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Support and Resistance

TSLA update daily (bearish)As the BBWP heats up, I bet we print a red 95% sell signal soon. TSLA has produced two gaps in a row on the daily. I expect at least the most recent one to fill which I highlighted in the rectangle. No fundamentals have changed, this is pure and cult like hype. TSLA is probably my most profitable stock in my Hood account YTD, where I trade purely TSLL for exposure. My plan: I already took my TSLL profits for the most part, I have one lot of 100 shares left with a covered call which I will allow to be assigned. I am eyeing a drawdown here to 255$, I will give TSLA the hype premium and say my target on a daily closure is 265$. I will sell more puts and buy more shares around this price.
NASDAQ:TSLAShort
by Apollo_21mil
5
Next Upisde move of the market belongs to TSLA !TSLA can make many investor rich once more ! TSLA has more than likely completed it's major correction at 1 01.8 USD on 6th Jan 2023 similar to many other giant stocks . This scenario matches with my best case scenario for PSX published before which proposed the previous bear market as just correction of the bull run after pandemic low. TSLA's major correction has been labeled as primary degree wave 2 on the chart which was terminated at 0.74 Retracement of the whole major up going wave from IPO to ATH . Mentioned large upside move has the label of primary degree wave 1 on the chart. This means that TSLA has started its major up going primary degree wave 3 which at least can push up the stock's price to 770 USD and even much more in long term. AS shown on the chart , Stock price is reaching to a strong resistance zone at 300-315 which is confluence of two strong static resistances and major down trend line. This strong zone may make an another great buy opportunity to traders and investor if it can push the price back down to 180-217 buy area. Please note many giant stocks made a new ATH while TSLA is far from the top. This suggests that next upside move of the market belongs to TSLA . If true, current ATH will be like a baby comparing to the future giant one. Wish you huge profits and Good Luck.
NASDAQ:TSLA
by SaeedSajedi
17
ABAT poised for massive breakoutAmerican Battery Technology Company is primarily a Li-ion battery recycling company with goals to be a major U.S. provider of battery black mass and battery metals and compounds. They have been awarded many millions in federal funds and are growing rapidly. The company announced in September to increase available shares from ~80M to 250M, however no immediate share sales are anticipated. This stock rose to great heights amid the COVID stock market mania, and has since fallen quite far, particularly after September of 2023, when the stock had a 1/15 reverse split to meet requirements for listing on the NASDAQ. The stock has been trading at ~$1 (the minimum requirement for NASDAQ listing) for approximately 3 months. This has built an exceptional level of resistance, above the pre-COVID mania stock price. Shown here in the upper chart in red, white, and green lines are various moving averages on the 3-day chart. Lines will change colors from red to white, white to green, and vice versa, as the moving average increases or decreases and flips a neighboring moving average line. As you can see, following prolonged expansion of the total moving averages, large reversals tend to occur (effectively a reversion to the mean). The RSI chart shows a bottoming out and slight reversal, flashing bullish strength. The bottom chart shows the same moving averages on the 1-day chart. You can see how the moving averages are converging (contracting), and this often signals a coming move. Following a Sept. 20 announcement of new federal grants, a blowoff stock sale occurred which was quickly absorbed by buyers. The volume of that event over 3 days was >100% greater than any other 3-day period in the stock history. I believe ABAT is poised for a massive breakout and, at minimum, a 100-200% run in the very near future. Evidence: Moving averages on high time frames have show over-expansion for a prolong period of time Moving averages on low time frames show local contraction over recent weeks, a sign of a breakout move Both RSI and CDV are bottoming out and flashing reversals on high time frames The unprecedented selloff and failure to break below the ~$1 buy wall from Sept 20-25 indicates to me that a positive price reversal is the most favorable move I don't know what will be the catalyst. The company, for all its strengths, is a bit quiet.
NASDAQ:ABATLong
by nothximgood
Super update, adding Adding to my SUPER bags here as I consolidate some losers into winners. I am taking some AVAX, SEI and ROSE into Super today as it consolidates between these two fibs. Tokens that are lower lowers on the monthly vs. BTC likely will not move much compared to trending tokens. Super is my largest gaming bet, and now after these additions my largest altcoin holding. Although this stochastic is cooling off, I expect the token to remain in this range based on the wicks I have seen the prior several weeks. There is a very strong resistance at 1.45. My 2.3 EOY target remains, we could see a much stronger move though if my thesis on SUPER being the gaming leader plays out. I am trying out a new indicator courtesy of Krown and Caretaker, BBWP.
Long
by Apollo_21mil
4
52 Week High Breakout - Positional Trade - Long TermDisclaimer: 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. 52 Week Breakout. Stock has Crossed 52 week High. Keep in watch list. Buy above the high. Suitable for Positional Trade. Stop loss & Target Shown on Chart. Stop loss Trail by 30 SMA. Exit if Price Close below 30 SMA on Weekly Chart. Be Discipline because discipline is the Key to Success in the STOCK Market. Trade What you see not what you Think .
NSE:INDHOTEL
by AnsariTV
PEPEUSDT Pennant Breakout: Ready for Lift-Off? BINANCE:PEPEUSDT has just broken out of a bullish pennant formation, hinting at a potential strong upmove. Recently, it formed an inverse head and shoulders pattern that led to impressive gains, and now, with this breakout, we could see a similar rally. This setup mirrors BINANCE:DOGEUSDT ’s previous path, suggesting a possible bullish follow-through. As always, trade with caution. Set your stop loss to manage risk and make the most of this opportunity safely. Trade smart, and let’s see where BINANCE:PEPEUSDT takes us! OKX:PEPEUSDT.P trading at $0.000011 Buy level: Above $0.00001 Stop loss: Below $0.0000077 TP1: $0.000013 TP2: $0.000017 TP3: $0.000025 TP4: $0.00005 Max Leverage 2x Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
3
ZetaChain could face major market sentiments.Hello, fellow traders! This is my analysis on ZetaChain (ZETAUSDT). 1️⃣ Analysis Price has been in a downtrend since February to August. In August, we see an attempt of a breakout with significant volume spike. The breakout seemed like a failure until the second breakout took place at the end of the month which then converted the resistance line (red trendline) into a support line of a new trend. We now see an ascending triangle pattern which the price is reacting to in high accuracy. 2️⃣ Expectations The price might move sideways longer but breakout is expected in near future for either direction. Upper breakout could indicate start of a strong uptrend. However, major resistance at 1.1406 (red dotted line) is expected. Lower breakout could indicate a stronger downtrend. Although major support at 0.3348 (green line) is expected, failure of an attempted reversal might trigger more aggressive downtrend resulting in a new ATL below the green line. 3️⃣ Key approach Our first strategy is to enter short in lower breakout. Our target would be 0.3348, major support level. Price may rebound upon touching the level. This could open up new long opportunities, however keep in mind that downtrend might continue below the level. Failed reversal might enhance the aggressiveness of the original trend. 4️⃣ Other approach Our second strategy is to enter long in upper breakout. Our initial target would be 1.1406, major resistance level. Our next and final target would be 1.7, right below the demand zone. However, I find this approach risky and would prefer the first one. 5️⃣ Considerations There is an announcement that ZetaChain is unlocking 54 million tokens on December 1st. This could possibly trigger the breakout. 💡 ZetaChain is a good example that volume spike doesn't always guarantee a reversal of trend. This is a valuable lesson to learn: I hate to mention BINANCE:BICOUSDT.P so many times, but we see a similar pattern in Biconomy - breakout with volume spike after months of downtrend and resistance line being respected. Of course, we cannot say ZetaChain is foreshadowing Biconomy because they are totally different cryptos. But at least it gives us a glimpse of what to expect. React, don't predict! Stay disciplined and patient. Don't get greedy and be thankful. Colossians 3:12
by QJEEE
Euro can decline to support level and then continue to move upHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price some time ago rebounded from the resistance line of the wedge and fell to the support line, which coincided with the resistance level and started to grow. In a short time, EUR rose to the resistance line and then started to decline, thereby exiting from the wedge. Price continued to decline inside the downward channel, where it broke the 1.1000 level, which coincided with the seller zone and reached the support line, but at once rebounded and made a retest. Then it continued to fall and later reached the 1.0760 support level, which coincided with the buyer zone, after which turned around and bounced to the resistance line. Euro exited from the channel and continued to grow near the resistance line. When the price reached 1.0825 points, it made a downward impulse, thereby breaking the 1.0760 level, but a not long time ago it turned around and rose back. At the moment, the Euro trades near the support level, and in my mind, the price can correct to the support level and then continue to move up. Therefore I set my TP at 1.0900 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
13
Bitcoin Approaching Key Resistance—Watch for Breakout / PullbackSince the last analysis, Bitcoin has respected the Crucial Support Zones and is now approaching a pivotal point at the Descending Resistance trendline. We’ve seen a bounce off the support zones, particularly the 1W BISI, which has held firm, and the next move will be decisive as BTC approaches the U.S. Election timeline in early November. Key Developments: Bitcoin is approaching the Descending Resistance, with a potential breakout signaling a move towards 76K and beyond. The 1W BISI (one-week bullish imbalance support) has acted as a strong foundation for this current price action, making the upcoming resistance test a crucial moment. The RSI is sitting comfortably above 55, showing momentum building up in favor of the bulls. Strategy Update: Swing Traders: Look for confirmation of the breakout above the descending resistance. If price holds and closes above this level, a run toward 76K and 80K becomes highly probable. Scalpers: Stay cautious around the resistance zone. If Bitcoin fails to break out convincingly, a short-term pullback to retest the 1W BISI could provide shorting opportunities. Key Levels: Resistance: The Descending Resistance trendline is your key point for watching breakout potential. If BTC breaches this level, expect a rally to 72K and 74K. Support: The 1W BISI and Crucial Support Zone 1 (around 64K) will act as strong support levels in case of any short-term corrections. ------ This setup remains crucial as the U.S. Election date approaches, a point that may trigger increased volatility across markets. Keep your risk management tight and stay flexible as the market prepares for its next major move.
by MadeByAK
Alikze »» ENJ | Descending channel - 4H🔍 Technical analysis: Wave 3 or C bullish scenario - 4H - In the 4-hour time frame, according to the previous analysis , after the support in the range of 0.1465, it faced demand, which was able to grow to the middle of the channel. - It faced selling pressure in the middle of the channel, which led to a zigzag correction to the 0.122 range. - It is currently moving in a descending channel, which is at the ceiling of the channel and there is also a supply zone. - Therefore, in case of selling pressure, it can face support in the specified limits or green box and lead to a price growth up to the specified supply area. 💎 In addition, it should be noted that if the green box is broken, the bullish scenario is validated and can have another corrective leg. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:ENJUSDT
Long
by alikze
4
NVDA closing above resistanceNvidia closed above resistance yesterday and I've placed my buy stop above Mondays high for entry on a continuation of the move higher, both short term and medium term trends are up according to the EMA's and rising lows. My stop will be just below the red candle after the Shooting Star that indicated the double top was in place. My stop will trail up as price moves higher and forms new support levels. This is a third entry for me on Nvidia as i continue to build the position. Trade well and profits follow!
TRADENATIONSB:NVDA.MNLong
by WarrenCP
2