Double BottomDouble bottom with Bullish Divergence
Immediate Targets around 43 - 45
Support is around 39 - 39.50
Should not Break 37.50
Support
ETH/USD 1D Chart ReviewHey everyone, let's look at the 1D ETH to USD chart, in this situation we can see how the price has reverted back to the long-standing uptrend, and here we can see a significant decline below the uptrend line.
In the event that the trend reverses and growth begins again, it is worth setting targets for the near future that the price must face:
T1 = 2246 USD
T2 = 2533 USD
Т3 = 2785 USD
Т4 = 3010 USD
Т5 = 3365 USD
However, here we can see how the current decline has been maintained by the support zone from $ 1904 to $ 1686, however, if the zone is broken further, we can see a decline to the level of $ 1338, and then again we can have the price go down to the area of $ 921
The RSI indicator shows a continuing downward trend, and here we can see a decline to the lower part of the range, but there is still room for the price to go lower to the lower limit.
[LONG] STX - STACKS on support and ready for a bounceSTX is another beaten up coin that this year alone lost more than 60% of it's already beaten up marketcap. From the peak on April of 2024 to January of this year STX was already down 50%. Bulls got completely obliterated, but not everything is lost for STACKS: Sitting at $0.75 is now testing (and holding) for second time the previous 2023 resistance, now turned support. A bounce here doesn't immediately mean the end of the fall, but we can catch a good counter-trend move to retest the distribution zone on the $1.44 to $2.00 range
1st Entry: $0.75 (previous resistance, now support)
2nd Entry: $0.65 (most traded zone)
move SL to Break even if price breaks the previous high at $1.00
1st TP: $1.34
2nd TP: around $1.80 or look for signs of weakness in lower timeframes at this area
Will BTC drop to further supports?Hello everyone, I invite you to review the current situation on BTC. When we enter the one-day interval, we can see how the BTC price is moving under the local downtrend line. What's more, we can see here how we broke the uptrend line at the bottom, but we are still above the main uptrend line.
Currently, we can see how the price is based on support at $ 79,339, but if we leave this support at the bottom, we still have strong support at $ 72,294, which is located at the golden FIB point 0.618, under it we can see the main trend line passing and then support at $ 62,217.
Looking the other way, in a situation when the trend reverses, we can expect resistance at $ 85,562, then resistance is visible at $ 90,843, the next significant resistance is at $ 97,888, behind which we already have a very strong resistance zone from $ 103,060 to $ 109,481.
On the MACD indicator, we can observe the continuation of the ongoing downward trend, in which at the moment there is no signal for the price to return. However, it is worth looking at the EMA Cross 50/200 indicator here, which, despite a strong decline, still maintains an upward trend, which may have a positive impact on the price in the coming weeks.
GBPUSD Week 11 Swing Zone/LevelsLast week marked the first losing week of the year.
With a strong upward trend, a price pullback is expected.
By using tight stop losses and effective trade management, we keep losses small while aiming for larger gains. To achieve this, the stop loss is moved to break even once the price gains 20 pips.
a or b? Only price can tell
BTC - Get Ready!🚨 CRYPTOCAP:BTC is dipping hard! 🚨
📉 Get ready for a massive entry at $72,000—here’s why:
It aligns with:
1️⃣ Lower bound of the blue wedge pattern
2️⃣ Previous resistance turned support
3️⃣ Key demand zone
4️⃣ -34% correction phase
📊 This level could be a game-changer! Are you buying?
GOLD UPDATE ROUTE MAPI am currently analyzing the 4-hour timeframe of gold. As we know, there has been strong bearish pressure in the gold market over the past few days. Therefore, my focus will remain on bearish opportunities. On the higher timeframe, gold has broken its bullish trendline, and my selling area will be around this level, as seen on the chart. I will wait for the price to reach my key levels and either show bearish confirmation or any reversal signal so that I can plan my sell entry at my ideal level. Confirmation is very important. Let's see what happens.
Always use stoploss for your trade.
Always use proper money management and proper risk to reward ratio.
This is just my analysis or prediction. Let's analyze more deeply in smaller time frame.
#XAUUSD 4H Technical Analysis Expected Move.
Bullish Divergence on Monthly TF.Bullish Divergence on Monthly TF.
However, a Very Strong Resistance is around
44 - 45.
39.50 - 40 may act as a Daily Support Level but
it resisted twice from 42.
34.50 - 36.50 seems to be a Strong Support which
is also a Confluence area of 2 Important Tools.
Important Support level159 - 163 would be a Very Good Support Level
as this Support is of Monthly TF. So Patient Traders /
Investors may wait for this level; which seems bit
difficult (as of now) due to Bullish Divergence on
Shorter TF.
180 - 185 is an Important Resistance.
TTD at multi month supportTTD has been beat to pieces the past month. However we have just reached a multi month support which could present a short term bounce
BTC/USD 1D Chart ReviewHello everyone, I invite you to review the current situation on BTC. When we enter the one-day interval, we can see how the BTC price is moving in the formed downtrend channel in which we are again approaching its upper limit.
Here you can see how the current rebound has approached the resistance zone from $ 92,851 to $ 95,975, which the price cannot break through, only when we exit it upwards will the path open towards resistance at $ 99,903.
Looking the other way, we can see that in the first place we have a significant support zone from $ 93,477 to $ 79,907, which currently manages to keep the price from larger declines. However, when the zone is broken, we can see the price going down to the level of $ 75,354.
On the MACD indicator we can observe a fight to return to the upward trend in which we have a lot of room for price increases, while on the RSI indicator we are approaching the middle of the range which still gives room for growth, however, at this level we could previously see a reaction, which is something to watch out for.
Bitcoin - 200 EMA is holding Strong#BTC #Analysis
Description
---------------------------------------------------------------
+ Bitcoin has successfully tested the 200 EMA line and rebounded effectively.
+ However, caution is still advised, as the price may revisit the EMA support line.
+ The strong performance of the EMA is a positive indicator, suggesting the bullish trend could persist after a few retests.
---------------------------------------------------------------
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
CRUDE is looking weak. Price connection is expected#CRUDE #Analysis
Description
---------------------------------------------------------------
+ Crude has formed a nice descending triangle pattern and price has broken down the support line which formed over the years.
+ A clear breakdown from this support would push down the prices further.
+ Next target is 50-40$ range.
---------------------------------------------------------------
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
Jio Financial Services Ltd- The chart is self-explanatory as always.
- JIOFIN is reaching its ATL.
- The stock is down 40% since it started its downward trajectory.
- JIOFIN is to be added to Nifty50 by March end
-The company reported a slight 0.32% increase in consolidated net profit for Q3 FY25, with earnings of Rs 294.78 crore compared to Rs 293.82 crore in the same period last year. Revenue from operations rose by 5.98% to Rs 438.35 crore for the quarter ending December 2024.
Disclaimer: This analysis is purely for educational purposes and does not constitute trading advice. I am not a SEBI-registered advisor, and trading involves significant risk. Please consult with a financial advisor before making any investment decisions.
SWING IDEA - SAILSAIL Stock Technical Analysis
Steel Authority of India Limited ( NSE:SAIL ) has been consolidating around the 95 resistance level for over a year. After multiple attempts, the stock finally broke out above this level in January 2024, turning it into a strong support zone.
Following the breakout, SAIL surged to a peak of 175, marking an 85% gain. However, the stock then saw a sharp retracement, correcting by nearly 47% and revisiting the rising trendline support around the 100-105 range. This level, which previously acted as resistance, has now become a critical demand zone.
Currently, SAIL is showing signs of renewed bullish momentum, bouncing off its trendline support and forming a potential reversal. The weekly MACD crossover, observed in the chart, further reinforces a trend reversal signal. Additionally, a short-term upside target of 12% is indicated, while a long-term potential target of 76% upside is visible in the chart, aligning with the previous swing high.
The chart also highlights three take-profit targets:
Target 1: The first profit-taking zone, offering an initial opportunity to secure gains.
Target 2: A mid-level profit-taking zone, aligning with previous consolidation areas.
Target 3: The final take-profit level around 175, marking the prior high and a potential full exit point for long-term investors.
KEY OBSERVATIONS:
One-year resistance of 95 was decisively broken in January 2024
Stock surged 85% to a high of 175 before correcting 47%
100-105 level now acts as a strong rising trendline support
Weekly MACD crossover signals a bullish momentum shift
Three take-profit targets identified, with the final target at 175
Potential upside target of 76% from support levels, aligning with previous highs
RECOMMENDATION:
Based on this technical analysis, holding SAIL for the long term could be a strong strategy. The potential returns include:
12% upside in the short term
76% upside from current levels, targeting previous highs around 175
This analysis presents a compelling buying opportunity in SAIL, fueled by its breakout, support validation, and momentum reversal.
IMPORTANT NOTE:
Investors should be aware that there is a chance the stock may retest the 100-105 support level before resuming its upward trajectory. This potential pullback should be carefully monitored, and investment strategies should be adjusted accordingly.
DISCLAIMER: This analysis is for educational and informational purposes only and should not be considered as financial advice. Technical indicators and historical data are not guarantees of future performance. Investors should conduct thorough research, assess risk tolerance, and consult a financial advisor before making any investment decisions.
GBPUSD Week 10 Swing Zone/LevelsWeek by week pinched pips keeps increasing.
As highlighted last week, Weekly zone and levels are mapped based on previous week daily high-low relationship (ie Monday HL in relation to Tuesday in relation to Wednesday HL, etc).
Using the 5min candle for entry keeps the SL small btw 10-15 pips and TP ideally to the next level. Some swing levels are only marked after price interacts pre-calculated levels.
Two possible road maps for the week, a or b?
As always price action determines trades.
Morning Star formation on Daily TF but..Morning Star formation on Daily TF.
Monthly Closing above 29 would be a Positive Sign.
However, 28 - 29 can be a Good Support Zone.
28.50 should not be broken, otherwise further
Selling Pressure can be witnessed.
On the flip side, 32 - 32.50 is an Important Resistance.
However, only Morning Star formation is not enough, because
it is currently at Strong Resistance around 32 - 32.5, so
let it sustain this level.
Sustaining this level may give 2-4 riyals gain.
NMR with potential for growthHello everyone, let's look at the NMR chart in hand at USDT, taking into account the 1W interval.
As we can see, the prices are moving under the designated inheritance trend line, and what is more, you can see here when we entered a strong support zone from $ 11 to $ 7, which can potentially be a good shopping zone for Long position.
In a situation where BTC stabilizes at the current price or the valuation increases again, we can see an interesting increase on NMR.
It is worth considering several output levels like T1 = 12.36 $
T2 = 14.98 $
T3 = 19.59 $
T4 = 22.77 $
T5 = $ 26.74
Looking at the RSI indicator, you can see the traffic below the lower limit, which may also indicate a potentially upcoming growth movement.
GOLD 2H OUTLOOK FOR TODAYThe expected move in the price of gold can be analyzed on a 2-hour time frame. As we know, the overall trend of gold remains bullish. However, recently, gold has broken it's trendline support and has also confirmed a Market Structure Shift (MSS). Therefore, today, I will be looking at the market from a sell-side perspective. I will wait for the price to reach my given key levels and form some bearish or reversal patterns, so I can get an ideal entry point. Confirmation is crucial in this process. Let's dive deeper into these levels and potential outcomes.
Always use stoploss for your trade.
Always use proper money management and proper R:R ratio.
This is my analysis for today.
#XAUUSD 2H Technical Analysis Expected Move.
$SOL Epic 18% Rally to End the Month!What an epic day for CRYPTOCAP:SOL today with an 18% rally!
Closed the month outside of that accumulation zone I mentioned in previous TA, which is very promising.
Looking for SOL to build a cluster this next week outside that range, and then make another leg up into the green zone to reclaim the EMA9.
Take it level by level 👍
Cardano - The Historic Rally Of +700%!Cardano ( CRYPTO:ADAUSD ) perfectly repeats the previous cycle:
Click chart above to see the detailed analysis👆🏻
Cardano perfectly retested a major horizontal support in the beginning of 2023. Recently we then saw the break above the neckline of the double bottom formation and a rally of about +400%. Cardano is clearly repeating the cycle of 2021 and a potential rally of another +700%.
Levels to watch: $0.7, $6.0
Keep your long term vision,
Philip (BasicTrading)
SPY - support & resistant areas for today Feb 28, 2025Here are the key support and resistance levels for SPY today, indicating potential reversal or consolidation points. A bounce off these levels may signal long (buy) or short (sell) positions.
These levels are calculated using mathematical models relevant for today's trading session. They may change in the future.
If you find this helpful and want daily insights at 9:30 AM, please boost this post and follow me. Your engagement supports continued updates. Thank you!
QQQ - support & resistant areas for today Feb 28, 2025The following key support and resistance levels for QQQ have been established for today. These levels are critical as they denote areas where price movements may experience reversal or consolidation. A rebound from these support or resistance zones can indicate potential long (buy) or short (sell) positions for traders.
The determination of these levels has been conducted through the application of mathematical models and forecasting techniques, ensuring their relevance for today's trading session. It is important to note that these levels are applicable solely for today and may be subject to change in subsequent trading sessions.
Should you find this information valuable and wish to receive similar insights each morning at 9:30 AM, I kindly request your support by boosting this post and following my updates. Your engagement is instrumental in helping m
