📈GAL Weekly Analysis: Bullish Breakout Opportunities🛸👨🚀🔍In the weekly timeframe, GAL has broken its trend line and completed its first bullish leg, reacting to resistance at 3.904.
🕯The weekly candlestick is deemed reliable, indicating an influx of buyers into this coin.
⚡️Indicators such as SMA7 and SMA25 have crossed after breaking their respective trends, confirming the upward momentum. Currently, SMA7 is providing strong support for the price, with the last candlestick also offering significant price support.
🛒The optimal time for buying is during this candle, with the initial target set at 10.181, representing a potential 140% increase.
💥However, it's worth noting that the RSI has been in overbought territory for a prolonged period, suggesting a potential correction may be on the horizon.
📊The trading volume of the coin has remained relatively stable since its launch, providing limited insight.
📚Regarding the project itself, further research on Galexe can be conducted. Galexe serves as a community platform for various projects, offering infrastructure for new ventures.
🎈By incorporating this information, traders can make informed decisions regarding GAL investments.
🧠💼Just remember, jumping into trades too quickly before the main trigger can be risky. Always manage your money wisely and be aware of the risks involved.
Treandline
by using my past knowledge the can do thisi think that the market will do this that the market will form lower lows into support and the support will break and then it will retest back the support
support resistance ideathis is a simple support resistance idea we will trade using the analysis of where buyers and sellers are present nothing more!
Breakout Weekly chart analysis
Target
Stop loss 635 Target 877
Stop loss 660 Target 800
Stop loss 595 Target 900
No recommendation for buy and sell
Only education purpose
Take own analysis
trend line work support and resistance finally breakout 1) weak chart analysis
2) chart following trend line from 2011 to 2023
3) Trend lines work as support and resistance.
4) December 2009 and July 2011 trend lines work as support
5) 2011 February to July may time work as support and finally break down.
6) this same trend line worked as resistance in august 2014, January 2018 and April 2022
7) August 2014: breakout of this resistance trend line but no sustained upside.
8) Finally, break down bottom level 7 (resistance at 35 and fall down from 40)
9) From bottom level 7 to resistance level 63, it takes 2 years (771% return).
10) from resistance comes down at 9 level
11) may 2022 attempt for break level but not possible that time
12) now this line is breaking out and moving new life time high
13) take 200 as stop loss and get 300-350 first target
no recommendation for buy and sell
NZDCAD most changes goes for Lone in NZDCAD we have to need more evidence for long positon Bullish Gartley Pattern is strong evidence for buy but we have to wait for some more evidence for long
Its time to short XAUUSDMy trading plan is we can short XAUUSD 1880.00 and expect it will reverse the trend in 1880.00 that reverse trend will continue until price level 1732.00
between price range 1760 to 1820 the market has made lot of trades and struggling to increase price. its a clear sign to trend reversal.
i have mentioned clear support and resistance levels on chart.
SPX Year long downward Trend BrokenWe have officially breached this trend line that's held for the last year. Either this is super bullish or we're headed to the basement. We shall see.
Permanent Magnets Ltd - Resistance + Trendline Breakout📊 Script: PERMAGN (PERMANENT MAGNETS LTD.)
📊 Sector: Electrical Equipment
📊 Industry: Engineering
Weekly Time-frame
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 Already Crossover in MACD .
📈 Already Crossover in Double Moving Averages.
📈 Volume is increasing along with price.
📈 Script has given Trendline Breakout which was working as resistance(sown in chart) in both time frame daily as well as weekly.
📈 Current RSI is around 83.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 507
🟢 Target 🎯🏆 - 597
⚠️ Stoploss ☠️🚫 - 468
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Dixon Technologies - Keep an Eye 📊 Script: DIXON (DIXON TECHNOLOGIES (INDIA) LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500, NIFTY INDIA CONSUMPTION, NIFTY MIDCAP
📊 Sector: Consumer Durables
📊 Industry: Consumer Electronics
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 Crossover in MACD .
📈 Already Crossover in Double Moving Averages.
📈 Volume is increasing along with price.
📈 Script is moving towards resistance level which is around 4659 if script is breaking its resistance level it may go up.
📈 Current RSI is around 77.
📈 One can go for Swing Trade for around 120 points.
⏱️ C.M.P 📑💰- 4540
🟢 Target 🎯🏆 - 4659
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
SPX bullish - oversold and bounced off trendline support.SPX at trendline support. The most likely scenario for a short term bounce on this trend.
SPX today intra day held this level and reversed course as it touched this trendline.
If you short( bearish ) time to lock in some profits and for those not short or cash waiting for the opportunity to buy its time to go long or be bullish .
We are also oversold here. Also generally markets do rally going into the long weekend.
Starting a small long position here, would be the trade as this trendline bounce play out. Short term trade idea.
We are a little long here as history repeats itself.
This is not a bottom: more like a relief rally in a bear market.
Note: This is not investment advice.
$AUDCHF - Keep an eye!Happy Monday!
Well, it's been great start already got in some trades hit TP but I am just checking the overall market and this specific currency pair is brewing for nice trade!
C&H Pattern break above - important note is that trendline down! And if we can't go above the TL then we sticking to range trade and perhaps re-test those lows.
Have a great week ahead
TJ
Breaking the trendline or move above itAfter approaching level 1.53000 , price starts to forming lower highs and now it's struggling to break the trendline , in this situation , we can only consider positions after a trustworthy confirmation.
LONG IDEA - EURJPY LONG IDEA - EURJPY
Based off the Monthly Timeframe we have moved into the Buy Zone and now looking to Buy the market .
If the Analysis holds true we anticipate the market push Bullish towards our daily Target of 145.733.
The previous resistance could potentially become the new support round about 133.138 area .
We as see a strong support level between 127.892 - 128.433 which the market could Potentially come back to and rally towards our Target of 145.733.
TP 1 - 141.131
TP 2 - 145.733
SL - 121.425
Andrews's fork pushes the Bitcoin price strongly towards GodAs you can see in the Bitcoin weekly chart, the price has kissed Andrews's lower half.
I expect it to easily hit $ 46,487. And then it will pass the price of $ 50,822 with a little cute.
But the price of $ 52,107 is the price of bitcoin flirtation and the battle of bitcoin lovers at this point.
If the bears win the price of $ 52,107, the fear and greed index is expected to drop to less than 10 and opportunities for whales will be provided. And the increase in the purchase price of $ 38,936 pushes the price strongly towards God.
BINANCE:BTCUSDT
Could Bitcoin be forming a triangle??Most likely completing wave 4. This could end up being a triangle (33333). If not triangle, I'm long term bullish but next support is around 30k. :(
Wow doge in the IMPORTANT areadoge coin recently break the long channel and pullback to channel
If market can be bullish wee have a good pump in doge :)
Good luck
AUDCHF important areaall the information in chart
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Good Luck
GMM PFAUDLER 15MINGMM PFAUDLER given in premium membership. it is moving in a parallel zone giving a upside moment breaking with a supply zone gave a downside breakdown of the channel.
ATOMUSDT(4H CHART) ATOMUSDT (4H CHART) Technical Analysis Update
resistance breakout
ATOM/USDT currently trading at $21.55
Buy-level: Above 20.5 to $21.5
Stop loss: below $17.5
Target 1: $24.40
Target 2: $26.30
Target 3: $30.00
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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