Potential upward retestThe index may retest established higher highs, after finding support near a key low. Price action is ranging between 11700-11900, upon breaking of the consolidation phase.
Support and Resistance
Bitcoin could hit 103k in the next three weeks!Bitcoin could hit 103k in the next three weeks easily!
It looks like it's heading for the 1.27 fib extension.
BTC/USDT 15m Time for a cool off? Trying to Keep a sensible approach during crazy times, I see 2 possible bullish setups:
- A wick down into bullish OB plus a breakout of the diagonal resistance is a strong setup.
- 2nd option is the same further down.
If BTC continues to climb I'd like to see the bearish OB flipped with a convincing flip from resistance to support.
A full week of non stop climbing does need a correction to be healthy and punish late longs with a leverage flush.
XRP ready for big breakout!Ripple is caught in a big triangle that formed over the last 5+ years. If we break out here, I think we can easily go to €2.50-3.00
Lennar Corp: LONG Swing TradeThesis: Bullish Short-term
Company Profile:
Lennar Corporation develops and sells single-family and multifamily homes, along with residential land. It also provides mortgage financing, title, insurance, and closing services, and originates securitized commercial loans. Its customer base includes first-time, move-up, active adult, and luxury homebuyers, with involvement in fund investment activities as well.
Technical Analysis:
1. Monthly uptrend that might be approaching exhaustion (bearish RSI divergence).
2. Daily double-bottom pattern with large buying volume.
Fundamentals:
1. Healthy business: Net Profit Margin (11.5%) and Return on Capital (10.9%).
2. Decent growth that might be slowing down: Revenue Growth YoY (9%) - Fwd (4%).
3. Decent EPS growth that might be slowing down: EPS Growth YoY (11.8%) - Fwd (0.8%).
4. Positive revenue and earnings surprises in the last two quarters.
Conclusion:
The stock has experienced strong growth over the past two years, but it seems that investors are now beginning to show concern about future prospects. This concern manifested in a price drop after the last earnings report, despite positive surprises on both revenue (3%) and EPS (16.7%). Fundamentally, it is still a good business but the current valuation might be too high.
Coupled with bearish RSI divergence on the monthly chart, the stock is not suitable for a long-term position at the current price level, but it could still be a decent candidate for a swing trade (several weeks). The technicals show that large buyers remain interested in this stock, although selling pressure may still be strong.
It is possible to enter now with stops below the double-bottom, but a safer approach would be to wait for a third test of the support (160-163). The second option also provides a much better risk-reward ratio (3:1) and stronger support level (155)
Disclaimer
I don't give trading or investing advice, just sharing my thoughts.
Reynolds Consumer Products | REYN | Long at $27.00Reynolds Consumer Products NASDAQ:REYN is a "boring" company with excellent fundamentals. P/E of 15x, 3.35% dividend yield, low debt, and a 53M float. The Director just scooped up $196,000 in shares and earnings are expected to growth (while slowly) over the next few years. It recently tested the low of my historical simple move average (teal and white lines on the chart) and it looks primed for a move up to fill the price gaps. Thus, at $27.00, NASDAQ:REYN is in a personal buy zone.
Target #1 = $29.00
Target #2 = $31.00
Target #3 = $34.00
Bitcoin 100 to 120kIts been awhile since my last video, but I couldn't help but post since its all time highs.
Just looking at this wave taken from the low in August, I am targeting 100-120k
Right now I think we are in a sub 3 wave and don't expect under 80k. It has been moving fast since November 4th and don't expect a long time holding in this sub wave 4 correction.
Possible a larger degree wave 3 ~94-100k that is a needed correction to break through 100k.
Want it to hold the 73-75k at this point. Will try to do an update on what I'm expecting for a correction after this move progresses further.
Let me know if you want to see other coins or have any questions. I'm trading ETH, ADA , DOGE atm
Potential Buying Zone (Daily)This might be a potential buying zone (small chunk) for the following reasons:
1. Target of H&S completed.
2. Weekly support.
3. EMA 144 - 200.
Note: I'm a learner and I'm reusing my learned tools after a very long time. Let me know if I can improve or if you have any suggestions.
BANKNIFTYBANKNIFTY levels are based on imbalances
1. gapup 51600 long
2. 51600-51100 trade breakout
3. gapdown 51100 shorrt
NIFTYNIFTY levels are based on imbalances
1.gapup 24080 long
2.24080-23900 trade breakout
3. gapdown 23900 short
Gold Views as of nowI feel lile buying gold as of nowm consiering price action.
Zones as mensioned in the chart drawing.
STXUSDT Breakout: Is This the Start of a Bullish Surge?Yello, Paradisers! Have you been watching #STXUSDT’s recent moves? If you’re waiting for a potential rally, this setup could be worth watching closely.
💎#STXUSDT has finally broken above its descending trendline resistance after multiple attempts, hinting at a possible shift in momentum. This breakout is a promising sign, not only confirming strength from buyers but also marking a clear higher high in its market structure.
💎The pair has finally broken above a critical descending trendline resistance after several failed attempts, signaling a shift in momentum. This breakout marks not just a psychological win for bulls but also a technical one, as STXUSDT has broken its previous market structure by setting a new higher high.
💎STXUSDT has been trading with notable volume, adding strength to this breakout.After breaking above resistance, the pair successfully retested it, turning this level into a new support. This is a key technical confirmation of bullish intent and increases the probability of further upside.
💎Although the pair has cleared the trendline, a retest is still possible. This retest aligns well with the 0.5 Fibonacci retracement zone, reinforcing it as a high-probability support level for a potential bounce.
💎Resistance Levels to Monitor Initial minor resistance around 2.211, Next resistance at 2.543 and a Strong resistance zone between 2.836–2.94.These levels are likely to be key decision points where sellers could push back, so it’s crucial to monitor volume and price action as STXUSDT approaches each.
💎If the price closes below the demand zone at 1.581, this would invalidate the bullish setup, signaling caution.
Stay disciplined, Paradisers! Watch for confirmations at these key levels to make the most of STXUSDT’s next moves. Remember, patience and strategy are key for those looking to thrive long-term in this market.
MyCryptoParadise
iFeel the success🌴
BECTORFOODS Trading within Demand Zone of ₹1651 to ₹1581.05BECTORFOODS' current price stands at ₹1617, placing it within a demand zone ranging from ₹1651 to ₹1581.05. this may serve as a critical support level. Investors might consider watching this range closely for potential signs of a price reversal or consolidation, which could present a buying opportunity if the stock rebounds from this support area.
$ELF Trade Setup & Fundamentals: $150+ TargetsGreetings Everyone ,
I wanted to highlight NYSE:ELF , which has been on my radar for over three months.
Sector Insight:
The Consumer Discretionary sector, including e.l.f. Beauty, has shown unique market resilience. Despite sell-offs in leading stocks, the sector itself has held strong, even gaining ground. This suggests that while individual names saw profit-taking, capital may still be active within the sector. It raises the question: What are institutional investors targeting here? 🤔
e.l.f. Beauty ( NYSE:ELF ) Fundamentals:
Q2 Fiscal 2025 Performance: Net sales jumped 40% YoY to $301.1 million, driven by retail and e-commerce growth.
Market Share Growth: U.S. market share rose by 195 basis points, marking 23 consecutive quarters of sales growth and share gains.
Profitability: Gross margin hit 71%, reflecting cost efficiencies, currency benefits, and price adjustments abroad.
Outlook Raised: Full-year net sales growth is now expected to be 28-30%, with EPS projected at $3.47 to $3.53, signaling sustained confidence.
Levels & Technicals :
Correction Zone: Began at the $220 level.
Major Price Levels: Horizontal Rays at $114, $143, $153, $220.
Gaps: Present at $120 and $159 levels.
Volume: Breakout volume hit 9.45 million compared to a typical 2-3.5 million during range-bound moves.
Trade Idea : ♟️
Gap & Go Strategy: Look to fill gaps, then break higher.
Price Targets 🎯
$152
$170
Next Steps 💡
Check out Lululemon (Canadian-based) for similar strength in the same sector. Let’s collaborate on chart insights! 📈
DYOR! NFA!
how short are u on gold?gold surprisingly left the bull stage and is seeking for the support at 2550 levels
$MASK about to go parabolic?SEED_DONKEYDAN_MARKET_CAP:MASK is one of the better looking charts right now.
It's just breaking out above the trend line on lower timeframes which indicates to me a large move is about to get started.
I've marked off resistance levels on the way up but think we can get back to previous ATHs at $22.
Let's see how it plays out over the next 2 months.
HON has give a major breakout Yesterday.HON gave a major breakout Yesterday. a bullish movement up to 247 can be expected.
LUV eyes on $28.xx: Double Golden fibs that might start next legAirlines have been on the rise for a while.
LUV earnings beat but stock has dipped.
Major support, long above, short below.
$ 28.53 - 28.92 is the key zone of interest.
$ 27.64 solo fib for SL if long or TP if short.
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Apple in ascending triangle, up to 280$ or down to 200$?Apple had a great move up from 165$ to 237$ in only 3 month, but since then price has been oscillating between 200$ and 237$, this oscillation seem to form an ascending triangle.
Since the stock has been moving up in long and short term, the probability that this triangle breaks out to the upside is higher than breaking out to the down side.
Currently the price is sitting at lower level of this triangle and if the pattern holds, we should see the price move up to 237$ in short term. If the price breaks out from there to the upside, then we will be looking at the price target of 280$. On the other hand, if the price breaks out to the down side, the price target is at 200$ where we have a-formerly resistance-support line.
We should also notice that after the April-July bull run we have already seen a retracement to 0.5 level, and the current movement of the price could be seen as the uptrend after the retracement.
XRT eyes on $80.61: Top of year long range about to break out? Retail sector has been consolidating most of the year.
Perhaps the election was needed to reduce variables.
Looking for a Break-and-Retest entry or rejection here.
$ 80.61 is the fib of interest right now.
$ 78.63 is a minor support below for SL.
$ 83.81 will be first resistance / target.
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Pepsi Co to test 157$ resistance, what's next?Pepsi co had a steady bull run from March of 2020 to May 2023, where the price doubled in a span of three years after testing it's long term support line in March of 2020 at 100$.
Since May 2023, the price is in a downtrend and even Trump pump did not help it!
Currently price is about to test its short term resistance at 157$. This price coincides with 0.382 fibonacci retracement level. If the price holds there, there might be a chance for Pepsi co to break out of the downtrend and start a bull run.
However, if the resistance does not hold and price fall below 150$, we are probably going to test the long term trend line (green line) which has been a support since market crash of 2009. If that happens, then we will be looking at prices around 130$ per share. This price is retracement level of 0.618 of fibonacci level.
CAVA eyes on $158.79 possible top, 142.26 Golden Genesis supportCAVA has been climbing its Genesis Sequence quite well.
Just crossed a Golden fib that is now key trend support.
Ping on next blue fib or loss of Golden fib could mark top.
$ 142.26 is the Golden fib that bulls need to hold.
$ 156.79 is the minor sister that bears must watch.
$ 132.06 is the first support for bulls to fall back on.
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F WEEK 11/11/24F WEEK 11/11/24
Trying to keep this as simple as possible.
Once price breaks outside of the Blue range, watch for possible retest of broken level and be ready to long or short into the YELLOW ranges.
Price may exceed YELLOW range targets, but it’s at least a strong help to make profit 🎯🫡.
*LEVELS ARE NOT RANDOM OR BASED OFF EMOTION OR PERSONAL BIAS. BACKTESTED WITH THOROUGH RESEARCH WITH OVER 90% ACCURACY....HENCE WHY MOVE WILL MOST LIKELY BE GREATER THAN ESTIMATED.*
