If bonk validates the channel breakout here target = .00003736The previous daily candle closed with he top trendline of the channel as support and now the current candle is seeing a bullish impulse suggesting the tp trendline has been flipped to solidified support and that it could already potentially be validating the breakout. I’ve seen bigger fakeouts than this before so I’m not ready to say the breakout is confirmed jsut yet but so far probability is favoring it. *not financial advice*
Support
ULTI on the Rise: Will It Break Through This Key Resistance?Trend Analysis
1. Current Price Movement: The price is currently trading at 0.06687 USDT.
2. Support and Resistance:
Immediate Resistance: 0.06956 USDT (Highlighted in the red shaded area).
Next Resistance Level: 0.07518 USDT.
Immediate Support: 0.06457 USDT.
Next Support Level: 0.05735 USDT.
Indicators
1. Stochastic RSI:
The Stochastic RSI is in the overbought territory with %K at 98.97 and %D at 90.76. This suggests that the price might face a short-term correction or consolidation.
2. Cumulative Volume Delta (CVD):
The CVD is showing a positive value (35.393M), indicating buying pressure and accumulation at the current price levels.
Price Projections
1. Potential Pullback: The price might pull back to the lower part of the ascending channel or to the next support level at 0.05735 USDT.
2. Bullish Scenario: If the price breaks above the immediate resistance of 0.06956 USDT, it could aim for the next resistance at 0.07518 USDT or even higher towards 0.08054 USDT.
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
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.
Intel - Reversing to the upside!Hello Traders and Investors, today I will take a look at Intel .
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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.
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Keep your long term vision,
Philip (BasicTrading)
Good results for B&MThe market seems to have recieved B&M's results positively. The fall in reported profit was expected.
Technically this week could provide a launching pad for it to break to the upside from its weekly 50 ema.
This is not a recommendation. Trade your own plan and make decisions based on your own research.
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.
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!
AUD-CAD Risky Long From Support! Buy!
Hello,Traders!
AUD-CAD has retested
The local horizontal
Support level of 0.9050
From where we are already
Seeing a bullish rebound
So I think that we will see
A further move up
Buy!
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