IDEA - Targeting $0.01🎯Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 IDEA has been overall bullish, trading within the rising wedge pattern in orange.
Currently, IDEA is hovering within a narrow range between the lower orange / red trendlines and $0.0065 resistance.
📈Scenario 1:
As we approach the $0.0045 support zone, we will be looking for new buy setups to catch the next upward impulse movement.
🏹Scenario 2:
For the bulls to regain control from a long-term perspective, a break above $70,000 is needed.
In this case, a movement till the upper orange trendline and $0.01 round number would be expected.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trend
CORE SEEMS TO ENTER A NEW BUILDING TREND (CYCLE)Based on our study, CORE appears to be experiencing a significant upward trend, suggesting potential for further growth.
CORE is showing interesting indicates data trends both technically and in terms of data analysis.
we will follow its progress to see if it reaches the $1.11 mark soon.
we will continue to monitor CORE for any new updates. The current cycle for this coin cycle began at $0.58 and it's already gaining traction.
note that this update is not trading advice.
CLORE NEW BREAK VOLUMECLORE shows a new increase in volume, which could be confirmed in the coming time frames.
We will follow the coin to see if it's able to confirm.
The reason for the volume is the trend data that this coin shows.
This coin is a basic choice on daily trends.
Clore can show a new increase in volume in the coming time frames.
TON NEW INCREASE VOLUME IN TRENDTON shows a new increase in volume, which could be confirmed in the coming time frames.
We will follow the coin to see if it's able to confirm.
The reason for the volume is the trend data that this coin shows.
This coin is a basic choice on daily trends.
There is a good chance this coin can become a running volume coin for the next period.
How I would trade SOLUSDT 4hHere's a very simple setup. I would trade SOL/USDT riding the trend!
The price is at an area of support now. I would wait for confirmation that the buyers are in control - e.g. by looking at the candles - then ride the trend and take profit around a resistance area of value.
Trade safely!
USDCHF - Following The Trend📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 USDCHF has been overall bearish, trading within the falling channel in blue.
Currently, USDCHF is approaching the upper bound of the channel acting as a non-horizontal resistance.
Moreover, it is retesting a resistance marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for sell setups as it is the intersection of the blue trendline and green resistance.
📚 As per my trading style:
As #USDCHF approaches the blue circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Broadening wedge pattern breakout in OBEROIRLTYOBEROI RELTY LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Broadening Wedge Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1489+.
✅Can Go Long in this Stock by placing a stop loss below 1371-.
RSI as a Trend ToolMost people use the RSI as a momentum indicator,
trying to find Overbought/Oversold (OBOS) conditions,
and/or divergences.
However there is also a way to use it as a Trend Tool.
There is a mathematical relationship that connects the RSI and EMA's.
The formula is RSI(x) cross-over 50-line = Close cross-over EMA(2x)
i.e. RSI(14) cross-over 50 line = Close cross-over EMA(28)
This one of the properties of the RSI,
which I discovered when taking a more indept look into momentum indicators,
which ultimately led to the discovery of the MACD-v in 2014/2015
The MACD-v was then publicly disclosed in 2022,
in the form of a a paper called
"MACD-v: Volatility Normalised Momentum",
which was awarded:
It has won 2 International Awards:
1. The “Founders Award” (2022),
for advances in Active Investment Management
from the National Association of Active Investment Managars (NAAIM)
2. The “Charles H. Dow Award” (2022)
for outstanding research in Technical Analysis,
from the Chartered Market Technicians Association (CMTA)
WEN BREAK POSSIBILITY
WEN shows a new increase in volume, which could be confirmed in the coming time frames.
We will follow the coin to see if it's able to confirm.
The reason for the volume is the trend data that this coin shows.
This coin is a basic choice on daily trends.
Data shows that WEN is at an important point and able to break soon.
Correlation between JPY strength and NIKKEIWe cannot treat the Japanese market similar to how we treat the west.
Traditionally, when a currency strengthen, the respective stock index will dip.
However, here we see that whenever USDJPY drops (aka JPY strengthens), the NIKKEI actually continues to rally or at least consolidates sideways.
BTC - Correction Phase Started 📉📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 After breaking below $70,000 , BTC started the bearish correction phase.
As long as the $70,000 resistance holds, we anticipate a movement towards the lower bound of the red wedge pattern.
Moreover, the $60,000 - $62,000 range is a massive support zone.
🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the blue support and lower red trendline.
📚 As per my trading style:
As #BTC approaches the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
#NIFTY Intraday Support and Resistance Levels -19/03/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22080 level and then possible upside rally up to 22200 level in today's session. in case nifty trades below 22030 level then the downside target can go up to the 21910 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(19/03/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 46550 level then possible upside rally of 400-500 points upto 46950 level & this rally can extend another 400 points if market gives breakout 47050 level in todays session.Any Major downside only expected in case banknifty starts trading below 46450 level.