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Trendlineanalysis

BTCUSD | MT Long H4 | Continuing The Run-Up?Pair: HTX:BTCUSDT Timeframe: H4 - Medium Term (MT) Direction: Long Technical Confluences for Trade: - Stochastics are in Oversold Conditions on D1 and H1 time-frames - Price action may face resistances from being at the bottom of a parallel channel, there is a support trendline going through and there is a demand zone area as shown with the horizontal trendline - Price is close to 32.8% Fib retracement Level - Targeting to trade this position between the Supply-Demand zones as shown with the Horizontal Trendlines Fundamental Confluences for Trade: - Market stabilization from geopolitcal risks and US's strong economic data is happening and may bring back risk appetite - Fiscal dominance concern on the USD may see people try to buy BTC as a store of value (IMO, still not a store of value but as long as the market feels so, I'll go with it first) - Further war escalation from the Israel-Iran tension may bring on risk-off moves and see the BTC fall Suggested Trade: Entry @ Area of Interest 61,500 - 63,500 SL @ 59,843 TP 1 @ 62,648 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 68,838 Risk-to-Reward @ Approx. 2.20 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
BINANCE:BTCUSDLong
by weekendanalyst
Gold’s 3-game winning streak, how to trade today? The gold four-hour line appeared in the form of a triple top. The K-line reached near 2400 three times, but all were blocked and could not get through. Overnight gold once again verified that the 2400 resistance was effective. The k-line starts to exert force from above the moving average and directly breaks through the moving average. At present, the k-line is pressed to the floor and rubbed. The lower support level is still around 2323, which is also the target level of short sellers. Trading strategy; short around 2380, stop loss 2390, target 2370-2361
TVC:GOLDShort
by Donald-king
BTC.D has NEVER Broken Above This Line! Ever.Traders, I know there's a first for everything but, as traders, we usually do our best work NOT guessing when that first will be. In this case, I have traced that descending purple TL back to sometime around November of 2016, which is nearly to the inception of dominance on this particular chart. In it's history, BTC.D has NEVER broken above our trend line with confirmation on the daily. You can observe a few wick ups but no body closes, let alone confirmation. Until we get a close above that TL with confirmation, I believe it's safe to conclude that we may see Bitcoin struggle a bit here vs. the Alts. Bitcoin needs to close above this trend line or larger cap alts, like Ethereum, will continue to outperform. Stew
CRYPTOCAP:BTC.DShort
by stewdamus
2
GOLD CONTINUES TO RISEGold has yet again hit record highs due to safe haven demand.the yellow metal has been rising steadily from march as investors are betting on interest rates cut by the Fed's this year. Another rulling factor for this rise is led by the depreciation of other currencies against the dollar which is causing the yellow metal to rise together with a strong dollar. The gold market is currently led by speculations across investors and retail traders so tell me what do you think will happen in the coming months? #forex #xau/usd
FOREXCOM:XAUUSDLong
by MATTHEWSJACK
JPM Earnings Next Week: Will Buybacks Hold Up the Stock?NYSE:JPM reached New Highs recently with a huge number of buybacks driving the stock upward so fast and so high. The big bank has also been busy gobbling up regional banks for two years now. JPM's floor traders, trading aggressively in a few key industries, are doing well. However, Revenues and Earnings were down last quarter over the prior quarter. And Volume is trending slightly lower over the quarter. An overextended run into earnings often sees profit-taking ahead of or on the day of the report. Smaller funds are in speculative mode chasing the buybacks. Why did smaller funds rush to buy on earnings last quarter? Year over Year comparisons show revenues and earnings are up. Year over year often distorts current values. What matters is the most current data, quarter over quarter, for the Buy Side Institutions.
NYSE:JPM
by MarthaStokesCMT-TechniTrader
Bitcoin - How To Trade AprilHello Traders, welcome to today's analysis of Bitcoin. -------- Explanation of my video analysis: Last month Bitcoin finally broke above and also closed above the previous all time high which was roughly at the $60.000 level. Considering that Bitcoin is in a massively bullish market, we could just see more continuation towards the upside. But if we get a retest of the breakout level mentioned in the analysis, you can look for long setups if you are not long on Bitcoin yet. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
BITSTAMP:BTCUSD
by basictradingtv
13
Apple - Go Long NowHello Traders, welcome to today's analysis of Apple. -------- Explanation of my video analysis: In 2019 Apple prefectly retested the previous all time high and started creating a solid rising channel formation. As we are speaking Apple stock is once again retesting the lower support of the channel which is perfectly lining up with previous resistance now turned support. If we see bullish confirmation on the smaller timeframes, I am looking for new long setups on Apple. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:AAPL
by basictradingtv
7
Check this out! Hits my line exactly! Long BTC.Traders, This is exactly why I love technical analysis so much! Check out what BTC just did. It hit my multi-year support/resistance trendline from 2019 with surgical precision. I mean ...to the penny (almost). And this just goes to show that when you put in the time and study the charts, you may find indications that no other analyst talks about. This is one such indicator. I don't know of anyone else that has mentioned this line. If they do, you should be listening to them. That said, I expect at least a bounce here. And I am going to play that bounce with a tight stop. I'm long BTC with an entry of just over 61k and a final target of 79-80k. Tight stop of 59,850 which turns the RRR into an 8-to1 ratio (keep in mind, selling may continue). Let's go!!! Stew
INDEX:BTCUSDLong
by stewdamus
Naukri: Breakout from Key Trend Line - Short Opportunity?Hello Traders, Critical Zone Breakout from Supply Zone Indicates Potential Downside Momentum, We have A Supply Zone, And We Breaked a Trend Line So, There is A Potential Move Downside. Please Note That The Only Purpose of The Information On This Page is Purely Educational. We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses. I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement. Thank You.
NSE:NAUKRIShort
by SuccessStrikes
2
📈GMX Futures: Potential Long Opportunities🚀🔍In the 4-hour timeframe, GMX exhibits a clear ascending trendline providing consistent support, yet to be breached. It once faked out the trendline, followed by higher lows, demonstrating resilience and breaking the resistance at 59.2 with conviction. 📈Following the break, two significant red candles with substantial volume are observed, serving as potential pullbacks. Should the current candle engulf the previous one, it presents a favorable opportunity to enter a long position in futures. Aim for a risk-to-reward ratio of at least 2, ensuring the use of stop-loss orders to mitigate potential losses. 💎For those waiting on the sidelines, patience until the trigger at 64.35 is advisable before considering entry. ✅The target for long positions, apart from the risk-to-reward ratio of 2, could be set at 71.66, although current price levels may pose a challenge for immediate attainment. 📉In the event of a reversal at 59.2, a more aggressive entry could be considered at 57.52 in lower timeframes. However, exercise caution and promptly secure profits to avoid substantial losses. 🐢For a more conservative approach, waiting for confirmation at 54.01 before considering short positions is prudent. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2.
by itsparham96
XRP Price: Breaking Above Weekly Trend Line for Bullish MomentumCurrently, the price of the XRP has reached the descending trend line from higher timeframes, which is identified by the highs of April 2021 and July 2023. Additionally, this trend line serves as the upper boundary of a symmetrical triangle. A similar symmetrical triangle pattern has also formed on timeframes from 1D and below, and the price of the asset has already managed to establish itself above it. In the current conditions of a bullish trend, it is more likely for the asset to to break above this weekly/monthly trend line and exit this huge triangle to the upside. Potential targets could be the values at the top of the symmetrical triangle, ranging from $1.53 to $1.96.
Long
by Deviantor_Wayne
A Divergent Signal!The candlestick indicates a divergence signal where the price closed above the MA line compared with previous candlesticks without significant results in volume. Therefore, an attempt to push the price towards next price peak resistance with low volume. MACD and RSI indicators indicate a positive trend, hence, support the price movement towards next price resistance. Let's save UMC in WL and watch out for significant price movement with result in large volume of stock been traded. R 0.685 S 0.620
MYX:UMCLong
by eskopitehmilo
📈 Aave's Weekly Analysis: Potential Breakout from Prolonged Con🔍Aave's price action in the weekly timeframe indicates the possibility of breaking out of its 658-day consolidation phase, potentially initiating an upward trend. ✅After breaking its trend line, the price has surged by 100%. Although it faced rejection from the 110-120 supply zone initially, a second attempt with significant volume and bullish candlestick patterns suggests a breakthrough. ⭐️The recent candlestick closure above this zone also validates the bullish sentiment, supported by Dow Theory principles. 💥Furthermore, the RSI oscillator entering the overbought zone indicates potential upward momentum, while the SMA25 indicator, alongside the price action, has bounced back after rejection from the supply zone. 🛒For investors considering adding Aave to their portfolio, setting a stop-loss at a minimum of $82 or a more conservative approach at $52 is recommended. As for targets, holding until the all-time high (ATH) could be a strategic option. 🧠💼This is not financial advice, and it is only my personal opinion on this cryptocurrency. Please do your own research before making any investment decisions.
Long
by itsparham96
1
What is GOLD next target: 2190 or 2112? Check today's analysis📣 Hello Mates! We can see that our gold buy target has been completed, and now gold is overbought. Our prediction is that gold will sell from the $2159.00 or $2169.00 area. After that, our sell targets are $2132.00 and $2112.00 🔑 Remember, money management is crucial. Before employing our analysis, please conduct your own research and refrain from investing more than 2% of your portfolio. 📈 Our Resistance Levels are spotted at: - 2160 - 2170 📉 And our Support Levels are set at: - 2135 - 2110 Stay tuned for further updates and trade smartly! 📊
OANDA:XAUUSDShort
by BigtimeFx
User Using different timeframes for analysisDrawing trendlines and channels is a fundamental aspect of technical analysis when trading GBP/USD or any other financial instrument. Here's how traders can effectively draw trendlines and channels on GBP/USD charts: **Drawing Trendlines:** 1. **Identify Trend Direction:** Before drawing trendlines, determine the direction of the trend on the GBP/USD chart. Trends can be upward (bullish), downward (bearish), or sideways (range-bound). 2. **Connect Swing Lows or Highs:** For an upward trend, draw an ascending trendline by connecting successive swing lows (the lowest points in price between upward movements). For a downward trend, draw a descending trendline by connecting successive swing highs (the highest points in price between downward movements). 3. **Use Multiple Points:** Aim to draw trendlines that touch as many price points as possible without violating the overall trend direction. The more points the trendline touches, the stronger it is considered. 4. **Validate the Trendline:** Once drawn, validate the trendline by observing how price reacts to it. In an upward trend, price should bounce off the trendline and continue higher. In a downward trend, price should respect the trendline as resistance. **Drawing Channels:** 1. **Identify Trend Direction:** Similar to drawing trendlines, determine the direction of the trend on the GBP/USD chart. 2. **Draw Parallel Lines:** After drawing the main trendline, extend it in both directions. Then, draw a parallel line that connects the highs (for a downward trendline) or lows (for an upward trendline) that are not connected by the main trendline. 3. **Adjust the Channel:** Ensure that both lines of the channel contain significant price movements within them. Adjust the channel if necessary to encompass as many price swings as possible. 4. **Interpretation:** In an upward channel, traders may look for buying opportunities near the lower trendline and take profit near the upper trendline. In a downward channel, selling opportunities near the upper trendline and taking profit near the lower trendline may be considered. 5. **Validation:** Confirm the validity of the channel by observing how price interacts with the trendlines. Price should generally respect the boundaries of the channel, bouncing off the upper trendline in a downward channel and the lower trendline in an upward channel. By mastering the skill of drawing trendlines and channels on GBP/USD charts, traders can effectively identify trend directions, potential reversal points, and trading opportunities in the market.
Education
by FrankFx14