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Trend Analysis

RENDERUSD: Key test of 1D MA200. Parabolic rise if broken.Render turned overbought on its 1D technical outlook today (RSI = 72.830, MACD = 0.0820, ADX = 28.717) as it hit the 1D MA200 for the first time since July 2nd. If crossed, we technically expect an aggressive rally to start. The next technical Resistance right above the 1D MA200 is the LH trendline. Last time we had a pattern like that break the 1D MA200 was on October 7th 2023, where both levels broke upwards. Consequently, we turn bullish on Render, expecting again a first bullish wave to the 1.786 Fibonacci extension (TP = 32.000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:RENDERUSDLong
by InvestingScope
NVIDIA shooting up- Trump Presidency favouring to upside to $200Markets are loving the election results so far. And it looks like it's been pricing in upside and a rally for some time now. Starting in Early October. So, technically AI stocks are showing all time highs on it's way with the markets. First the price broke above the W Formation (Breakout pattern) Second, Price> 20 and 200 Third, any American company that is in Crypto or AI has the upper hand for investors right now with Trumps idea of keeping everything American by increasing tariffs worldwide (especially in China of over 60%). He is inviting more local manufuacturers and businesses to excel within America. So target for Nvidia will be set first to $200
NASDAQ:NVDALong
by Timonrosso
BITCOIN Weekly Chart Update !!Bitcoin has completed a cup-and-handle breakout on the weekly timeframe, accompanied by strong volume, which signals robust bullish momentum. This pattern is typically a bullish continuation pattern, suggesting that BTC has the potential to enter a strong uptrend following this breakout. The Ichimoku Cloud is also showing a bullish signal, with price action above the cloud, confirming a trend shift in favor of buyers. The cloud's bullish alignment suggests that the current rally has further room for upward movement, potentially setting BTC on course for new highs. However, pullbacks are common after breakouts as the price retests the previous resistance as support. A pullback to the handle or prior resistance zone would provide an opportunity for bulls to gather strength before pushing Bitcoin to new peaks. Key support levels to watch include previous highs or areas around the handle region, which should act as a launching point for the next leg up if bulls hold steady. Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other coin. @Peter_CSAdmin
COINBASE:BTCUSDLong
by CryptoSanders9563
ETH/USDT Chart Update !!The ETH/USDT chart continues to show bullish momentum, with price action having recently broken above previous resistance levels and showing strength. The upward trend seems intact as ETH moves within a large descending channel, and the breakout suggests the potential for further upside. ETH has broken the 200-day moving average (green line), confirming strong upward momentum. If the current trend persists, the chart suggests potential upside targets around the $4,200 to $4,800 levels. However, given today’s slight decline, it may be wise to retest around the $2,700 support area to confirm the strength of the breakout. As long as ETH maintains the new support levels, this setup looks positive for the long-term bullish scenario. Keep monitoring any potential pullbacks for a safe entry if you are considering new positions. Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other coin. @Peter_CSAdmin
Long
by CryptoSanders9563
TON Coin Breaks Out from Bullish Triangle PatternTON Coin Breaks Out from Bullish Triangle Pattern TON coin has broken out from a solid and large bullish triangle pattern, confirming that the bulls have taken control once again. It is likely to rise further in the coming weeks. I am looking at conservative targets, but it seems the market doesn't want to see this coin below 4.8, where there is a very strong support zone. The targets I am considering are quite reasonable: 6.1, 7.00, and 8.00. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
3
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FOREXCOM:NATURALGASLong
by Thief_Trader
1
BTCUSD Short-Term Analysis for 11/11/2024Disclaimer: This analysis is for informational purposes only and should not be considered as investment advice. Cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. Always consult multiple sources and conduct thorough research before making trading decisions. Time Frame: 1-hour Market Analysis: The market structure has formed a local high, indicating a sustained uptrend after breaking $81,600.00, accompanied by gradually increasing volume. Key Levels: Local Support (POC): $79,650.00 Primary Point of Control (POC 1): $76,443.00 Confluence dynamic support of 100-day moving average Secondary Point of Control (POC 2): $74,323.00 Confluence dynamic support of 200-period moving average Target: $83,000.00 Trading Bias: The chart analysis suggests a bullish trend, with prices above the 50/100/200 EMA. The price may retest support, potentially triggering an upward bounce toward a new high of $83,000. Point of Control (POC) Notes: The Point of Control (POC) at $79,650.00 serves as immediate support. POC 1 at $76,443.00 and POC 2 at $74,323.00 provide additional layers of support, reinforced by the 100-day and 200-period moving averages, respectively. previous chart with indicator: Join our Discord community! discord.gg
COINBASE:BTCUSD
by avatarfreak
5
Lingrid | BITCOIN breakout of 7-Month Consolidation ZoneThe price perfectly fulfilled my last idea. It hit the target zone. BINANCE:BTCUSDT made an upward impulse leg, successfully breaking and closing above the consolidation zone that persisted for over 200 days. The market has now tested the psychological level of 80,000, which raises the possibility of a pullback from this level. Typically, the longer the market remains in a consolidation zone, the stronger the resulting breakout tends to be. The last weekly candle closed with significant strength, forming a large bullish bar. I believe that the market may retest the around 50% level of last week’s candle range. My goal is resistance zone at 86,000 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
6
SOXL WEEK 11/11/24SOXL 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.*
AMEX:SOXL
by J3Trad3s
1
Technical Analysis of SPY (S&P 500 ETF Trust) for Nov. 12, 2024Overview: SPY is currently testing a significant resistance level following a notable rally from late October lows. The ETF has shown sustained upward momentum on the hourly chart, respecting the trendline drawn since the breakout. However, momentum indicators suggest the rally may be facing exhaustion. Traders should be on alert for either a breakout continuation or a potential pullback, depending on upcoming price action around this resistance area. Key Levels to Watch: Resistance Levels: $601.05: A critical resistance level that SPY is currently testing. A break above this could lead to further bullish momentum. $610.00: If SPY breaks above $601.05 with volume, $610.00 could be the next target for bulls. Support Levels: $589.84: The immediate support level. A break below this could signal a weakening trend and may indicate a retracement. $578.35: A more substantial support level to watch in case of a pullback, marking previous consolidation before the recent run-up. Indicators and Trends: Moving Averages (EMA 9 & 21): The EMAs on this chart have been a good gauge of trend direction, with the price remaining above both the 9 and 21 EMAs, which currently act as dynamic supports. As long as SPY trades above these EMAs, the short-term trend remains bullish. Volume Analysis: Volume shows signs of declining as SPY approaches resistance, indicating potential buyer fatigue. A breakout with strong volume would suggest conviction among buyers, while a drop-off in volume could lead to a consolidation phase or even a reversal. MACD Indicator: The MACD shows a potential bearish crossover on the hourly chart, hinting at a slowing momentum. Traders should monitor this closely; if it crosses below the signal line, it could reinforce a bearish outlook, potentially initiating a retracement towards the support levels. Trade Strategy and Actionable Insights: For Bullish Traders: Look for a confirmed breakout above the $601.05 level with above-average volume. If this occurs, consider entering a long position with an initial target around $610.00. To manage risk, set a stop-loss slightly below $589.84, as this level marks the closest support. For Bearish Traders: Watch for signs of weakness, such as a rejection at $601.05 or a drop below $589.84. If SPY fails to break out and begins showing bearish signals, short positions could be taken with a target towards the $578.35 level. Set stops just above the $601.05 resistance to limit potential losses if the breakout resumes. Final Thoughts: This is a pivotal point for SPY. A breakout above resistance with volume could propel SPY into new highs, while a rejection could spark a short-term pullback. Traders should closely monitor price action around these levels, as it will likely provide clearer guidance on the next trend direction. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trading involves risk, and it's essential to do your research or consult with a financial advisor before making investment decisions.
AMEX:SPY
by BullBear-Insights
2