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140d range breakoutOne possible trading idea for Stock ARAV could be to take advantage of the recent breakout above its 140-day trading range. This could be considered a bullish signal, suggesting that there may be further upside potential for the stock. For a "hot" trade, traders may consider going long on the stock at its current price level, and looking for patterns in smaller timeframes to identify potential entry and exit points. The potential target for this trade is 3.78 , based on the recent signal for a move to this level. For a more "calm" trade, traders may consider waiting for a pullback in the stock price, possibly to the range of 2.17$ to 2.47$ , before entering a long position. This would provide a lower risk entry point, while still allowing for potential upside to a target of 7.45$ . However, it is important to note that this trade may require more patience, as it may take longer for the stock to reach the target price. As with any trading idea, it is important to consider risk management strategies, such as setting stop-loss orders to limit potential losses and closely monitoring market conditions and news that may affect the stock price.
ALong
by ego1smo
Megaphone Bottom | 20% move possibleDirexion Daily Semiconductor Bull 3X Shares forms bullish "Megaphone Bottom" chart pattern "Megaphone Bottom" chart pattern formed on Direxion Daily Semiconductor Bull 3X Shares (SOXL:NYSE). This bullish signal indicates that the stock price may rise from the close of $16.61 to the range of $19.60 - $20.30. The pattern formed over 16 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis. Tells Me: The recent broadening action tells us that trading has been out of control, but a breakout on the upside suggests we're starting a more decisive uptrend. With its broadening price swings, the Megaphone represents a market that's unstable and out of control. It typically consists of two successively higher highs between three lower lows, and the reversal signal occurs when the price breaks up above the second peak (the highest high) as a sign of a more decisive bullish move.
AMEX:SOXLLong
by moneytalkstome
Bullish on BTC: Analysis and Strategy for Long Trade at $27kBTC has seen a significant pullback from its recent all-time high of around $69,000 in November 2021, and it is currently trading around $27,000. However, there are still reasons to be bullish on BTC over the long term. First, BTC has been through several market cycles before, and historically, it has always recovered and gone on to new all-time highs. Second, there is increasing adoption and acceptance of BTC as a store of value and a medium of exchange, with several major corporations and institutions investing in BTC and integrating it into their operations. From a technical analysis perspective, BTC is currently trading in a range between around $28,000 and $32,000, with a strong support level around $26,000. If BTC can hold this support level and break above the upper end of the range, it could signal a potential bullish reversal. To go long on BTC, one potential strategy could be to wait for confirmation of a breakout above the range and enter a long position with a stop loss below the support level. It is important to remember that trading BTC, like any investment, carries risks, and it is crucial to conduct your own research and risk management before making any trades. #BTC #cryptocurrency #tradingstrategy #longtrade #technicalanalysis #storeofvalue #investing #financialmarkets
CRYPTO:BTCUSDLong
by ss7trader
Swing XAUUSD timeframes 1D As we can see 2 green candles has closed in valuable range. I prefer long for XAU now. 🟢🟢🟢 XAU/USD is currently trading at $1,830, which is just below the key resistance level of $1,874. However, the overall trend for gold is bullish, and there is a potential for a meeting at the resistance level. In addition, there is support at the $1,800 level, which could limit downside risk for traders in a long position. This suggests that there is potential for the price to break out above the resistance level, which could be favorable for traders in a long position Entry: 1830 TP1: 1875 TP2: 1905 SL: 1800 Let see how it goes :) Happy trading guys!
OANDA:XAUUSDLong
by TraderBBBBB
5
Bitcoin Long IdeaHi Traders! As Bitcoin has been trending lower and all my short profits have been locked in on the coin, I have decided to look for a long entry. Be careful with this trade, we are currently trading in the same direction as the legacy markets, we could see a further downside if stocks crash. Here is my game plan for a potential entry: - Bitcoin needs to recover above 20k and consolidate - We need to reclaim 20300 - Small consolidation @20300 - Entry once high on lower timeframes (>5 min timeframes) has been broken - T1 21k - T2 22k - Stop: 19200 The beautiful thing about being right in trading a direction, it helps you to understand when to reverse your position to enjoy the upside. Before entering this trade, make sure that you manage your risk carefully, and make sure to leave me a follow on Tradingview for more trade ideas. Best CH
Long
by TraderCHgold
Long AVAX/USDT D1 (x2 potential)As you have noticed crypto market/altcoin market has gained a significant rise in price levels. Several alts have bounced +50-100% off the bottom. Some of them still have a decent room to grow. Avalanche (AVAX) is one of them imho. Taking into consideration: - legacy market conditions, FRS policy (inflation + rates) - overall state/cycle of crypto market on W1, we are pretty far from real bull cycle. Better call it local bull market (q1 2023 - maybe q2 2023) and a major correction to 1-year bear market of 2022. Anyway who cares if we see an opportunity to make and take (!!) some profit from it? FA: Firstly we need to focus only on alpha ideas/top alts/decent L-1 infra projects. AVAX, as a L-1 infra with over 1mln wallets suits this. TA: - after great sell off in May 22, there was a selling pressure absorption in the middle of June, 22 (see volume in orange circle). Low on D1 was printed just below $14. - this level was broken on November, but without further continuation - on Jan, 11 wide-spread green candle on big volume broke up the key level of $14 and got the price back in the range. That's when we need to look for "confirmation" - confirmation: DMA 200 was broken. Lower TF DMAs/EMAs are looking to cross DMA200 - since then the volume was building up (almost 3 weeks until now) Entry: 50% on current price level, 50% - 17.5-18 (200DMA retest). RSI indicates we have pretty high probability of correction to 18-19 level. Stop: DMA 200 is invalidated on D1 as a support. PoC is also sitting there... TP1: 37 (take a look at 30 also, maybe close 20-25% to reduce risk) TP2: 53 These are resistance levels on W1. Don't forget we are still in higher TF bear market. So, it's very important to babysit your positions and trade them accordingly. Better safe than sorry. p.s. I think the overall crypto trend will go pretty quickly to catch traders and then prices will print new lows in q2-q3 2023 p.p.s. you can find your own desirable alt based on FA (like alpha, kava, ctsi..) which have similar setups and trade them. Maybe it's a good idea to spread an amount across 2-3 diff alts. Just an opinion. But don't go full risk on all 3-4 alts or whatever number of proper setups would be found: altcoin correlation is almost 100%
Long
by SaltSugar
7
Possible bottom for NZD/USDThis is a similar setup to GBP/USD. I wouldn't expect a deep dig underneath the buyzone.Maybe accumulation and a stops hit below it before reversing. When I'm calling tops and bottoms, that don't mean that price will trend up or down for eternity from there. These are setups I'm confident with to add size into or have a wider stop. I don't know what the market will do but from backtesting, when these levels are generated, there is usually a reversal that follows.Sometimes it's insntantly, sometimes it's over the course of days.I wouldn't enter trades on them especially the first 1-3 levels.
Long
by PEAKFINDER
1