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Technical Analysis

Toncoin Resumes Its Bullish TrendToncoin with ticker TONUSD made a bigger decline recently after Telegram CEO Pavel Durov was Arrested in France. However, they were most likely just spreading the fear like back in 2022 when FTX's Sam Bankman-Fried was arrested as well, but Crypto market found the low back then and turned bullish. So, don't get scared at this stage, as TONUSD may have just finished a deeper A-B-C correction in wave (4) from where we can expect a bullish resumption for wave (5) of 3. It's actually nicely bouncing from projected support area for wave (4), so wave (5) can be now in progress, especially if jumps back above channel resistance line and 7.3 bullish confirmation level. If that will be the case, then wave (5) has space towards 12-14 target area. In Elliott wave theory, every impulse should be finished by a five-wave cycle.
CRYPTO:TONUSDLong
by ew-forecast
Deepak Nitrite Stock Chart Ascending Channel: The stock has been trading within an upward-sloping channel since late 2023, making higher highs and higher lows, which indicates a strong long-term uptrend. The price recently tested the lower boundary of the channel and has shown signs of a rebound. Triangle Breakout: A bullish breakout has occurred from a symmetrical triangle pattern, suggesting renewed upward momentum. The stock has surged by over 20.26% from the breakout point, confirming the pattern. The breakout targets are around ₹3,562 based on the height of the triangle projected from the breakout. MACD: The MACD indicator shows a bullish crossover, with the MACD line crossing above the signal line, which is a strong confirmation of positive momentum. Key Support Levels: ₹2,800: This level aligns with the lower boundary of the channel and has acted as strong support. ₹2,600: A previous low that provides additional support in case of any pullback. Resistance Levels: ₹3,095: A key resistance level to watch, previously tested and failed. ₹3,562: The price target projected from the breakout. Volume: Volume has been rising since the breakout, further validating the upward move and adding confidence to the bullish outlook. Conclusion: With the recent breakout and strong upward momentum, Deepak Nitrite shows a bullish trend. Investors should watch for a retest of support levels near ₹2,800, while upside targets point to ₹3,562. The long-term trend remains positive as long as the stock holds within the ascending channel.
NSE:DEEPAKNTRLong
by AngshumanSaikia
XAU/USD: Break $2,679 or Retrace?The XAU/USD chart shows gold hovering around $2,649, with key support at $2,623 and $2,649. The EMA 34 ($2,643.988) and EMA 89 ($2,607.307) provide strong support, maintaining the bullish momentum. The main focus is on the resistance at $2,679. If the price breaks above this level, the upward trend is likely to continue. However, if unsuccessful, gold may correct toward lower support levels. The market is also awaiting key news from the U.S., which could significantly influence gold’s direction in the near future.
OANDA:XAUUSDLong
by Zola_Hello
XAUUSD: 500 pip trading strategy!Dear friends, XAUUSD continues to gain some recovery momentum as it has reclaimed 2625, but the main trend and the long-term trend are still moving in a bearish direction from the head and shoulders perspective. In the short term, the price is approaching 2650 and XAUUSD is approaching the neckline limit. And the bearish pattern is expected to continue to strengthen in the near term, as shown by the unchanged 34.89 EMA, the target is the support levels of 2605 - 2600. And you, how do you think XAUUSD will move in today's trading day!
OANDA:XAUUSDShort
by Bentradegold
Bitcoin - Time to buy again!I still stand by my opinion and haven’t changed my mind that Bitcoin should reach $73,000. Now let’s analyze this technically. Recently, Bitcoin managed to break this triangle strongly and rose to above $66,500. However, we are now facing a short-term correction that could bring the price down to around $62,000. The price could drop to the indicated support area and then powerfully bounce back up, breaking the head and shoulders pattern, and finally reach the megaphone top. important patterns: Butterfly Pattern, Megaphone Pattern, Head and Shoulders . I can’t believe how quickly time has passed. Let’s take a look at my analysis from 2020 (good old days) and ✨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
9
JP Morgan Chase (JPM): Bearish Scenario on the HorizonYou have to hear us out on this one, as we are presenting a very bearish scenario, but we will explain why we think it could unfold this way. First, let's look at the weekly chart (yes, the weekly chart). This chart shows a near-perfect Elliott wave and Fibonacci count, respecting all the important theoretical points well. If this analysis is correct, we are currently in the last push of wave (5) to end this large cycle. After that, we should see lower prices for a higher wave II. We give the current wave (5) a maximum target of $271, but it is more likely to drop before we reach that level. In the the main chart, we zoomed in to make it clearer. Everything depends on whether we are correct about wave (3) and wave (4). If our count is accurate, wave (3) should conclude between the 227.2% and 261.8% levels. NYSE:JPM has formed a bearish divergence on the RSI, and if the stock drops below $190, we expect prices to fall further, ideally between $178.46 and $149, for one last push higher to conclude this cycle. It will take some time until we get there, but good things take time, and we are ready for it to play out. Alerts are set, and the plan is in place. 😎
NYSE:JPMLong
by freeguy_by_wmc
DreamAnalysis | EURUSD Approaching Key Levels – Big Moves Ahead!✨ Today’s Focus: A Critical Asset in the Market – EUR/USD We'll break down its recent price movements and provide insights on what to expect next, based on key market levels. 📊 Current Market Overview: EUR/USD is showing notable upward momentum, with price targeting buy-side liquidity. Recent sweeps include the Previous Month High (PMH), and price is now nearing the Previous Week High (PWH). A potential sweep of this level is expected, but overall, the outlook remains bearish, suggesting a move lower to target sell-side liquidity. 🕓 Key Levels to Watch: Here are the essential zones we’re tracking: - PMH: Previous Month High - PML: Previous Month Low - PWH: Previous Week High - PWL: Previous Week Low - SSL: Sell-Side Liquidity - 4H FVG: 4-Hour Fair Value Gap (a potential retracement zone) - Daily FVG: Daily Fair Value Gap (imbalance zone) These levels mark critical areas where price may accumulate liquidity or rebalance. Fair Value Gaps (FVGs) highlight zones where the market may retrace to collect orders before continuing its trend. 📈 Bullish Scenario: Although we don't see immediate triggers on higher time frames (HTF), lower time frames (LTF) present potential opportunities. A better entry may emerge after a sweep of higher time frame sell-side liquidity (SSL), leading to a long setup targeting the Previous Week High (PWH). 📉 Bearish Scenario: On lower time frames (LTF), a valid entry model could play out to target sell-side liquidity. Key levels to watch include Relative Equal Lows, the Previous Week Low (PWL), and potentially a tap into the Daily Imbalance for further downside. 📝 Conclusion: As always, remain adaptable to changing market conditions. Monitoring these key levels and scenarios will sharpen your strategy and help identify opportunities. 🔮 Looking Ahead: Stay tuned for updates as we continue to monitor NASDAQ, DXY, EUR/USD, and other major currency pairs. Expect timely insights as market trends unfold. ⚠️ Disclaimer: This information is for educational purposes only and does not constitute financial advice. Always do your own research and consult a licensed financial advisor before making any investment decisions.
Short
by DreamAnalysis
XAU/USD: Awaiting Breakout or Further Correction?The XAU/USD chart on September 30th reveals an intriguing scenario as gold prices hover around $2,652.115. A solid support level at $2,643.949 acts as a strong "shield," preventing any significant drops. Additionally, the EMA 34 ($2,651.911) and EMA 89 ($2,618.401) provide robust support, forming a solid foundation for buyers to maintain upward momentum. However, the real battle lies at the resistance level of $2,669.912. If buyers can muster enough strength to break through this level, the path to new highs at $2,691.980 will open up. In this tense market environment, key economic news and Fed actions will play pivotal roles, potentially shifting the entire landscape in a matter of moments.
OANDA:XAUUSDLong
by Zola_Hello
BANK NIFTY INTRADAY LEVELS FOR 30/09/2024BUY ABOVE - 54400 SL - 54150 TARGETS - 54600,54800,55000 SELL BELOW - 54150 SL - 54400 TARGETS - 53920,53700,53500 NO TRADE ZONE - 53700 to 53930 Previous Day High - 54400 Previous Day Low - 53700 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
MarketBreakdown | AUDUSD, USDCHF, EURGBP, GBPCAD Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #AUDUSD weekly time frame 🇦🇺🇺🇸 The market opening is very bullish for the pair. We see a breakout attempt of a major horizontal weekly resistance. If a weekly candle closes above the underlined blue area, it will open a potential for much more growth. 2️⃣ #USDCHF daily time frame 🇺🇸🇨🇭 The market is currently consolidating within a relatively wide horizontal parallel channel. The price is currently approaching its support. With a high probability, a consolidation will continue, and we will see a bullish movement from that. 3️⃣ #EURGBP daily time frame 🇪🇺🇬🇧 The price violated a significant daily/weekly horizontal support last week. Because the pair is trading in a long-term bearish trend, such a violation indicates the strength of the sellers and a highly probable bearish continuation. 4️⃣ #GBPCAD daily time frame 🇬🇧🇨🇦 The market is trading in a strong bullish trend. Currently, we see a breakout attempt of the resistance based on a current high. If a daily candle closes above that, it will confirm a bullish continuation. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
5
NIFTY INTRADAY LEVELS FOR 30/09/2024BUY ABOVE - 26250 SL - 26150 TARGETS - 26350,26460,26560 SELL BELOW - 26150 SL - 26250 TARGETS - 26050,25980,25920 NO TRADE ZONE - 26150 to 26250 Previous Day High - 26250 Previous Day Low - 26150 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
Ethereum's Price Action Approaches Critical Resistance ZoneCurrent Situation: Ethereum's price action is at a critical juncture, pushing into the former-support-turned-resistance zone of $2,600-$2,900. A break above this zone would strongly suggest that a significant low has been established. Technical Analysis: Ethereum is also attempting to re-enter the descending price channel that has characterized much of the year’s correction. If this movement turns out to be a false breakdown, we could witness a sharp, explosive rally, reinforcing the adage, “From false moves, come fast moves.” Market Comparison: In comparing Ethereum to silver and Bitcoin to gold, it's noted that Ethereum tends to act as a leveraged position relative to Bitcoin. If a genuine crypto rally is beginning, Ethereum is likely to surge quickly, reflecting silver's historical performance relative to gold. #Ethereum #CryptoAnalysis #ResistanceZone #MarketTrends #TechnicalAnalysis #CryptoRally
COINBASE:ETHUSD
by Richtv_official