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JPM - Trend-Following Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. JPM is overall bullish trading inside our brown rising broadening wedge and it is currently approaching a demand zone and round number 100.0 Moreover, the lower brown trendline act as non-horizontal support. Thus, the highlighted purple circle is a strong area to look for buy setups as it is the intersection of: 1- Green Demand Zone 2- Brown Trendline 3- Round Number 100.0 As per my trading style: Since JPY is already around the purple circle, I will be looking for reversal bullish 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
NYSE:JPMLong
by TheSignalyst
3
RLinda ! USDJPY-> Waiting for resistance breakdownWe see a slight decline in the dollar index and thus a reaction of the currency market, but with the USDJPY the story is different. There is a resistance level of 144.78 on the chart, relative to which we saw a shakeout last week against the background of the news release. The price tested the support at 142.736, but it did not go back down. The global chart gives us a glimpse of two serious resistance levels, which can turn the price around quite strongly. The first and the nearest one is 146.79, and the second one is 159.35. These zones were formed in the 90's. After the distributive growth, formation of correction should be expected. The support zone 134.00 will be the target in this case. I assume that on the local timeframes, a breakdown of resistance should be expected, as the major players are obviously interested in the area of 144.78 - 147.67, the price has stuck to the level from below and is pressing down, forming an upward trend. I expect a breakdown of the limit resistance and growth of the price to 147.67 Regards R. Linda!
Long
by RLinda
7
Analyses of CARDANO pricesAnalysis of the Cardano price reveals that the bulls are in charge and that the market momentum has recovered. The price is currently at $0.4324 and is anticipated to increase even more to reach $0.4348. Cardano is hardly an exception to the recent market volatility. The bulls drove the price of the cryptocurrency above $0.43 to kick off the week strongly. But the bears gained control and drove the price to $0.42. At $0.4348, ADA/USD encounters resistance. This is an important level to keep an eye on because a break above this resistance might lead to a price target of $0.44. Support for ADA/USD is located at $0.4255 on the downside. Cardano price analysis is present in a bullish trend as prices have been increasing steadily over the past few hours. However, the traders should be cautious as the prices may consolidate before making another move. The next few days will be crucial in determining the direction of the market. ADA/USD is among the few cryptocurrencies that have shown some stability in the last few days while most others are still struggling to find their footing.
KRAKEN:ADAUSDLong
by IPatrice
2
MARKETFollowing last week's analysis of 4 important indices in the markets, as we can see in the daily chart of these indices, in the last two days of the last week, gold, which had lost its support, is pulling back to it, but the American stock indices have their key daily supports with The members of the Federal Reserve paid attention to the contractionary talks, and most interestingly, Bitcoin did not have a strong seller, and apparently, risk aversion in crypto is less than that of reliable assets such as gold and stocks, which is probably the reason for the decentralized nature of this asset compared to others. . However, the reopening of the markets in this trading week is very vital and it should be seen that Bitcoin and consequently the crypto market can be supported against other assets or it will lose daily support following them and in order to confirm the weekly analysis. And monthly, which has not yet received a return signal, will continue to fall to the lower areas.
COINBASE:BTCUSD
by MrHunterTradeInsight
Total Double BottomThe total market cap has double bottomed on the daily reflecting a possible change in long term trend. Currently the index is within a falling wedge and will probably breakout upward. The RSI paints heavy bullish divergence and is uptrending. Upward break of falling wedge will raise the market cap to 1.05 trillion. Arrows indicate possible target if bull trend is maintained. A real double bottom will bring the index to 2 trillion, the same level as the start of April. The price of BTC at the start of April was 48.5k.
CRYPTOCAP:TOTALLong
by nagihatoum
S&P Monthly Chart Breakdown 🐻The S&P 500 index has seen a decline of over 20% now officially stating a Bear-Market over the widely followed indices. Today we are diving specifically in to the Monthly Chart for some Technicals Breakdown on the S&P 500 ETF (SPY) The Monthly Momentum in this case we're using TTM_Squeeze (similar to MACD etc.) is signaling a flip to bearish momentum on the Monthly Time Frame. This is signifying possibly a big move down in the coming months, to continue the trend of the Bearish Momentum. Last time we saw a real momentum switch with the TTM_SQUEEZE on the MONTHLY Chart was back in the 2008 Financial Crisis. Both scenarios are different in fundamentals, but even Technicals... SO I will not dive in to comparing the two much, as we were not as overbought then as we are now, and we have sold off already more now compared to when the monthly momentum switched then. Nonetheless, this is not a good sign in the mid-long term of the Stock Market. Technicals are showing months of decline, though this could include some dead-cat bounces, and bear-market relief rallies, we are starting to see a shift down in the markets. Bond Yields Rising, Dollar Soaring, Interest Rates Rising, Home Prices Dropping, and Inflation still on the move... Currently there is not much to look forward to on this current Economy until it sorts out of course. The bottom may be sooner than many think, or later. This idea was just to put this monthly timeframe in mind for your investing. Thesis : Market may suffer for few more months to come, but nothing is sure and fundamentals could switch sharply & swiftly with lower CPI numbers, and a more Dovish Fed. This may take a while, or not... Averaging in on investments in a Bear Market is never a bad idea in my opinion.
AMEX:SPY
by ZachSap
📌 BITCOIN - Make or Break! Are You Ready?Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. BTC has been stuck inside a range in the shape of a symmetrical triangle (in red) Bitcoin has to make a decision soon! Especially with US500 also sitting around a support zone. 📌 Bullish Scenario: (Right Chart) For the bulls to take over, we need a break above the symmetrical triangle AND the 20k level upward. 📌 Bearish Scenario: (Left Chart) For the bears to remain in control, we need a break below the symmetrical triangle AND the 18k level downward. 🥇 * As you noticed, a break below or above the symmetrical triangle would only be an early alert to prepare for the real break. and might result in a fake breakout. So for extra confirmation, I am waiting for a break above 20k or below 18k 🥈 ** By break, I mean a Momentum Daily Candle Close. 🥉 *** I know many of you would criticize my analysis: " oh it can either go up or down " right but you forgot the "IF" statement. As a conservative trader, that's my style, and it is working for me. I don't predict, I react. It can go up or down, but I am only in looking for longs above 20k and shorts below 18k. for now, I wait :) As traders, we only take action 10% of the time. the other 90% would be waiting and waiting. 1- wait for the asset to approach a certain rejection zone 2- then wait for a setup to form 3- then wait for the break / trigger 4- then wait for the result Which scenario do you think is more probable and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:BTCUSD
by TheSignalyst
34
Just freedom do matter right now, but EURUSD is consolidating! I apologize to all who were expecting just a financial analysis. EURUSD may consolidate between two zones, LONG positions is suggested over the red zone and SHORT ones under the green zone. Taking advantage of ranging markets is possible in LTF. Internet is not reliable in Iran, I'm not sure if I even post in near future again. Also, I can't be in office and checking markets while my compatriots are being killed on streets! If your news sources telling you this is a protest against "morality police", they are right but they are not telling you all the story. This is even more than a revolution, This is a war for women rights, basic human rights, freedom and democracy. one another point. 3 years ago, IRGC and other criminals in uniform killed at least 1500 Iranian who were just defending their basic rights with bare hands. Every day the world forgets more than yesterday what goes us through our peaceful protests. This is a war against a dangerous dictator who support terrorism. World recognized neither ISIS nor the Taliban but the IR president who have ordered execution of thousands in his 20s, did give a speech in UN! He is not our president. DO some thing for IRAN.
by AliSignals
6
U.S. markets up from here? Percent of stocks >200ma is rising.The vertical lines match $SPX lows with times when only 15-20% of stocks traded over their 200ma. The light blue line is a 10-week moving average and you can see that once it turns up it keeps rising (2008-09 was an exception). According to this broad market indicator, stocks have been performing better since early July. This is a big picture view, not to be used for short term trading. This index is a useful way to evaluate overall market condition, especially for active investing decisions. Considering this index is closer to 20 than to 50, it is possible that even if stocks are broadly sold again, there will soon enough be a substantial rise in stock prices. The exception to all of this - if "this time is different" is true. If all the Covid-induced money printing has damaged the system so much that worse extremes will be needed to make amends, then the usual historical patterns may all go out the window.
INDEX:MMTH
by OptionsRising
4