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Trendlinesuport

What to buy and how to ride the commodity bull?Discussion: 1. Example on Natural Gas - breaking away from its range 2. Beginning stage of a “Growth” stage 3. Identifying and trading in its uptrend with multiple timeframes 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.
NYMEX:NG1!Long
by konhow
RSI & Fib analysis on LunaLast time the daily RSI was this low was late May 2021 when we retraced to 0.786 of the prior run, finding support here until going on an epic 2000% run over 10 months. Following yesterday's red candle we've bounced off the 0.786 fib of the retracement from said run, which coincides with a trend line I've had drawn in since this time last year. Reversing the first fib shows we reached just above the 5.272 at it's peak. Doing the same on the latest fib gives us a target of $614! Short term I expect a bounce to around $50. Will be keeping a close eye to see if we hold .786 and form bullish divergence
Long
by SlumberJack92
GBPCHF | Perspective for the new week | Follow-up detailsA follow-up detail on the GBPCHF was published last week (see link below for reference purposes) where we closed with around 60pips profit when the price hit our stop-loss. Now, the structure is tending to reveal to us another opportunity to give a buy situation another chance as the bullish trendline identified on the 1H time frame shall serve as our yardstick for a trend continuation. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
2
BTC struggles with resistance at $ 46.629.Hello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, price is moving above the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 44,587, if the support breaks down, the next one is $ 42,318 and $ 40,503. Now let's move on from the resistance line, as you can see, the first resistance is $ 46,629 which is currently struggling with price, if you can break it, the next resistance will be $ 50,940 and $ 55,175. Looking at the CHOP indicator, we can see that in the 4-hour interval the energy has been used up and is only just starting to slowly bounce back.
by cryptodailyuk
Will XTZ recover ?XTZ is trading in an ascending channel (Log Chart) since February 2020. Both trendlines was tested several times in the past. There are many multiple factors that affect all markets last days or weeks, like events on Canada, Biden’s crypto executive order or Russia – Ukraine conflict, etc. At the time of writing this report, XTZ is trading at $3.17, a further drop to $3.00 – 2.54 is possible, but not certain. A trendline breakdown, at its own, is not the proof of reversal. A break and close below the in the 1W TF may result in a deeper breakdown to $2.10. In the long run, with the current situations there is no worrying signs for a bearish reversal in the market. For long positions: Take profit targets are: $13.21, $15.73, $19.81 Stop loss or alerts below previous week or month low depending on your time horizon. In any case R/R ranges from 8.39 to 21.77. Consequently, it is a worthwhile trade/investment. Resistance zones in a new update. If I help you with your trading plan, like, follow me for more ideas & in my social media for more updates in the crypto market.
KRAKEN:XTZUSDLong
by Rhaonnor
SURYA ROSHNI TRENDLINE + 30 WEEK EMA SUPPORTNSE:SURYAROSNI is standing on its 1 year old trendline from which it has taken support 7 times. It has now taken its 8th support and looks like a good buy from here. The trendline was broken once but the bears wear trapped and the stock quickly climbed back. More buying can take place if stock gives breakout from the marked rectangle region, at price of 690-710 levels. From there it can test it's all time high of 860-870 levels. If stock sustains above all time high, it can be a good buy and hold.
NSE:SURYAROSNILong
by PriceActionSpotter
GBPUSD Watchout level defined FX:GBPUSD Watch out level is presented here for either side of trend Indications for either Bulls or Bears have been mentioned on chart My view is to watch out 0.382 Fib level (1.33699). Then decide accordingly. If sustained this level, it might be the end of downward trend. Price may retrace down before start uptrend, as slight divergence is observed on 1H RSI(14). On 1D timeframe, morning star appeared followed by spinning top, at 1D trendline support. The pair is moving in 1D channel S&R. Currently it took support from 1D trendline, but still it is at key area of value around 1.33488. If it continues downward trend, then further support might be around 1.31933. Please comment below for any suggestion, follow and hit like button if you like the idea. Thanks
by yousufrz
2
BNB > Trendline Support > Bull Run? Potential Target?Hello Friends, Hope you all are having a thrill in your trading journey. I am presenting you my analysis of Binance Coin. According to my technical analysis, BNB is following a trendline support. Now, we are expecting a fall to trendline and a rise! "My analysis is valid until We don't see a breakout from trendline" I hope my analysis is pretty clear to you guys. Kindly do your own research and follow proper risk management. Feel free to share your views in the comment section. Like and Follow! Best Regards, Shaswat Naman TradeThrill, India🇮🇳 Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Long
by tradethrill