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Taiwan Semiconductor - Unknown stock with trading potentialNYSE:TSM is one of the rather unknown stocks with an impressive market capitalization of 680 billion dollars. Just a couple of months ago TSM finally broke above a major previous resistance level and confirmed the bullish triangle breakout. Momentum is quite strong so far so maybe we will never see the previous structure again. In this case there is no need to actually chase the all time high. However, a pullback might still be quite likely and this might present an interesting long opportunity in the future. Levels to watch: $130, $100 Keep your long term vision, Philip - BasicTrading
NYSE:TSMLong
by basictradingtv
6
BTC/USDT 4HInterval Chart Hello everyone, I invite you to a quick review of the BTC chart. As we can see on the chart, we are locally moving against very strong resistance. After unfolding the fib retracement mesh, we can see support at the level of $69,701, the second support is at the level of $68,415, and then we have a very strong support at the level of $66,305. Looking the other way, you can similarly identify resistance points. And here we will start by identifying a very strong resistance zone in which the price is currently moving from $70,781 to $72,001, only when we manage to break out, we will be able to see a move towards $75,450.
by cryptodailyuk
Intel - Reversing to the upside!Hello Traders and Investors, today I will take a look at Intel . -------- Explanation of my video analysis: On the chart of Intel there are actually two major horizontal structure levels which you have to keep an eye on. First of all there is quite strong support at the $26 level and just a couple of months ago Intel rejected this support towards the upside. Vice versa there is resistance at the $44 level, always pushing price lower. As we are speaking Intel is also retesting a minor support so there is the chance to capitalize on a short term bounce. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:INTCLong
by basictradingtv
1
DOT/USDTHello everyone, welcome to a quick review of the DOT chart. As we can see on the chart, we are locally moving along a downward trend line. After unfolding the fib retracement grid, you can see the price staying above the strong support level at $7.04, then the support level at $6.73, and then the strong support level at $6.44. Looking the other way, you can similarly identify resistance points. And here we can see the resistance at the level of $7.17, the next important place is $7.40, after which we will be able to see an upward movement towards the resistance at the price of $7.77.
by cryptodailyuk
WLD/USDT ABOUT TO BREAKOUT! Ready For A Big Pump!!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis. WLD looks good here. Forming an ascending triangle like structure and currently, trading inside. Accumulate in the green zone. Once it breaks out it will pump big. Entry zone:- CMP and add more up to $4.2 Targets:- $5.36/$6.44/$9.24/$12.2 SL:- Daily close below $4 Let's Discuss! What are your thoughts on WLD's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
W is about to moon :#W #Analysis Description --------------------------------------------------------------- + The price is showing a strong rebound from a major support level. + Recently, it successfully broke through the resistance line, indicating a potential upward trend. + Based on this momentum, I anticipate that the trend will hold steady and reach our projected targets. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.648 Stop Loss: 0.498 ------------------------------ Target 1: 0.752 Target 2: 0.873 Target 3: 1.023 Target 4: 1.257 ------------------------------ Timeframe: 12H Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
BNB/USDT 4HInterval Chart ReviewHello everyone, let's take a look at the 4H BNB to USDT chart as we can see that we are getting close to trying to break out of the triangle. Let's start by setting goals for the near future that we can include: T1 = $600 T2 = $608.50 T3 = $614.50 T4 = $621 AND T5 = $643.50 Now let's move on to the stop-loss in case of further market declines: SL1 = $595 SL2 = $583 SL3 = $573.50 AND SL4 = $563 When we look at the EMA Cross 50 and 200 indicator, we will see the yellow ema cross 50 line staying above the blue ema cross 200 line, which confirms that the uptrend is continuing.
by cryptodailyuk
BTC/USDT 1HInterval Chart ReviewHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price is moving in the lower part of the channel marked with white lines. Let's start by determining support and here, first of all, you can see a strong support zone from $67,238 to $66,289, while further support is visible at a level close to $65,000. Now let's move on to determining the resistance points. And here we see resistance at the level of $68,240, then we have a second resistance at $69,299, and then the resistance zone from $70,041 to $70,959 is important, only when the price positively tests it will we be able to see new increases. Looking at the EMA Cross 50 and 200 indicator, they indicate the continuation of the local downward trend. The RSI indicator, which remains near the middle of the range, has room for movement in both directions, while the STOCH indicator remains in the upper part, which may again translate into a recovery movement.
by cryptodailyuk
ETH fighting against strong resistanceHello everyone, let's take a look at the ETH to USDT chart on a one-day time frame. As you can see, the price is currently bouncing off the downtrend line. Let's start by determining the support line and as you can see, the first support in the near future is $3,530, then you can see support at $3,250, and then we have a strong support zone from $3,046 to $2,796 Now let's move on to determining the resistance points. And here we must start by identifying a very strong resistance zone from $3,821 to $4,110, only when we manage to break out and positively test this zone, we can see a move towards the resistance at $4,917. Looking at the EMA Cross 50 and 200 indicator, they still indicate that the strong upward trend is maintained. There is still room for growth on the RSI indicator, while the STOCH indicator shows a move towards the upper limit, so you should be careful and take into account a possible recovery.
by cryptodailyuk
BTCUSDT: QUICK UPDATE!!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis. BTCUSDT is forming a symmetrical triangle pattern on the 4-hour timeframe. A breakout from this pattern could signal a move in either direction. Possible Scenarios: Upward Breakout: A 4-hour close above the resistance level of the triangle could indicate bullish momentum. Downward Breakout: A 4-hour close below the support level of the triangle could indicate bearish pressure. What to Watch For: Confirmation of Breakout: A 4-hour close above or below the triangle's boundaries strengthens the case in that direction. Volume: Higher trading volume on the breakout can increase confidence in the signal. Current Market Conditions: This period of consolidation could be an opportunity to accumulate altcoins What are your thoughts on BTC's current price action? What are you watching in the altcoin market? Share your analysis in the comments below!
Long
by CoreCrypto1
Filecoin (FILUSD): Preparing for a Gap Fill - Levels to WatchFor Filecoin (FILUSD), we are currently looking at a scenario where there is a Weekly Fair Value Gap above us. We are quite confident that this gap will be filled; the only question is when. We believe there is a potential good entry point at the current levels. Below us, we have several supports. The first support is a 12-hour demand zone. Additionally, we have an Order Block Cluster and a simple support zone. These levels, combined with a favorable volume profile, should provide enough momentum and support for an upward move. Our primary target is the Weekly Fair Value Gap close. Once this target is reached, we will reassess the situation to determine whether the price will continue upwards or face a sell-off. This reaction will guide our next positioning. For now, our strategy is to aim for the gap close and position ourselves accordingly. Additionally, when we examine the Liquidation Heatmap for Filecoin, we notice several liquidations above our current level, specifically between $6.35 and $6.65, just above the recent high. This indicates two possible scenarios: Liquidations Triggered and Pullback: We might move up to trigger these liquidations, then experience a deeper pullback. Liquidations Triggered and Continuation Upwards: Alternatively, we might fill our current support levels and then move upwards towards these liquidations. If these liquidations are absorbed, we could either shoot through and continue upwards, or we might pull back after triggering them, leading to a potential continuation to the downside. It's important to be aware of these scenarios. Given that there are few liquidations below the current level, we do not expect significant downward wicks or deep pullbacks. Looking at Filecoin on the VWAP chart, we observe a sideways movement where the price repeatedly moves up and down but always returns between the 2024 Q1 VAL and the 2023 Q4 VAH. These two levels appear to be holding as our current range. We expect a small pullback, supported by the 2024 Q2 VAL and the 2023 Q4 VAH. These should act as our support zones on the VWAP chart. On the upside, our target is the 2024 Q1 VWAP at $7.70. Above this level, we anticipate resistance around $9.32. This analysis suggests a short-term strategy of buying at the support levels and targeting the identified resistance points.
Long
by freeguy_by_wmc
Platinum Approaching Key SupportVersus the US dollar, Platinum is inching closer to a notable area of support after refreshing year-to-date highs of $1,095 last week. Having seen price action pencil in a clear uptrend since February this year, a test of support between $987 and $1,002 could have dip-buyers make a show. The support area consists of two horizontal support levels around $990, one of which represents a failed Quasimodo resistance (turned possible support), a descending support line, extended from the high of $1,013, a 38.2% Fibonacci retracement ratio and a 50.0% retracement ratio at $997 as well as a 100% projection ratio coming in from $987.
TVC:PLATINUMLong
by FPMarkets
Alibaba - Don't forget chinese stocks!Hello Traders and Investors, today I will take a look at Alibaba. -------- Explanation of my video analysis: Back in 2020 Alibaba stock created a textbook breakout of an ascending triangle formation which was followed by more continuation towards the upside. Then Alibaba stock topped out in 2021 and we saw a massive decline of -80% from the previous highs. At the moment Alibaba is still in a very bearish market but there is a chance that we will see a reversal in the near future. -------- Keep your long term vision, Philip (BasicTrading)
NYSE:BABALong
by basictradingtv
18
Tesla - Triangle and -33% drop!Hello Traders and Investors, today I will take a look at Tesla . -------- Explanation of my video analysis: With Tesla stock breaking above previous resistance in 2019 and coming back to retest it in 2020, this stock then took off and created one of the most insane rallies which I have ever seen. At the moment though, Tesla is consolidating in a descending triangle formation and there is a high chance that Tesla will again come back to retest the lower support at $110 for a third time. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:TSLAShort
by basictradingtv
8