SNPS Trading Plan: Anticipating a Break Above SMA 150 at 535.73NASDAQ:SNPS
Currently, the price of SNPS is 520.70, which is slightly below the 150 SMA (527.81). The suggested entry point is 535.73, positioned above the SMA 150 to confirm a potential upward trend.
Entry Strategy:
Wait for the price to break above 535.73 to signal confirmation of strength and momentum.
Verify that the SMA 150 remains in an upward trend or shows signs of reversing upward.
Stop Loss:
Set the stop loss at 519.9, just below the SMA 150, to protect against significant downside.
Target:
Identify potential resistance levels above 535.73 to define profit-taking zones.
Alerts:
Place an alert on TradingView at 535.73 to get notified when the price breaks the entry point.
Note:
This plan also aims to identify a potential upward reversal in the trend of the SMA 150, ensuring the stock aligns with a strong bullish movement.
Moving Averages
NVDA Trading Plan: Waiting for a Break Above SMA 150 at 130.84Currently, the price of NVDA is 117.81, which is below the 150 SMA (128.9). The suggested entry point is 130.84, which is safely above the SMA 150, indicating a confirmation of upward momentum.
Entry Strategy:
Wait for the price to break above 130.84.
Ensure the SMA 150 continues to trend upward for additional confirmation.
Stop Loss:
Set the stop loss was at 126.97, below the SMA 150, to minimize risk.
Target:
Monitor the price action for key resistance levels to determine potential profit targets.
Alerts:
Set an alert on TradingView at 130.84 to notify you when the price breaks the entry level. NASDAQ:NVDA
Lowe’s Makes a Lower HighLowe’s has been falling since mid-October, and some traders may see further downside risk.
The first pattern on today’s chart is the series of lower highs and lower lows over the last three months. If the resulting descending channel remains in effect, it could point to potential move below the January 8 low of $242.96.
Next, the 50-day simple moving average (SMA) recently turned negative and crossed below the 100-day SMA. Prices are now stalling at both. That may suggest its longer-term is weakening.
LOW also ended last week below its 8-day exponential moving average. That may suggest its short-term is weakening.
Next, stochastics are dipping from an overbought condition.
Finally, President Trump’s tariffs on Mexico and Canada may impact the home-improvement chain.
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EURUSD Hits Support Zone—Is a Bullish Reversal Coming!!!As I expected , the EURUSD ( FX:EURUSD ) fell to the target I set yesterday.
EURUSD is moving near Support zone($1.039-$1.033) and 100_SMA(4-hour) .
According to the theory of Elliott waves , it seems that the EURUSD has succeeded in completing the corrective Zigzag(ABC/5-3-5) , and we should wait for the EURUSD to rise again. One of the signs of completion can be a Bullish Engulfing Candlestick Pattern with a suitable volume .
I expect EURUSD to rise to Resistance zone($1.0534-$1.0448) after breaking the Resistance lines .
Note: If EURUSD goes below $1.0333, we can expect more dumps .
Please respect each other's ideas and express them politely if you agree or disagree.
Euro/U.S.Dollar Analyze (EURUSD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Why I Think USDJPY Will Buy This Week...Technical AnalysisHey Rich Friends,
This is a technical analysis of USDJPY. I encourage you to check the news and cross-reference your own charts and indicators before taking any trades.
I think USDJPY will be buying this week, and here is what I am looking at:
- The candles have started to cross and close above the 200 EMA. When candles are above an EMA, it tends to act as an area of support and confirm a buying trend. You can and should backtest this.
- The STOCH is facing up, the fast line (blue) is above the slow line (orange) and both lines have crossed above 80%. This is a strong bullish confirmation for me.
- I have a few potential TPs and buy stops set at previous highs in case the market does continue to push up, my SL will be a previous low.
If this makes sense or you agree, let me know down below in the comments.
Peace and Profits,
Cha
Why I Think Gold Will Sell Before it BuysHey Rich Friends,
Happy New Year! This year, I will be posting more Gold Analysis videos that will be just like my Forex ones. If it is helpful, and you learn something, you can follow me here :)
After reaching an all-time high last week, I think Gold will be retesting lower levels before it continues to buy. Here is what I am looking at:
- The market hit a swing high at 2817.09 before it started to sell and create lower highs at 2806 and 2791.
- Structure was broken on the downside at 2785 triggering my first sell stop.
- The STOCH is facing down, the slow line (orange) is above the fast line (blue), and both lines have crossed below 80% and 50% making this a strong bearish confirmation for me.
- I believe that the next levels to be hit will be 2775, 2770, 2760 and potentially as low at 2746 if it closes below the 200 EMA.
Now overall, Gold is on the up and up but that doesn't mean that we cannot make money on shorts. I encourage you to check the news, cross reference your own charts and indicators and make the best decision for your account!
Peace and Profits,
Cha
Oil bullish potential + FibonacciNow, we start thinking about the bullish side. This morning, the oil price formed a new high for the last seven days, since last Monday. By placing Fibonacci on the chart, we see a pullback stop in the 50.0-61.8% zone. Oil has formed a higher low since Friday, and we need an impulse to move back above the EMA 200 hourly moving average to strengthen the bullish momentum. A potential first target is $76.00, then $76.80.
$BTC Remains Bullish Despite Tariff FearsMarket is panicking over Tariff Wars, but ₿itcoin continues to remain in a bullish uptrend.
CRYPTOCAP:BTC got rejected hard at $104k on the Weekly, and has closed below the 9WMA.
Strong possibility of price trading $94-91k. A range for a few weeks might appear painful, but will give the market time to reset and accumulate all that liquidity for the next leg up.
Price is nowhere close to the 20 or 50WMA, so there’s nothing really to worry about structurally at this point.
The Bull Case is price is closing above the .382 Fib, so we could slingshot up if we get some bullish catalysts next week.
WHEN IN DOUBT, ZOOM OUT.
ETH | Alternative Chart Pattern | EducationJust a short update for my latest C&H post
Price is also forming an Ascending Triangle pattern with a liquidity zone of $2,800 - $3,000 for an average spot for buyer to step in
When trading chart patterns it's best to figure out how to jump in before the breakout similarly to the last touches highlighted in blue on the bottom trendline
You can see that price was forming a bottom-like pattern or what I also like to call price accumulation and then vice versa for the tops.
BTC inexperience getting rolled - 2 ways use stairs to TPBottom's In
don't get rolled down the stairs learning to walk. Many people high on bull market gains want to imagine that anything under 100k is a deal in todays market. It may or may not be but commiting yourself to a position without confluence and TA or a news event is a great way to lose your footing and take a fall.
Wait for a bounce on the higher timeframes since we have been trending downwards for over a week and havnt been able to set any new market structure. Smart money bearish FVG Gaps were rejected and price is headed down on the weekly.
We are looking at a LONG at around 85 to 83 off the the 1D 200 EMA, It will need to stand as support with confirmation from indicators and Volume. It will bounce and retest quickly smart money is already in place to accumulate in this area.
PREVIOUS IDEA
$SPY February 3, 2025AMEX:SPY February 3, 2025
Weekly
We will consider 2 lows.
218 made in 2020 and 348 made in 2022.
Now for the move 218 to 473 to 362.
100% move for the extension i218 to 473 is 612 levels.
That is nearly achieved around 610 levels.
Now for the extension drawn from 348 to 459 to 409 1.618 extension is around 591.
This is also done.
However, in monthly time frame for the extension 218 to 479 to 348 100% extension is at 620 levels. Which is the next target.
At the moment daily is strong.
We have 9,21 and 50 converging.
100 averages are at 586 levels.
So, if any fall I expect good support around those levels.
60 Minutes.
As written earlier AMEX:SPY in a box.
Gaps, long bars need to be sorted out.
200 hourly is at 596 levels being bottom of box.
So, I will dell only below that.
For the rise 575 to 610.78 50% retracement 593 levels.
AMEX:SPY already attempted once that level and bounced back to 609 levels.
So, for the rise 594.64 to 609.96 holding 599-600 is important for uptrend to continue.
DMART Confirmed with Bearish Cypher Pattern DMART has confirmed Bearish Cypher pattern formation, It has potential to reach to below targets;
Target1: 3558
Target2: 3300
3300 is a strong support if broken on Day time frame then possible following targets;
Target3: 3180
Target4: 2900
Stop Loss: 3785 on Day close basis
The #1 Altcoin To Trade Right NowAm so exhausted from yesterday
because i was studying the financial markets for
2 hours straight!
Its not an easy journey to understand this stuff
Now look at this crypto pair KUCOIN:TELBTC
I chose this one because its backed by Bitcoin
the challenge am having with
USDT is that most of them
involve margin trading
and I don't think that's a good strategy for
crypto trading
As you can see on this chart there is
a buy limit order not market order
this will help you with risk management
trading and to keep your risk
to a low point
Based on the 200% performance in the past 3 months
this crypto might give approximately
a 50% monthly performance return
of course, am not promising this but its
just an idea that am using
if you want to learn more Rocket boost
this content
Look again at the chart you will see
a strategy called the rocket booster
strategy
This strategy has 3 steps:
The price has to be above the 50 EMA
The price has to be above the 200 EMA
The price has to gap up
What we want to is to buy
at the lowest point on support levels
before the last step happens
This is the key to the last step
Remember to rocket boost this
content to learn more.
Disclaimer: Trading is risky
please learn risk management and profit-taking strategies
before you risk your real money
also use a simulation trading account
before you trade with real money
OMNOM. Bifurcation point. Time to buy for moonshot.If we take $OMNOM time periods - distribution cycle is currently going and probable peak in fall of '25. Price has fallen more than 90% from March '24. Several big wallets have $TRUMP fomo, so there's plenty LP to form a big position without any moving. Do it before it's too late
Chainlink Could Target $30 Once It Breaks Descending Triangle
Chainlink (LINK), the leading decentralized oracle network, has been consolidating within a descending triangle pattern on its price chart. This technical formation often signals a period of indecision among market participants, but it also carries the potential for a significant breakout. If LINK successfully breaks above the descending trendline, it could ignite a powerful rally, potentially propelling the price towards the $30 mark.
Understanding the Descending Triangle
A descending triangle is a bearish chart pattern characterized by a series of lower highs and relatively flat lows. It suggests that selling pressure is gradually increasing, while buying pressure remains relatively weak. However, the flat lows indicate that there is still significant support for the asset.
In the case of Chainlink, the price has been consolidating within this descending triangle for several weeks. This period of consolidation allows market participants to accumulate positions and prepare for a potential breakout.
Factors Fueling a Potential Rally
Several factors could contribute to a bullish breakout and propel Chainlink's price towards $30:
• Growing Adoption: Chainlink's technology continues to gain traction across various sectors, including DeFi, gaming, and enterprise applications. As more projects integrate Chainlink's oracles, the demand for LINK tokens is likely to increase.
• Technological Advancements: Chainlink is constantly evolving and improving its technology, enhancing its security, scalability, and interoperability. These advancements can attract new users and drive further adoption.
• Favorable Market Conditions: A broader bullish trend in the cryptocurrency market could provide a significant tailwind for Chainlink. If Bitcoin and other major cryptocurrencies experience a sustained rally, Chainlink could benefit from increased investor interest and capital inflows.
• Technical Breakout: A successful breakout above the descending trendline would be a strong technical signal, confirming the bullish sentiment and attracting more buyers to the market.
Technical Analysis
Technical analysis provides several clues about the potential for a bullish breakout.
• Volume: A surge in trading volume accompanying a breakout would significantly increase the likelihood of a sustained rally.
• Moving Averages: A move above key moving averages, such as the 50-day and 200-day moving averages, would further strengthen the bullish case.
• Relative Strength Index (RSI): The RSI is a momentum indicator that can help identify overbought or oversold conditions. A breakout accompanied by a rising RSI would suggest strong bullish momentum.
Potential Challenges and Risks
While the outlook for Chainlink appears promising, it is crucial to acknowledge potential challenges and risks:
• Competition: Chainlink faces competition from other decentralized oracle networks and emerging technologies.
• Regulatory Uncertainty: The regulatory landscape for cryptocurrencies remains uncertain, and any negative regulatory developments could impact Chainlink's price.
• Market Volatility: The cryptocurrency market is highly volatile, and sudden price swings can significantly impact Chainlink's price.
Investment Considerations
Investing in cryptocurrencies carries significant risks, including the risk of losing all or part of your investment.
• Conduct thorough research: Understand the technology behind Chainlink, its potential use cases, and the risks involved.
• Diversify your portfolio: Don't invest all your funds in a single cryptocurrency.
• Invest only what you can afford to lose: Avoid investing more than you can afford to lose financially.
• Stay informed: Keep abreast of the latest developments in the Chainlink ecosystem and the cryptocurrency market as a whole.
Conclusion
Chainlink has the potential to play a crucial role in the future of decentralized finance and blockchain technology.
• If it successfully breaks out of the descending triangle pattern and gains traction in the broader market, it could experience significant price appreciation.
• However, investors should carefully consider the risks involved and conduct thorough research before making any investment decisions.
Disclaimer: This article is for informational purposes only and does not1 constitute financial advice.
• Investing in cryptocurrencies2 involves significant risks, and you should carefully consider your investment objectives, financial situation, and risk tolerance before making any investment decisions.
Note: This article provides a general overview of Chainlink and its potential.
• The cryptocurrency market is dynamic and subject to rapid change.
• It is essential to conduct independent research and consult with a qualified financial advisor before making any investment decisions.
Disclaimer: This article is for informational purposes4 only and does not constitute financial advice.
• Investing in cryptocurrencies5 involves significant risks, and you should carefully consider your investment objectives, financial situation, and risk tolerance before making any investment decisions.6
AAPL 1.22.2025 IdeaMy assessment is a fair price on the stock of $230 per share. AAPL now sitting at $222.5, I believe there is a high probability for a 5% up move within a few months.
Entry would be favorable if AAPL =< $220. I would enter direct shares here.
AAPL is of those companies that will be affected by tariffs. However, AAPL has benefitted from expanding its services economy. In other words, AAPL is not reliant on iPhone sales to drive their FCF. This opportunity is one for those looking for a discount on a MAG 7. Just be patient! But be flexible and anticipate further disruptions.
SOLANA Bearish TemporarilySolana CRYPTOCAP:SOL broke trendline on 4h timeframe . Kickstarting a bearish move as seen.
It's diving past 50 EMA, heading for likely 100 EMA.
The price action is projected at $231.x in the short time, if 100 MA don't hold, next possible support price at $213 .
Stay alert!
The 3 Step Rocket Booster Strategy With This Crypto PatternIn this video, i share with you the rocket booster
strategy
As its aligned with another candle stick pattern
-
You will clearly see what the New High
New Low means on this crypto BINANCE:HBARUSD
-
And how candle stick patterns can
help you see them
-
If you read Steve Nisons book on candle stick patterns you
will learn more about candlestick patterns
-
Also, you will see how to identify
reversal patterns
-
Because of all this
watch this video to learn more.
-
Also rocket boost this content to learn more.
-
Disclaimer: Trading is risky you will lose money whether
you like it or not
please learn risk management and
profit-taking strategies.
-
Also feel free to use a simulation
trading account
Bullish NVDA 30m EMA Crossover - 2/21 $127cNice "Buy" signal EMA crossing on the 30m chart there at the end of the day along with a breakthrough of the downward trend line - may see a pump before the open tomorrow and, if she holds, could see an inverse of what I predicted a little while ago where we actually have MM's catch bears in a trap with their puts and sky this thing. Would make sense since a lot of people are saying NVDA will go down further.
Current play is the 2/21 $127c @ $6/contract. Targeting a 100% return to $12. If we get momentum, could see this go to $18 or even back to the high before Monday's gap down to $22. Could put a SL in around $5.