Get started

Support

Support lines in $NVDAMy view of NASDAQ:NVDA support lines. When looking at the support lines in NASDAQ:NVDA , I think of them in three tiers of defence: The first line of defence: If the market holds this line, it's likely just a minor correction in the overall trend. In this case, it's recommended to buy the dip. The second line of defence: If the market holds this line, it may take a bit longer for the correction to occur, but it's still considered a minor correction. Again, buying the dip is recommended. The third line of defence: This is the last line of support. If the market breaks this line, it's a sign that the trend is changing. For those who follow Elliott wave theory, this would mean that a 5 waves impulse up is done. For other technical analysts, stage 3 has begun. If you want to know more about my strategy, follow me. Legal Disclaimer: The information presented in this analysis is solely for informational and educational purposes only and does not serve as financial advice.
NASDAQ:NVDA
by WavesInvesting
BTC/USDT 1H Targets and Stop-lossHello everyone, let's look at the 1H BTC to USDT chart, as we can see, the price remains on the local upward trend line, breaking it may result in a greater recovery. Let's start by setting goals for the near future, which include: T1 = $73,206 AND T2 = $76955 Now let's move on to the stop-loss in case the market continues to decline: SL1 = $71,350 SL2 = $70,435 SL3 = $69,812 AND SL4 = $68993 Looking at the RSI indicator, we see that we have approached the trend line again and there is plenty of room for a rebound. However, the STOCH indicator also indicates a transition into recovery with room for a larger correction.
by cryptodailyuk
BNB/USDT 4HInterval Support and ResistanceHello everyone, let's look at the 4H BNB to USDT chart as we can see that the price has broken out of the local uptrend line. Let's start by setting goals for the near future that we can include: T1 = $575 T2 = $618 T3 = $649 AND T4 = $689 Now let's move on to the stop-loss in case of further market declines: SL1 = $512 SL2 = $484 - $469 AND SL3 = $425 Looking at the RSI indicator, we can see that we have again approached the downward trend line and there is still a lot of room for recovery, while the STOCH indicator, despite the current rebound, also has a lot of room for recovery.
by cryptodailyuk
Decred: Bullish Breakout Imminent?Considering the prevailing bullish sentiment in the market and the pattern observed on other cryptocurrencies throughout the crypto sphere that have broken out of a prolonged accumulation phase, it can be expected that DCR will eventually follow the general trend and repeat the pattern that we have already seen on many other coins. Decred has been facing resistance at the $18.3 level since May 2023, but recent price action on the 1-hour and 4-hour timeframes indicates a breakout and retest above this level. The next significant level to watch is $21.4, which has historically been a key support/resistance level for Decred. While there are signs of weakness on the 1-hour timeframe, such as candles with long shadows that could provoke short positions, there is still no confirmation of a breakdown in the upward structure. The 1-week candle seems strong, and the overall asset shows significant buying volume. This indicates that Decred may be able to consolidate above $21.4 and keep moving upwards successfully. A breakout and consolidation above $21.4 could lead to increased volatility and larger price swings on higher timeframes, with potential profit-taking zones and resistance levels at $50, $67, and $85. Additionally, the February 2023 high of $28.52 may also present a next strong resistance level in the short-term future.
Long
by Deviantor_Wayne
12
MINAUSDT Faces Resistance Hurdle: Breakout or Bearish DivergenceMINAUSDT is encountering a critical resistance level of $1.5484 on the weekly chart. This is the third attempt to break through this level in the daily timeframe. Technical Analysis: Resistance: $1.5484 (Weekly) Support: $1.0113 (Weekly) Relative Strength Index (RSI): Supported at 50, Bearish Divergence Key Observations: MINAUSDT is facing a significant hurdle at a key weekly resistance level. A breakout above this level could signal further upward momentum. The repeated attempts to break resistance on the daily chart suggest persistent buying pressure. The RSI is currently at a neutral level (around 50), but there is a potential bearish divergence. This means that the price is making higher highs, but the RSI is not confirming this move by making higher highs itself. This could indicate weakening momentum despite the buying pressure. If the price cannot overcome resistance, it could find support at $1.0113 on the weekly chart, potentially establishing a trading range between these two levels. A successful breakout above resistance could lead to further gains towards the next daily resistance level at $2.0344. Conclusion: The upcoming price action for MINAUSDT will be crucial. Overcoming the weekly resistance with strong confirmation from the RSI is key for a sustained uptrend. However, the bearish divergence on the RSI suggests a potential for a pullback if the price fails to break through. This information is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
Short
by behnoudt
BTC/USDT 1H Targets and Stop-lossHello everyone, let's look at the 1H BTC to USDT chart as we can see that the price is moving below the local downtrend line. Let's start by setting goals for the near future that we can include: T1 = $69,694 T2 = $69,974 AND T3 = $70,333 Now let's move on to the stop-loss in case of further market declines: SL1 = $69,278 SL2 = $69,014 AND SL3 = $68,554 Looking at the RSI indicator and the STOCH indicator, it is clear that there is still room for a continuation of the recovery.
by cryptodailyuk
1
FTNT: Dark Pool Buy Zone SupportNASDAQ:FTNT is a good example of a stock that had a big gap down that immediately filled due to falling below its fundamental level and a Dark Pool Buy Zone. This and the sideways trading range developing on the long-term trend creates strong support for weathering any sympathy moves from other cybersecurity stocks that have been over-speculated. Sideways action is likely to continue for a time, but AI-driven cybersecurity will only become more important in the years ahead and this stock is still at a decent price.
NASDAQ:FTNTLong
by MarthaStokesCMT-TechniTrader
TSLA - There is a clear story to this chart. Here's what we needAlways tell a HTF story of the charts before getting bogged down in LTF chaos. These HTF algorithms control price. Clear what we need to look out for on this TSLA chart - Yellow strong algorithm needs to activate to take us out of magenta and teal strong selling. Fortunately for me, you can't laugh at this. These are the same algorithms proving themselves over and over again for years. Do this same thing on the hourly chart for more detail and you will be able to work yourself into many profitable positions and understand how price is reacting to and from these HTF algorithms. Cheers to more knowledge, more profits, and to building a strong community in which we can all find consistency in our own styles of trading. Happy Trading :)
NASDAQ:TSLA
by ReigningTrades
1
BTC - Tell me what is next ? Breakout OR Rejection ? #BTC/USDT #Analysis Description --------------------------------------------------------------- + As depicted in the chart, BTC is currently at a crucial juncture, trading near the all-time high (ATH) range on the monthly chart. + This pivotal moment will determine Bitcoin's trajectory, as a breakout could propel it to new ATH levels, aligning with expectations and historical Bitcoin halving cycles. + In the event of a rejection, the next support level is anticipated around the 47K range. However, the possibility of a breach below this support, leading to a target of 30K, seems less likely. + Personally, I maintain an optimistic outlook on a price breakout. I anticipate Bitcoin to consolidate near the ATH range, paving the way for a smooth ascent once the ATH barrier is breached. --------------------------------------------------------------- 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
2
🐕 DOGE: Meme Coin Momentum! 🚀📈 📊 Analysis: Meme Coin Movement: DOGE has experienced movement, but there might be potential for increased momentum. Current Position: DOGE is currently at support, providing a potential long trade opportunity. Entry Strategy: Consider laddering into a spot trade within the $0.145 - $0.16 support area. Profit Targets: Potential profits at $0.18 - $0.205 or $0.30 - $0.34. Stop Loss: Set just below $0.1373 for risk management. 🌐 Note: Monitor DOGE's price action closely for confirmation and adjust your strategy accordingly.
Long
by Richtv_official