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Uptrend

JASMY WATCH: SIGNS OF A POTENTIAL UPTREND SHIFT ON THE HORIZONIn our latest technical analysis of the JASMY coin, we've observed several key indicators that suggest a possible shift towards an uptrend in the short-term timeframes. After closely examining price movements and market dynamics, our predictive model is signalling a bullish sentiment on the horizon. As a result, we are entering a strategic point of $0.020, with a stop loss set at $0.018 to manage risk effectively. Our analysis aims for a take-profit level of $0.0235, anticipating a favorable uptick as market conditions align. This potential shift is backed by a comprehensive review of volume analysis, pattern recognition, and momentum indicators, which collectively indicate a growing buying interest and potential for price appreciation. Investors and traders are encouraged to monitor these levels closely, as the anticipated movement presents a promising opportunity for those looking to capitalize on JASMY's evolving market dynamics.
Long
by HabshaCrypto
Bitcoin Analysis #1: Simple Plan & Strategy During the Bull RunWe can clearly observe that we are once again in an uptrend, which is certainly encouraging news. This resurgence makes a break below the current low of November 2022 at 15k seem unlikely. Thus, we find ourselves in a new bullish cycle, with a potential target of at least 100k. Personally, I believe that aiming for 150k to 250k in this cycle is quite plausible. This signifies numerous new opportunities in the realm of Bitcoin and cryptocurrency. Many altcoins are currently trading at lower levels, presenting a favorable opportunity to invest in the cryptocurrency market. Although, it's important to adhere to rule number one: avoid succumbing to hype and exercise patience . It's crucial to wait for an opportune entry point, ideally during a dip with a confirmed reversal pattern, or a breakout from a trading pattern within a favorable price zone. This is the essence of prudent trading. However, reaching the 100k mark won't occur immediately, especially without a significant pullback. Presently, it's ill-advised to enter the market, as mentioned earlier. In both investing and trading, patience is key, and it's better to miss out on an opportunity than to enter into a risky one . For me, now is the time to secure profits and reassess the market for a better entry point. The zone between 59k to 82k presents an opportune window to take profits, particularly if there are signs of a reversal pattern or divergence. Alternatively, one can progressively secure profits within this range and wait for a re-entry opportunity between 40k to 23k. Subsequently, it's prudent to await entry confirmation, such as a reversal divergence or another preferred indicator. Alternatively, one can gradually enter the market with buy limits at various levels between 40k to 23k. Regarding shorting, it's advisable to wait for a break above the previous all-time high. An entry for a short position can be planned between 70k to 82k, contingent upon identifying a suitable trading pattern. Profit-taking can occur at 50k, with the majority or all of the profits being realized at 40k. While it may be tempting to hold onto positions for potentially higher gains, it's essential to prioritize safety . At least 50% of profits should be secured at 50k and 40k levels. For me, a break below 18k confirmed with a weekly close below signals a significant shift. However, this doesn't necessarily imply selling Bitcoin outright. Instead, it suggests that new all-time highs may not be imminent , and we could potentially be entering a new downtrend. Nevertheless, Bitcoin remains a stable asset, providing the option to either hold or await a pullback to exit positions. This exemplifies the approach of smart trading. I'm back on TradingView, and I appreciate your support by liking my post. With your encouragement , I'll continue to provide more frequent updates on major trading pairs , perhaps even on a weekly or monthly basis. This post was crafted diligently by myself, taking over an hour to compose. I only utilize tools for text correction, not for generating content. Therefore, if you'd like to see more updates, please follow me. Thank you sincerely for your support.
BITSTAMP:BTCUSD
by LegoTonix
General Motors (GM): Charting a Course for SuccessGeneral Motors (GM): NYSE:GM General Motors has been added to our portfolio, starting our chart analysis from the COVID-19 low at $14.33. Since then, we've developed an overarching Wave (1) in blue and have also already completed Wave (2) at $26.30, characterized by an Expanded Flat and Zigzag correction. We are now in the midst of the overarching Wave (3), which is expected to exceed both Wave (1) and the local high of $67.06. The 4-hour chart provides a clearer view, indicating that we are currently near the conclusion of a circled Wave (i). In the coming weeks, we may see a downtrend towards Wave (ii), where the price should stabilize between the 50% and 78.6% retracement levels. The exact positioning of this phase is yet to be determined. Upon the first sign of weakness, we plan to place a limit order.
NYSE:GMLong
by freeguy_by_wmc
MCDOWELL-N: Riding the Upward Wave! Analyzing for Potential GainHello traders, Following the positive response to last week's study on AARTIIND , let's delve into another promising stock: NSE:MCDOWELL_N (United Spirits). 📈 Uptrend Observation: MCDOWELL-N has been exhibiting a consistent upward trajectory, bouncing off demand zones and charting higher. ⚖️ Strategic Entry Points: Anticipating potential upward movements, especially as it tests the demand zone below the CMP (Current Market Price). 💹 Derivative Trading: Derivative traders, consider the 1100CE option for liquidity. Monitor spot prices and buy the premium at opportune moments. 📅 February Forecast: With heightened volatility expected in February due to budget considerations, a watchful eye on market dynamics is crucial. 🧐 Trade Caution: Remember, my analysis is a guide, not a directive. Conduct thorough research before making any trading decisions. 📌 TradingView Wisdom: As TradingView says, "Look first, then leap." 🙏 Thank You: Grateful for your support! See you in the next post. Best regards, Alpha Trading Station
NSE:UNITDSPRLong
by AlphaTradingStation