SEIUSDT: Strong Support, Ready to Climb!!BINANCE:SEIUSDT has recently bounced back from a major support level, demonstrating resilience in its price action. After a brief retracement from a small resistance, the coin is currently trading at the Fibonacci 0.618 level, a significant point often associated with bullish reversals. Given SEI’s reputation as one of the fastest Layer 1 blockchains, coupled with its robust community support, we anticipate a potential uptrend from this level.
On the fundamental side, SEI has established itself as a leading Layer 1 blockchain, known for its speed and efficiency. The strong community backing further enhances its growth potential. With these fundamentals in mind, we can confidently expect SEI to aim for a new all-time high (ATH) in the near future.
BINANCE:SEIUSDT Currently trading at $0.44
Buy level: Above $0.43
Stop loss: Below $0.355
TP1: $0.51
TP2: $0.58
TP3: $0.75
TP4: $1.13
Max Leverage 3x
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Moving Averages
50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
WIFUSDT long using proprietary multi-timeframe trend detectionFollowing an initial tap of the liquidity at the last significant high back in July, we've seen a retrace back down to our short term trend (13D EMA).
I like the reaction we've seen there today and am taking an early stab at a long with half size here (because not all of my LTF buy signals have triggered as of yet.
First TP level will be the next logical D1 resistance that'll likely cause a bit of a pullback.
Entry: 2.5579
SL: 2.4914
TP: 3.2127
Short term I'd like to see the H4 close back above the short term trend around 2.70 as this would signal a confirmation of reversal.
$USDT Dominance BREAKS OUT of 232 Day Parallel ChannelCRYPTOCAP:USDT Dominance has broken out and Closed below its 232 Day Parallel Channel.
Expecting a test on the 200DMA.
Once that breaks, and we get the Death-Cross, CRYPTO GOES PARABOLIC
I’ll post a full breakdown of the Weekly Close on Sunday.
End of cycle target will be 2.5%
Is Bitcoin's Golden Cross Signaling Parabolic Moves Ahead?Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Investing in cryptocurrencies is highly volatile and speculative, and it is essential to conduct thorough research before making any investment decisions.
Bitcoin (BTC), the pioneering cryptocurrency, has exhibited a remarkable surge in recent days, forming a bullish technical pattern known as a golden cross. This development has fueled optimism among analysts, who are predicting parabolic price movements shortly.
Bitcoin's price has consistently climbed over the past three days, reaching its highest point since July 29th. This robust uptrend has propelled the cryptocurrency to retest the psychologically significant level of $68,000, marking a substantial increase of nearly 40% from its August low.
The Golden Cross: A Bullish Signal
The formation of a golden cross occurs when a short-term moving average (SMA) crosses above a long-term SMA. This technical pattern is widely regarded as a bullish signal, suggesting that the underlying asset is experiencing a reversal from a downtrend to an uptrend.
In Bitcoin's case, the golden cross was formed when the 50-day SMA crossed above the 200-day SMA. This indicates that the cryptocurrency's short-term momentum has turned positive, potentially signaling a sustained uptrend.
Analysts Forecast Parabolic Moves
Encouraged by the golden cross and Bitcoin's recent price performance, analysts are expressing bullish sentiment and predicting parabolic price movements. Parabolic moves refer to rapid and exponential price increases, often characterized by a steep upward curve.
Several factors are contributing to this optimistic outlook:
• Institutional Adoption: The growing interest and adoption of Bitcoin by institutional investors, such as corporations and hedge funds, are seen as a significant catalyst for price appreciation.
• Macroeconomic Factors: The ongoing uncertainty surrounding global economic conditions and inflationary pressures is driving investors towards safe-haven assets like Bitcoin.
• Technical Indicators: In addition to the golden cross, other technical indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), are also signaling bullish momentum.
Breaking Above the Falling Wedge
Bitcoin's price action has also been supported by a breakout above a descending falling wedge pattern on the daily chart. This technical formation suggests that a bullish reversal is underway, further bolstering the case for higher prices.
However, it's important to note that while Bitcoin has reached a new high, it has yet to close a daily candle above the resistance level of the falling wedge. A successful close above this level would confirm the breakout and increase the likelihood of further upward movement.
Conclusion
The formation of a golden cross and the breakout above a falling wedge pattern have ignited bullish sentiment surrounding Bitcoin. Analysts are predicting parabolic price movements as institutional adoption, macroeconomic factors, and technical indicators all point towards a sustained uptrend.
While the cryptocurrency's future remains uncertain, the current technical landscape suggests that Bitcoin is well-positioned for a significant price increase. However, it's crucial to approach investing in cryptocurrencies with caution and be aware of the inherent risks involved.
Halliburton’s Potential DowntrendHalliburton tried to rally in late September and early October. However, some traders may see evidence of a downtrend.
The first pattern on today’s chart is the bearish-flag breakdown early last month. The oil-field service provider hit a 23-month low soon after, contrasting with the upward path of the broader market. That’s a potential sign of negative sentiment.
Second is the $31.38 level where HAL closed immediately before breaking to the downside. Prices tested and failed at that location last week. Has new resistance been confirmed?
Third, the stock has slipped back below its 21-day exponential and 50-day simple moving averages. That may indicate weakness in the short and intermediate terms.
Finally, stochastics are sliding from an overbought condition.
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JUPUSDT long using proprietary multi-timeframe trend detectionI'm executing this on H4 and D1/D3 time frames as this is a swing that should take 3 to 9 days to play out. I am also taking into account H1 short term trend, which has failed to hold on this second retest of the H4 sort term trend, and thus needs to be reclaimed.
Entry: 0.8576
SL: 0.8356
TP: 1.0976
Upon clearing D1 resistance that lies between 0.95-0.99 and taking out the prior two highs, which failed to break out, I'll move the SL to BE and actively monitor the area. Should the rally fail there I may exit manually.
H4 close above 0.87 would be a fantastic show of strength here.
Here is the htf view I've laid out:
$SPY October 16, 2024AMEX:SPY October 16, 2024
AMEX:SPY retraced to 578.5 levels.
Moving averages gaps are reduced.
Downtrend as it is below all moving averages except 200 averages.
For the rise 566.63 to 585.27 38.2 retracement done.
For the last rise from 574.49 to 585.27 61.8% I done.
Hence it is crucial for 4SPY to hold 576-577 levels today being 200 averages in 15 minutes and fib numbers.
So, for the day for the fall 587.27 to 578.54 i will short at 583 levels for targets up to 576-577 levels. SL 584 with bar close near top of bar.
The number 576-577 also happens to be 9-day average in daily. so i expect some more retracement.
Polygon (MATIC / BTC) Trade for the Bitcoin maxi 😎 (RR 1:8)Setup: Strong breakout of the consolidation zone and the 200 Moving Avarage on the daily timeframe. Pullback expected to test previous resistance.
Entry: I expect support at previous resistance and this is where my entry zone is based. Around the 200 MA (daily). Orange box.
Stoploss: Stoploss is below the consolidation zone @ 0.00001680. After making a new local high (above 0.00002890), I move my stoploss just above my entry; making the trade risk free.
Targets: Targets are calculated with the extended Fibonacci with the swing low/high of November. This is a typical sign of strength, especially when you look at the volume/buy pressure building up drawing this pattern.
First target is 1.618 of the extended fib, what happens to be the first real resistance zone after breakout of the local high. I take 50% off the table.
Final target is 4.236 of the extended fib. This target is near the all-time high.
I personally scale out of my position at the 2.618 and 3.618.
PENDLE Daily - Bullish CHART PATTERN PENDLE has formed a W-Bottom Chart Pattern in the Daily timeframe, which could signal more upside is coming.
We're also observing very distinctive higher lows and higher highs; a key sign of a bullish market.
The W-Bottom pattern hasn't quite finished playing out, what we now need to see is a successful retest of support at the "neckline" which is currently at $4. What this means in simpler terms, is that the price cannot CLOSE below this, otherwise the pattern is invalidated.
We're also observing a BUY signal in the weekly timeframe; a strong indication that bulls are in control for the near future:
If the pattern holds, the price is likely heading towards the previous local high of $4.7
_______________________________
BINANCE:PENDLEUSDT
50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
#LTCUSDT #1D (ByBit) Ascending wedge breakdown and retestLitecoin lost 100EMA acting as resistance now and is pulling back towards it, more retracement down seems likely on daily.
⚡️⚡️ #LTC/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (5.0X)
Amount: 5.0%
Current Price:
64.32
Entry Targets:
1) 65.78
Take-Profit Targets:
1) 55.34
Stop Targets:
1) 71.01
Published By: @Zblaba
CRYPTOCAP:LTC BYBIT:LTCUSDT.P #Litecoin #PoW litecoin.org
Risk/Reward= 1:2.0
Expected Profit= +79.4%
Possible Loss= -39.8%
Estimated Gaintime= 1 month
Ethereum Breaks Through $2500 Resistance: Will the Rise Hold?Ethereum, the second-largest cryptocurrency by market capitalization, has achieved a significant milestone by breaking through the $2500 resistance levels. This development has positioned the cryptocurrency for further potential gains.
The Breakout
Ethereum's recent surge has been notable, with the price approaching the $2650 mark. This positive momentum indicates a strong bullish sentiment among investors. The cryptocurrency's consolidation above the 100-hour simple moving average suggests that the upward trend may be gaining traction.
Key Resistance Levels
However, there are still significant resistance levels that Ethereum must overcome to sustain its upward trajectory. The $2640 level represents a crucial hurdle. If Ethereum successfully breaks through this resistance, it could pave the way for a more extended rally.
Potential Targets
Beyond $2640, the next major resistance level lies at $2720. If Ethereum can breach this mark, it could open the door for a more substantial price increase. Consolidation at the $2720 level could lead to further gains, with potential targets at $2800 and $2880.
Factors Influencing Ethereum's Price
Several factors are influencing Ethereum's price and contributing to its recent rally:
• Growing Adoption: The increasing adoption of Ethereum-based applications and smart contracts is driving demand for the cryptocurrency. As more businesses and developers utilize the Ethereum blockchain, the value of the network and its native token, ETH, is likely to appreciate.
• Institutional Interest: Institutional investors are increasingly allocating a portion of their portfolios to cryptocurrencies, including Ethereum. This growing interest from large financial institutions can provide significant price support.
• Technical Indicators: Positive technical indicators, such as the Relative Strength Index (RSI) and moving averages, suggest that Ethereum is in a strong uptrend. These indicators can provide valuable insights into the cryptocurrency's momentum and potential price targets.
• Macroeconomic Factors: Global economic conditions and regulatory developments can also impact Ethereum's price. Favorable macroeconomic factors, such as low interest rates and increased liquidity, can create a favorable environment for risk assets like cryptocurrencies.
Conclusion
Ethereum's recent breakout above the $2500 resistance levels is a significant development. The cryptocurrency's upward momentum and positive technical indicators suggest that further gains may be in store. However, it is essential to remain cautious and consider the potential risks associated with investing in cryptocurrencies.
Investors should carefully evaluate the factors influencing Ethereum's price and conduct thorough research before making any investment decisions. The cryptocurrency market is highly volatile, and past performance is not indicative of future results.
SWING IDEA - MANAKSTEELNSE:MANAKSTEEL 's stock price has been consolidating around the 50 resistance level for approximately two years. Following multiple tests, the stock finally broke out above this level in January 2024 and has since established it as a key support.
The stock subsequently surged to a peak of 107, representing a 114% increase. However, it then experienced a sharp correction, plummeting 50% to revisit the 50 support level. This pivotal point, formerly a resistance, has now become a robust support.
Currently, MANAKSTEEL is exhibiting an upward momentum, poised to retest its swing high at 107. The weekly MACD crossover, occurring after the establishment of support at 50, indicates a bullish trend reversal.
KEY OBSERVATIONS:
- Two-year resistance level of 50 broken in January 2024
- Stock surged 114% to 107 before correcting 50%
- 50 level now serves as robust support
- Weekly MACD crossover indicates bullish momentum
- Upward momentum poised to retest swing high at 107
RECOMMENDATION:
Based on this technical analysis, I would recommend holding MANAKSTEEL for a Long Term horizon. This could potentially yield:
- 50% returns from the current price (as of writing)
- 99% returns from the support point (50)
This analysis highlights a compelling buying opportunity in MANAKSTEEL, driven by its breakout and momentum reversal.
IMPORTANT NOTE: Investors should be aware of an unfilled gap between 60 and 60.25, which remains open. There is a possibility that the stock may revisit this level in the near future before resuming its upward momentum towards the swing high at 107. This potential pullback should be monitored closely, and investors may consider adjusting their strategies accordingly.
DISCLAIMER: This IDEA is for informational/educational purposes only and should not be considered as investment advice. The analysis presented is based on technical indicators and historical data but does not guarantee future performance. Please conduct thorough research based on financial goals and risk tolerance, and consult with a financial advisor before making any investment decisions.
Bitcoin Parabolic Bull Run with the Latest 200-Day MA CrossAfter a brief dip below the $60,000 mark on October 10, Bitcoin (BTC) has regained momentum, inching closer to its all-time high (ATH) of $73,700, reached in March of this year.
This price recovery follows considerable volatility experienced by the largest cryptocurrency on the market throughout the year, with significant price swings, including sharp falls of almost 20% on 5 August and 6 September.
The 200-Day Moving Average (MA)
A key indicator to watch for Bitcoin is the 200-Day Moving Average (MA). This technical analysis tool represents the average closing price of Bitcoin over the past 200 days. When the price of Bitcoin crosses above this long-term moving average, it often signals a bullish trend reversal.
Historical Significance
Interestingly, the last three times Bitcoin's price crossed above the 200-Day MA, it triggered a "parabolic bull run." This refers to a period of rapid and sustained price increases, characterized by a parabolic curve on the price chart.
The first instance occurred in 2016, when Bitcoin's price surged from around $400 to over $20,000 within a year. The second instance took place in 2019, with the price climbing from roughly $3,000 to nearly $14,000 in a similar timeframe. Most recently, in 2021, Bitcoin's price soared from approximately $29,000 to its ATH of $73,700.
Current Outlook
Given the historical significance of the 200-Day MA crossings and the recent price recovery, many analysts are closely watching Bitcoin's price action in anticipation of a potential breakout. If Bitcoin successfully breaks above its ATH, it could signal the start of a new parabolic bull run, potentially leading to even higher price targets.
However, it's important to note that the cryptocurrency market remains highly volatile, and past performance is not indicative of future results. Several factors could impact Bitcoin's price trajectory, including regulatory developments, macroeconomic conditions, and investor sentiment.
Key Considerations
As investors evaluate the potential for a Bitcoin breakout, they should consider the following factors:
• Regulatory Environment: The regulatory landscape for cryptocurrencies varies across different jurisdictions. Favorable regulatory developments can boost investor confidence and drive price appreciation, while unfavorable regulations can create headwinds.
• Macroeconomic Factors: Global economic conditions, such as interest rates, inflation, and geopolitical events, can influence the overall market sentiment and impact the demand for risk assets like Bitcoin.
• Investor Sentiment: The prevailing sentiment among investors towards Bitcoin plays a crucial role in determining its price direction. Positive sentiment can fuel buying pressure, while negative sentiment can lead to selling pressure.
• Technical Analysis: Technical indicators, such as moving averages, relative strength index (RSI), and support and resistance levels, can provide valuable insights into Bitcoin's price trends and potential future movements.
Conclusion
Bitcoin's price action is approaching a critical juncture, with the potential to break above its all-time high. The historical significance of the 200-Day MA crossings and the recent price recovery have fueled speculation about a new parabolic bull run.
However, investors should remain cautious and conduct thorough research before making any investment decisions. The cryptocurrency market is subject to significant volatility, and it's essential to consider the various factors that could impact Bitcoin's price trajectory.
FTMUSD long using proprietary multi-timeframe trend detectionExecuting this on M5 and M15 time frames as I usually do, taking into account H1 short term trend retest taking place right now.
Entry: 0.7508
SL: 0.7320
TP: 0.8420
Upon clearing 0.79 and invalidating the H1 T candle that formed I'll move the SL a little higher than BE. H4 close above that 0.8 would likely take this to target relatively quickly.
H1 close above 0.7561 would be ideal now:
ETHUSD long using proprietary multi-timeframe trend detectionExecuting this on M5 time frame as I usually do, taking into account H1 and H4 with D1 200D EMA as possible next resistance and TP1.
Entry: 2618.11
SL: 2584.80
TP: 2791.51
Upon clearing 2660 I'll move the SL a little higher than BE. H4 close above that area would likely do the trick to cement a continuation higher.
ETHUSDT.P M5 Execution:
$SPY October 15, 2024AMEX:SPY October 15, 2024
15 Minutes.
Being a moving average and Fib trader it is difficult for me to enter when the difference is around 10$ is 200 averages for a 15-minute time frame.
I prefer to sit for a retracement today for 578.5 to 580 levels. For today.
I prefer to sit on side even though i have a target as written earlier 587 levels.
And AMEX:SPY made a high 585.27 yesterday.
As we can see in daily time frame Between July to September SPY formed a good base between 535 to 565.
Hence once 595 is crossed i expect a huge upside towards 640-680 levels.
I expect some consolidation for 575 - 585 before next move so that the moving averages can catch with price.
No time for short unless it is for a 10 to 15$% range in $SPY.
This is my view as of now based on how AMEX:SPY is currently moving in charts.
On daily basis I will review downside only when AMEX:SPY is around 560 levels which is 50-day average in daily chart.
You're underweight $STXCOINBASE:STXUSD looks primed on the charts to revisit ATHs soon. I think this play is somewhat obvious, since this token/ecosystem is tightly coupled with CRYPTOCAP:BTC itself, and we all know CRYPTOCAP:BTC is likely headed to ATHs soon.
The last time COINBASE:STXUSD broke above the Ichimoku Cloud in a significant way, it carried up very healthily-- around 450%. It was also recently listed on a new exchange, and that just means more buy pressure as risk assets like CRYPTOCAP:TOTAL3 are looking like the bottom for alts is clearly in.
What do you think of this trade set up? I don't think a lot of people have considered it yet, as a hold for the impending bull. Could be a great RR
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SOFI LONG: SYMMETRICAL TRAINGLE BREAKOUT! 80% MOVE INBOUND! NASDAQ:SOFI LONG: SYMMETRICAL TRAINGLE BREAKOUT! 80% MOVE INBOUND!
Everything is FINALLY looking on track for NASDAQ:SOFI stock! See analysis below and my Symmetrical Triangle Breakout trade details at the bottom of the post! Not Financial Advice.
STOCHASTIC UPTREND
MACD UPTREND & BREAKOUT OVER ZERO LINE
RSI UPTREND
STOCK PRICE UPTREND
SYMMETRICAL TRIANGLE BREAKOUT
- MEASURED TRIANGLE: 727 BARS
- BREAKOUT MOVE 727 BARS HIGHER
(86.87%) $15.63
- TAKE PROFITS: TOP OF THE TRIANGLE
(39.78%) $11.70
- STOP-LOSS BELOW MA's AND VOLUME SHELF
2.5 RISK TO REWARD (15.89%) $7.04
Bitcoin - Fakeout? MUST WATCH !!A recent surge in the price of BTC is sparking hope for that final impulse wave UP I've been talking about. However, there's a catch - one KEY thing will need to happen in order to convince me this is not just a fakeout, aimed at liquidating shorts.
The previous BTC update was focused on two scenarios, with the GREEN showing a possibility of realizing:
Reclaiming the moving averages in the daily is a good sign - but again, we've been falling under-and-over for the last few weeks, unable to stay above the 200d MA for longer than a few days:
___________________________
BINANCE:BTCUSDT
$UPST - Coiled at the critical juncture
Holding well into the supply and above key level at 38.
Daily range is also quite tight, and for now testing 5EMA on daily.
High short interest makes this a squeeze candidate going into October, with monthly bullish candle.
IF can push off 45, 75 will be first target and volume suggests, higher price is attainable.
Upside targets: 50, 60, 75
Stop loss: 38.0
Disclosure: Long via commons.