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Trendlineanalysis

MAHLOG is on the verge of breaking out of 2.5years old trendlineThe stock is attempting to breakout from a major trend line resistance that has kept the stock in a 'downtrend' for almost 2.5years now. A close above INR 400 could mean a quick run for the stock towards INR 420 level. Above INR 420 however is the region where the stock would almost 'fly' towards INR 500. But since 420 is a prior supply zone one could expect some congestion in the 400-420 zone before the stock takes out 420. INR 360-420 can also be considered as a long term accumulation range in the stock. The stock has spent almost 10-11 months in this range giving ample time to the interested parties to accumulate it for the future. A breakout above the trendline and also above 420 could provide some great momentum to the stock in coming weeks/months to scale up to INR 500 mark. Note*- The explanation of chart is based on personal opinions/observations. Please do your own research before making any trading/investing decisions.
NSE:MAHLOGLong
by neeraj_2_sharma
SOL/USDT Trading ScenariosWe are considering two scenarios for the SOL/USDT pair. After reaching the $68 level, the asset's price dropped to $51.08. At this point, there was a successful test of a strong inclined support level, followed by a confident rebound. Currently, due to the decline, an inclined resistance level has formed. First Scenario: Upon the third approach to the inclined resistance level and price consolidation below it, there is a possibility of entering a long position. The potential target is $60, with a second target set at $68. Second Scenario: If the decline continues and the price consolidates near the inclined support level, followed by a break above it and reaching $47.5 with a solid rebound and confirmation above $47.5 on high trading volume, there is consideration for entering a long position within this price range. The growth potential is estimated up to $60.
Long
by Rick_SimpleSwap
BTC/USDT ScenariosWe are considering two possible scenarios for the development of the situation with BTC. At the end of October, following a significant impulsive rise of BTC from $29,614 to $35,300 , there was an increase of more than 18%. In the following month, an ascending trading channel was observed, which was successfully broken after testing the upper boundary at $39,670. As a result of the breakout, the asset reached a price level of $44,436 , marking an increase of more than 11%. The first scenario focuses on the current overbought condition of the BTC price, which suggests the potential for a correction. There is a possibility of a downward corrective movement until reaching the upper boundary of the trading channel, located around $40,600, with a subsequent potential reversal. If the price remains stable at this level, there is consideration for opening a long position on BTC. In the second scenario, a significant price decrease towards the level of the highest volume POC at $37,100 is anticipated. From this level, a price reversal might occur, followed by a continuation of the upward movement. If the price remains stable at this level and there are signals for a reversal, we are also considering the possibility of buying BTC.
by Rick_SimpleSwap
💡 XAUUSD: Gold breaks all-time highSo the Gold price has officially broken its all-time peak and begun the search for a new peak. The chart below is a candlestick chart that visually represents the spot price of Gold on the OANDA:XAUUSD exchange. Based on the momentum indicator below, we can see that there is still a lot of room for Gold to increase, so maybe our main strategy in the near future for Gold should be to buy. The necessary strategy now is to consider Buy Limit. Avoid buying high to prevent risks
OANDA:XAUUSDLong
by Stone_Haven
GBP/USD - AnalysisAnalyzing the chart provided, it is evident that there was a break of the trendline earlier this month, followed by a reversal of the trend upwards. Currently, there has been a break of the supply zone and the 0.5 Fibonacci level, after which the price is undergoing a retest of the same level. The Moving Average Convergence/Divergence (MACD) divergence before the trendline adds further insight. The expectation is for the price to retest the 0.5 Fibonacci level and move upward to reach 1.3100 before the year 2024.
Long
by ekesam
XAUUSD: short-term BUY XAU strategyXAU has increased dramatically this morning, specifically in 2018 due to recognition from the FED, the end of the interest rate hike cycle, experts say that XAU will continue to increase in the near future Experts say that the current headwind for gold is still rising bond yields. Therefore, the market may be sensitive to important reports this week, including US third quarter GDP data. Although the US economy is expected to grow strongly in the third quarter, there are growing concerns about a slowdown in activity in the quarter. Looking at gold's technical picture, analysts note investors and traders should watch for initial resistance at $2,010 an ounce. If this level is broken, gold could rise steadily to $2,050/ounce, before hitting an all-time high of $2,082/ounce, predicts Fiona Cincotta, senior market analyst at City Index.
OANDA:XAUUSD
by FalCol_TradingMaster
BTC Daily Chart 22th November 2023In my previous idea i was expecting COINBASE:BTCUSD to make a double top formation before correcting. But BTC wasn't ready consolidating yet so instead of a double top it formed a head-n-shoulders formation. In both cases it's a bearish formation that could lead to a correction towards 32K (a resistance level that still has to be tested as support). Another sign that a correction is incoming, is the negative divergence on the RSI. While BTC price is forming an ascending channel we see a descending channel on the RSI, indicating the negative divergence which usually leads to a drop in price. On the other hand, BTC has tested 35-35,5k three times as support. Today we also read some positive news about the spot bitcoin ETF which could create positive momentum. Although i am seeying more bearish signals, it is still possible for BTC to regain strength and perform another rally towards 38K (and three times might be the charm on breaking this resistance). What do you think BTC will do next? Will we see a correction or a continuation rally?
COINBASE:BTCUSD
by Bullissimo
New All Time Highs On Nasdaq😈Hello Traders, My name is Philip and I am just an average stock and indices trader with over 4 years of trading experience💻 ------------------------------------------------------------------- ➡️In today's video, I will analyse the Nasdaq for you🫡 ------------------------------------------------------------------- ➡️Let me know your opinion about today's analysis in the comments below👇 ➡️I will only enter a trading position if ALL of my trading/entry criterias are met! Keep your long term vision! P.S. Trading is risky and most beginner traders lose money!
NASDAQ:QQQLong
by basictradingtv
5
Managing Positions with Parallel ChannelVideo tutorial: • How to identify downtrend and uptrend line • How to draw parallel channel correctly • Confirming a change in trend (using trendline itself) • Managing positions with parallel lines - Profits - Risks - Knowing its volatility Micro Natural Gas Futures & Its Minimum Fluctuation 0.001 per MMBtu = $1.00 Code: MNG Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
NYMEX:NG1!Education
by konhow
EURAUD 🤖AI Landscape: Unveiling Potential Support & ResistanceEURAUD Landscape: Unveiling Potential Support and Resistance Greetings, Esteemed Investors and TradingView Community, A s we delve into the intricacies of the EURAUD chart, we uncover intriguing trends and patterns that may shape its future trajectory. Today, we'll explore the insights gleaned from Support Vector Machines (SVM), a powerful machine learning algorithm that can decipher support and resistance levels. S VM has identified the blue zone, a potential support area, anchored by significant daily closes on September 29th and November 3rd. This zone has been instrumental in buoying the EUR against the AUD, propelling its price upwards. W hile the EUR experienced a continuous rally until encountering the purple falling trendline last week, this formidable barrier forced it to retreat to the support level established on October 20th. However, the combined strength of the September 29th rally and the subsequent surge on November 3rd could potentially break through this resistance trendline. E xtrapolating from the EUR's performance last week, we anticipate a continued upward movement. However, a correction is not out of the question, and its timing could significantly impact future outcomes. I f the EUR successfully breaches the resistance trendline, any subsequent pullback will not negate the overall bullish trend, and we will consider adjusting our targets upwards. Conversely, a reversal from the current support level would cast doubt on the bullish trend, prompting us to reevaluate our strategy and consider local trends between September 29th and today. C onsolidations often precede bearish market reversals. In such a scenario, we would contemplate opening a short position. C urrently, our long position initiated within the support zone boasts an attractive risk-reward ratio of 11. Please remember that this is not investment advice, and we strongly encourage you to conduct thorough research and consult with financial professionals before making any trading decisions. With gratitude, Ely
Long
by Elysian_Mind
BTC Daily Chart 9th november 2023In my previous idea i indicated the ascending channel in which COINBASE:BTCUSD is currelty moving. We had a recent retest of the bottom trendline followed by a rally towards the upper trendline. Usually ascending channels are a continuation formation so in a way i am hoping/expecting for a breakout BUT if we compare the trenline to the RSI indicator we can spot a bearish divergence, indicating a possible correction in the near future (we could already spot the divergence on the 4h chart and has now also formed on the daily chart, giving it more validation). So i would be cautious and look for confirmation on any next move (like a positive retest of the upper channel-line indicating it flipped from resistance to support). It's hard to predict how BTC will manage to get out of the channel (breakout or breakdown) but at least we have a range/channel to focus on. When BTC breaks the channel we can expect a more significant move.
COINBASE:BTCUSD
by Bullissimo
GOLD - Gold trading strategy on November 16World gold prices increased today (November 16), but conflicting US inflation data is increasing volatility and risk for precious metal investors. Traders' and investors' attitudes were more optimistic midweek following reports that the US consumer price index for October increased 3.2% year-on-year. CPI is forecast to increase 3.3% year-on-year, compared to a 3.7% increase in the September report. October PPI fell 0.5% from September compared to expectations of a 0.0% increase. 1% during this period. CPI and PPI data met the expectations of those who wanted to see the Federal Reserve pause its interest rate tightening cycle. Now, many Fed market observers believe that the US central bank will continue to pause interest rate increases in the coming months. US stock indexes were higher and at multi-week highs in midday trading, following sharp gains posted on Tuesday.
TVC:GOLDShort
by FalCol_TradingMaster