Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on Weekly: Left Chart
XRP has been overall bullish from a long-term perspective trading inside the rising wedge pattern and it is currently sitting around the lower bound / blue trendline.
Moreover, the zone 0.5 is a strong support and supply zone.
🏹 Hence, XRP is sitting around a strong area to look for buy setups as it is the intersection of the green supply and lower blue trendline.
on H4: Right Chart
XRP has been stuck inside a range.
For the bulls to take over short-term, we need a momentum candle close above the last minor high in red.
Meanwhile, until the bulls take over, XRP would be stuck inside a range while completing the inverse head and shoulders pattern before breaking the neckline.
📚 Always remember to follow your trading plan regarding entry, risk management, and trade management.
Good luck!
And always remember: All strategies are good if managed properly!
~Rich
CADJPY - Approaching A Strong Supply 🔎Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
CADJPY has been overall bullish trading inside the rising channel in orange, however it is currently approaching around the upper trendline.
Moreover, the zone 109.0 is a strong supply.
🏹 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green supply and upper orange trendline acting as a non-horizontal resistance.
As per my trading style:
As CADJPY approaches the orange circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC - Top Down Analysis 📹 From Weekly To H1Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #BTC.
Which scenario do you think is more likely to happen? and Why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
GBPAUD - Top Down Analysis 📹 From Daily To H1Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #GBPAUD.
Which scenario do you think is more likely to happen? and Why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
ETH Long term view. ~$1K :ong term ETH analysis. Purely focused on the structure of the cycle that Ether follows containing a triple top formation with a 1st high, weaker HH, lower High and a drop down followed by slow consolidation culminating in double bottom - not precisely - in demand zone, which is around $1000 USD this cycle.
Target for next cycle is pure speculation. Only certainty is that ATH will be beaten.