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Technical Analysis

SasanSeifi|Gold Hits New Highs:Can the Bullish Rally Continue?Based on recent price movements, OANDA:XAUUSD has seen an increase in demand, pushing the price to $2,600 and setting a new ATH. Currently, the price is trading around $2,582. In the short term, nearby support levels are between $2,564 to $2,560, and then $2,550. If the price fails to hold above the $2,573 level, we may see a minor correction with a pullback towards these support areas. For now, the medium-term outlook remains more bullish, and after a consolidation phase, the price could potentially rise toward the $2,600 to $2,625 targets. 💢 This is just my personal analysis, not financial advice. If you found this helpful, feel free to like and comment – I'd love to hear your thoughts! Happy trading! ✌😊
OANDA:XAUUSDLong
by SasanSeifi
SasanSeifi|Will the 0.30 Cent Level Hold?Hey there, ✌ BINANCE:ADAUSDT In the daily timeframe, as observed, the price followed a downward trend from the 0.80 cent range, extending the correction down to 0.30 cents. Afterward, the price entered a consolidation phase within the 0.30 cent range, which has since been maintained. Currently, we’re seeing a breakout of the long-term descending trend line, and the price is trading around the 0.35 cent level. The scenario we can consider in the daily timeframe is that, given the preservation of the demand zone and after accumulating liquidity, the price could see an upward movement towards the target of 0.39 cents and the supply zone in the 0.42 cent range. To confirm further upward movement, we need to observe the price’s reaction to these zones. (For a continuation of the uptrend and reaching the 0.50 cent target, the supply zone needs to be broken, with the price stabilizing above it.) On the other hand, if the price falls below the 0.30 cent range after a consolidation phase and stabilizes, the probability of further correction increases. 💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
Long
by SasanSeifi
SasanSeifi| Will DOT Break Out Above $4.50?Hey there, ✌ By analysing the daily chart of BINANCE:DOTUSDT , we can see that the price has been in a downward trend for some time and is currently trading in a range around $4. The current key support level is at $4. One scenario to consider in the daily timeframe is that if the price breaks the downtrend and stabilizes above $4.50, it could reach short-term targets around $5, as well as targets in the range of $5.80 and the supply zone at $6. To better understand the future price movements, it’s essential to observe how the price reacts to these levels. (For a continued bullish trend in the long term, breaking the significant supply area at $6 and stabilizing above it is crucial.) Conversely, if the price breaks below the $4 level and stabilizes after a range-bound period, the likelihood of further price corrections may increase. 💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
Long
by SasanSeifi
ICPUSDT - BUY OPPORTUNITY- ICP Update - ICP is one amazing blockchain, within its ecosystem, it can handle gaming, social, web3, Ai etc DYOR!!! There's just too much about ICP which you can read up on their webpage. I am personally buying this coin within BUY area, Holding to target areas and potentially SWING TARGET. My SWING TARGET for ICP for near future is +$150 - $250, this coin 100% deserves 3 digits at fair value, its one of those coins that is built to handle future web3 projects, its utility is amazing, the transaction speeds are insanely fast, if so, even faster than SOLANA. This coin holds its value and reputation in my opinion amongst SOLANA and ETHEREUM, possibly flip SOLANA in near future!!! The blockchain is just built for the future, and with recent announcement regarding Ai model integrated within the blockchain, This by far is one solid and positive outlook for the future of this blockchain. As the future technology continues to progress and evolve around Web3 and mass adoption of crypto takes off. This coin will surely (in my opinion) be key player within the Web3 industry as well as Ai !!! We can only look forward from here and accumulate as much as possible, todays price is a steal for this GEM!!! Todays price will be a history in the future! that is my personal view and outlook! I could be totally wrong, lets wait and see. If this coin dips before Bitcoin halving, I will look further to add to my moon bag. Trade Safe Habibis ** Crypto is highly volatile and risky, profits are never guaranteed, only risk what you can afford to lose **
Long
by PathaanKhan
6
BANK NIFTY INTRADAY LEVELS FOR 07/10/2024BUY ABOVE - 51990 SL - 51820 TARGETS - 52120,52260,52400 SELL BELOW - 51670 SL - 51820 TARGETS - 51530,51400,51230 NO TRADE ZONE - 51400 to 51670 Previous Day High - 52600 Previous Day Low - 51400 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
NIFTY INTRADAY ANALYSIS FOR 07/10/2024BUY ABOVE - 25080 SL - 25020 TARGETS - 25130,25180,25230 SELL BELOW - 24950 SL - 25020 TARGETS - 24900,24850,24800 NO TRADE ZONE - 25950 to 25080 Previous Day High - 25490 Previous Day Low - 24950 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
DreamAnalysis | CRVUSDT Whales Exiting Positions👋 Welcome back to DreamAnalysis! Today, we’re analyzing CRV (Curve), a major player in the DeFi space, and exploring its future potential. 🔍 What is Curve (CRV)? Curve is a decentralized finance (DeFi) platform specifically designed for the efficient exchange of stablecoins and similar low-volatility assets. Using liquidity pools and automated market-making (AMM) algorithms, Curve allows users to trade their digital assets with lower transaction fees and minimal price slippage. 📊 Weekly Timeframe Analysis: Key Support Lost In the weekly timeframe, we lost a crucial support level at 0.4070, resulting in a massive 40% drop. After this steep decline, a new support has formed. This drop occurred with significant volume, and it’s clear that most whales have exited their CRV positions, leading to a sharp reduction in total value locked (TVL) on the Curve platform. Many of these whales seem to have migrated to AAVE. ⚠️ Selling Strategy: If you haven’t sold your CRV yet, it’s recommended to sell after a break below 0.2441. Until CRV recovers above 0.4070, it’s too risky to consider buying. 📈 Daily Timeframe Analysis: Sellers in Control On the daily timeframe, the downtrend continues. We were unable to break above the previous high at 0.3517, highlighting the strength of sellers. We are currently sitting on a significant support level, but if it breaks, further declines are likely. Given the lack of support from whales and major holders, a further drop seems more probable. 📉 RSI Watch: If this support is broken and RSI enters the oversold zone, crossing below 26.28, we could see an even more severe decline. ⏳ 4-Hour Timeframe Analysis: Short-Term Range In the 4-hour timeframe, after getting rejected at the 0.3193 resistance, CRV has now dropped into a short-term range between 0.2496 and 0.2650. 📉 Short Position: Our trigger for a short position is clear. After a break below 0.2496, you can open a short position with a target of 0.2245. 📈 Long Position: For long positions, better coins are available, like SUI. However, if necessary, you can consider opening a long position after breaking above 0.2650, but only if a higher high and higher low form. Be warned—this is a highly risky move. 🔍 Conclusion: At the moment, CRV shows more bearish potential. It’s crucial to manage risk, wait for confirmed signals, and keep an eye on market developments before taking any action. 💬 This wraps up today’s analysis. If you found this helpful, feel free to share it with your friends and leave a comment with your thoughts or any other pairs or coins you’d like us to analyze. 📌 These analyses are merely our ideas based on a chart that doesn’t follow strict rules. Technical analysis is an art, and these insights are not financial advice.
Long
by DreamAnalysis
SWING IDEA - KPR MILL LTDToday, we delve into KPR Mill Ltd , where a confluence of technical factors suggests a potential swing buying opportunity. Reasons are listed below : KPR Mill Ltd recently revisited the critical support at 760 levels, a zone that has historically proven significant. The noteworthy aspect is the successful breach and subsequent retest, signaling potential strength. Weekly charts showcase a bullish dragonfly doji, signaling a potential trend reversal, while daily charts reveal a bullish hammer pattern, enhancing positive sentiment. The stock bounced precisely off the 200-day Exponential Moving Average (EMA) on the daily chart, highlighting this level as a robust support. Continuous formation of higher highs affirms the sustained uptrend in KPR Mill Ltd, reflecting positive market sentiment. With the stock trading above both the 50-day and 200-day EMAs, there is added strength to the current positive trend. Target - 861 // 928 // 1050 StopLoss - weekly close below 716 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:KPRMILLLong
by Visionary_Growth_Insights
6
SWING IDEA - CITY UNION BANKCity Union Bank is showing promising technical signals for a potential swing trade. Reasons are listed below : 170 Zone Tested Multiple Times : This key resistance level has been tested several times, indicating a potential breakout. VCP Pattern (Volatility Contraction Pattern) : A bullish chart pattern signaling a possible price surge. Bullish Engulfing Candle on Daily Timeframe : A strong reversal signal, highlighting increasing buying pressure. 50 EMA Support on Daily Timeframe : The stock is well-supported by the 50-day EMA, reinforcing the bullish sentiment. Target - 185 // 205 Stoploss - daily close below 159 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:CUBLong
by Visionary_Growth_Insights
SWING IDEA - HUDCOHUDCO is showing potential for a swing trade based on technical signals. Reasons are listed below : 230 Zone as Strong Support : The 230 level has been a crucial support zone, providing a solid base for potential upward movement. Bullish Engulfing Candle on Daily Timeframe : A strong bullish engulfing candle indicates growing buying pressure. 0.618 Fibonacci Support : The price is bouncing off the 0.618 Fibonacci retracement level, suggesting a potential reversal. 200 EMA Support on Daily Timeframe : The stock is finding support at the 200-day EMA, reinforcing the bullish outlook. Target - 280 // 310 // 345 Stoploss - daily close below 225 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:HUDCOLong
by Visionary_Growth_Insights
11
Caterpillar (CAT): Construction Strength Amid Industrial SlumpCharting Caterpillar can be challenging, given the complexity of its price structure, but it’s fascinating to see how well it respects Elliott wave theory and trend channels. Despite the difficulties, the adherence to these principles makes the analysis quite promising. The construction sector for Caterpillar remains robust, while the true growth catalyst is expected from a recovery in the mining industry, driven by demand from China and other regions. However, it’s not all positive: industrial activity in the U.S. has been sluggish, with the Institute for Supply Management Purchasing Managers' Index falling below 50 in 21 of the last 22 months—marking one of the worst streaks on record. This industrial downturn certainly adds pressure. On a higher time frame, there’s not much new to add. However, we are looking for Caterpillar to move higher to complete wave (3). As shown in the zoomed-in chart (the chart in the left frame), we can observe how accurately the price is moving within the trendline. The "best-case" scenario for us would involve a push above the channel, followed by a sell-off. If this happens, it will provide a clearer indication that a larger correction—wave (4)—is imminent.
NYSE:CAT
by freeguy_by_wmc
1
SasanSeifi|Is a Breakout Looming? Watch the 0.35 Resistance!Hey there, ✌ In the daily timeframe, as you can see, the price has entered a consolidation phase between 0.25 and 0.35 cents after a downward trend, maintaining the 0.25 cent level for nearly five months. Currently, the price is trading around the descending trend line at 0.31 cents. If we see demand and a breakout above the significant resistance level of 0.35 cents, and it holds, we can expect the price to rise towards the target of 0.40 to 0.42 cents. To understand the continuation of the trend, we should monitor how the price reacts at the first target. We may observe a pullback and then a renewed rise towards the supply area of the second target at 0.47 to 0.50 cents. The crucial support level remains at 0.25 cents. If the price does not behave as expected and breaks below 0.25 cents, the likelihood of further correction will increase. This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
Long
by SasanSeifi
Suzlon Energy: Navigating Key Resistance and Support ZonesSuzlon Energy: Navigating Key Resistance and Support Zones NSE:SUZLON is showing notable technical levels that could determine its next move: Resistance Zones: 86 / 78 – These levels present strong selling pressure, and failure to break above could lead to potential retracements. Keep an eye on volume at these levels for any breakout signals. Support Zones: 71 / 66 – These areas act as crucial support. A breach here might trigger further downside momentum, possibly leading to a more significant correction. The stock’s behavior near these zones will likely dictate the short-term trend. Traders should closely monitor for any patterns that indicate potential reversals or continuations. Disclaimer: I am not a SEBI-registered Research Analyst. This is purely for educational purposes. Please perform your own due diligence and consult a financial expert before taking any trade.
NSE:SUZLON
by Fight_Bulls_vs_Bear
$SPY OVERIVEW ON THE MONTHLY TIME FRAMEAn overview of AMEX:SPY from a technical standpoint. This does not include any fundamental / economical consideration. AMEX:SPY has been in this rising channel since 2020. Each wave / rejection from the trendline / channel caused a 10 - 12 month directional move 100pts +. AMEX:SPY is at the top trendline / channel again. Could see an upward continuation of price in an attempt to hit $600. Failure to break through $600 could start the retracement / correction / pullback over the next 10 - 12 months back to the bottom of the channel / trendline. This would put AMEX:SPY at around $500, give or take 20 - 40 pts. This would be in alignment with what some of the more well-known analyst / economist has been stating about 15/20% correction. Reason for the margin of error is the last two waves moved an avg of 140 pts. $500 is a key level psychologically and from an algorithmic point of view. $600 is also a key psychological / algorithmic level as well. If there is a break of this level, market could see another 20 - 40 pts topside move before consolidation and then possible retracement / correction / pullback. This is NOT financial advice but merely an opinion.
AMEX:SPY
by SADnation
1
DreamAnalysis | SUI Coin Analysis Key Spot and Futures Triggers📊 Welcome to Today's Analysis! Today, we're diving into the SUI coin, exploring its potential and sharing key entry and exit triggers for futures trading. Let’s get started! 🚀 Overview of SUI Coin: The SUI coin operates within the blockchain and DeFi sectors, and it has recently garnered significant hype. This excitement is clearly reflected in its chart, indicating strong market interest. 📈 Daily Timeframe Analysis: In the daily timeframe, after breaking the trigger at 1.0193, the price has experienced substantial growth and has now reached resistance at 1.8339. Currently, the price is consolidating just below this resistance level. 🔄 Next Steps: I believe the price will wait for the SMA25 to align with the candles before any momentum enters the market. If it breaks through 1.8339, we could consider both long futures positions and spot purchases. If momentum doesn’t materialize, the price may correct to the 0.382 Fibonacci level, which coincides with 1.4324, before initiating its next movement. As long as the price maintains higher highs and higher lows in the daily timeframe, I view the trend as bullish and will refrain from selling in the spot market. The most critical support level for SUI is at 0.7562. 🛒 Spot Buying Triggers: In addition to the 1.8339 trigger, I prefer the more reliable trigger at 2.1325 for spot purchases, while opening a futures position at the first trigger. The RSI entering the overbought zone will provide additional confirmation for both triggers. ⏱️ 4-Hour Timeframe Analysis: In the 4-hour timeframe, the weakness of the bullish trend is quite evident. After breaking 1.4324, the volume has decreased significantly. Following this, there was a notable rejection at resistance 1.9009, and the price is currently resting after reacting to the 1.6260 range. ⚠️ Short Position Considerations: Breaking the trigger at 1.9009 is a viable but risky option for a short position. Given the ongoing bullish trend in the daily timeframe, the risk of hitting a stop loss is high. We could consider opening a primary short position after breaking 1.4324. A break below 44.43 in the RSI could confirm the entry of bearish momentum. 🌟 Long Position Opportunities: For a long position, breaking 1.9009 presents an excellent opportunity. I aim to open a long position after this resistance is broken. The next trigger for a long position is 2.1325, which I believe is more suited for spot trading, as opening a futures position may prove challenging. 🔍 Conclusion: Stay vigilant with your trading strategies and keep an eye on these key levels as we navigate the market! Happy trading! ⚠️ Disclaimer: This information is for educational purposes only and does not constitute financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
by DreamAnalysis
BTCUSD : Why BITCOIN Remains Bullish and Its Next Potential MoveI still haven’t changed my mind that Bitcoin should reach $73,000. Now let’s analyze this technically. Recently, Bitcoin managed to break out of this triangle sharply and reached above $66,500. However, after that, we faced a short-term correction that reduced the price to around $60,000. Now, the price can increase strongly, break the head and shoulders pattern, and eventually reach the top of the megaphone. important patterns: Butterfly Pattern, Megaphone Pattern, Head and Shoulders . ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard .💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
2
Microsoft (MSFT): Decision Point – Will It Hold or Drop?Since our last analysis on Microsoft, not much has changed in terms of price action, as it rose to $469 before getting stuck again at $416. However, there is one major development – Microsoft has formed a new trend channel. We have marked this crucial channel in red and labeled it "Must hold for more upside," emphasizing its importance. A major decision is approaching for $MSFT. Either Microsoft holds this channel, leading to a surge higher, or it loses this level, which would confirm the bearish head and shoulder pattern. We've maintained a bearish outlook on Microsoft since January 2024, and recent developments seem to support our analysis. For now, we're patiently waiting and letting the market decide. If Microsoft loses the channel, we could find initial support for wave (A) around $316-306. However, a better buying opportunity for wave II may present itself closer to $220 – though reaching this level will take some time. 🫡
NASDAQ:MSFT
by freeguy_by_wmc