HelenP. I Bitcoin will continue to grow inside upward channelHi folks today I'm prepared for you Bitcoin analytics. The price has recently shown another confident bullish impulse, pushing higher within a clean ascending channel. The key moment was the breakout above the resistance zone, which had previously acted as a ceiling for the price. This breakout marked the continuation of a higher-high, higher-low sequence that confirms the strength of the ongoing trend. Then the market returned to retest this former resistance, now acting as support, and immediately bounced, reinforcing buyer control and validating the area as a foundation for the next move. Now BTC is holding firm in the upper half of the channel, maintaining its position above the trend line with little sign of weakness. This combination of sustained bullish structure, well-respected technical levels, and steady volume behavior suggests that the market is still preparing for higher levels. With the current structure and momentum, I expect BTCUSDT will continue its upward path within the channel. My goal is 108700 points, which aligns almost with the resistance line of the upward channel. If you like my analytics you may support me with your like/comment ❤️
Upwardtrend
Gold can correct to support level and then continue to move upHello traders, I want share with you my opinion about Gold. After studying this chart, we can track the progression of Gold's price action from strong bullish momentum to its current consolidation. Initially, the market trended confidently inside an upward channel, with steady growth supported by the lower boundary of the channel and occasional corrections after touching the resistance line. Each pullback respected previous support zones, a strong signal of buyer control at the time. The most impulsive move came after the price exited the buyer zone, followed by a clean breakout above the resistance line of the channel. However, once the price entered the seller zone, we saw the momentum start to fade. A strong rejection occurred near the resistance level at 3370, which eventually triggered a series of lower highs and shifted the market into a more neutral, range-bound phase. Currently, Gold is trading inside a defined range between 3205 and 3370. The bottom of this range aligns perfectly with the buyer zone, which already acted as a strong support during the last decline. We can also observe the market beginning to show signs of reversal after tapping the zone again. Given the reaction from the support area and the structure of the range, I expect the price can bounce back and make another attempt to reach the 3370 resistance level, which is my TP1 for this scenario. Please share this idea with your friends and click Boost 🚀
EGX30 Upward TrendEGX30 stock shifted to a higher zone, between 32,191 resistance line and 32,006 support line, reflecting the buyers' dominance over the sellers'. It is expected to not breach the resistance line at 32,191 points since that there is no historical trend, but in case of falling it's expected to reach the support line 32,147 then 32,094 then 32,006 points.
Anticipating Short-Term Prospects: What's on the Horizon?Kaspa indicates a bearish bias, particularly with the potential for further downside if the reverse cup and handle formation plays out. However, there is a possible bounce scenario near the key support around $0.125, which aligns with a long-term ascending trend line. If buying pressure increases, the price could see a bounce from this area, potentially targeting the $0.146 to $0.160 resistance levels.
The 20 EMA (red) is currently below the 200 moving average (purple), indicating continued bearish momentum. The price has recently rejected the 200MA, suggesting that this moving average will be a key resistance level on any bounce. Breaking above the 200MA at $0.146 would be critical for signaling a potential shift in momentum to the upside.
The BB Power indicator shows stronger selling pressure than buying pressure, reflecting ongoing bearish sentiment. This adds weight to the downside risk, though a bounce remains possible if the price holds support at $0.125 and selling pressure weakens.
Additionally, it’s important to keep a close watch on Kaspa since it seems volatile at the moment. Don't doubt the signs but hope for the best for a continuation in the upward trend.
Support - $0.125
Resistance - $0.180
Fear and Greed Index (Binance) - 72 Greed
BTC at crucial support - will uptrend continue ? BTC has always dictated how the market as a whole in the crypto space behaves and there is fear and indecision regarding the price of BTC, We can see that price has fallen to a crucial support level and despite being healthy movement we need to maintain the 64 K level to continue the Higher Lows and Higher Highs that upward market momentum requires.
I will be looking at this area for the day and trying to decide if and where to enter the market, This may be the spot to go long and aim high, which is secretly my bias, I do enjoy a higher high and a higher low. I will be trying to gain some confirmation on taking up a position at this level and will be adding to this idea as the day(s) go by and there is relevant info to catalog
Gold can leave triangle and continue to move up to 2430 pointsHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price started to rise in the upward channel and soon reached the buyer zone, but then it rebounded and little declined. After this movement, the price continued to move up and soon broke the 2265 support level, which is located in the buyer area. Next, XAU rose a little more and then corrected this zone, after which XAU in a short time rose to the resistance line of the channel and continued to grow near this line to the current 2365 support level, which coincided with the support area. When Gold reached this level, it at once rebounded and fell to the support line of the upward channel, after which the price made an upward impulse to the resistance line, thereby breaking the 2365 support level. Then Gold exited from the channel and entered to triangle, where the price at once turned around and in a short time declined to support line of this pattern. But later XAU started to grow and rose to the resistance line and recently it rolled down from this line. At the moment, Gold continues to trades near this line, and in my opinion, XAU can decline to support line and then rebound up, exiting from the triangle pattern, and continue to move up. So, for this case, I set my target at the 2430 level. Please share this idea with your friends and click Boost 🚀
📈 Vedanta Ltd: Riding the Upward Trend! 🚀Traders, let's focus on Vedanta Ltd today! 🌟 It's cruising within an upward parallel channel , consistently bouncing off support and surging higher. 🔄 Despite today's market turmoil, consider entering cautiously with trendline support. 📉 Options buyers can explore 250 to 270 CE for liquidity. Let's navigate these waters together! 💼📊
Remember, my analysis is a guide. Always conduct thorough research before taking the plunge.
Until our next rendezvous, may the markets be ever in your favor! 🚀📊
See you in the next post!
AVAX Continued its Upward TrajectoryAvalanche (AVAX)
Despite Bitcoin's recent decline to the $40,000 mark, AVAX has continued its upward trajectory this December. In the last fortnight, the asset has surged by 66%, hitting a new annual high at $42.96.
Currently, AVAX is undergoing a correction, with its price hovering around the support zone of $32.7-$34.7. The key resistance level to watch is $38.4. If breached, the coin might retest the higher resistance zone of $40.7-$43.0.
The future course of AVAX will heavily depend on Bitcoin's trend. A continued downtrend in BTC could potentially drag AVAX down to new lows, possibly to $30.5 or the $26.2-$28.4 level.
Bitcoin's (BTC) Continuous Bullish Trend Bitcoin (BTC)
Currently, Bitcoin's upward trend is still in play, but there's a noticeable weakening in buying strength. The asset is trading within a local sideways channel, bounded by the support level at $35,500 and resistance at $36,900. It is expected that Bitcoin will continue to fluctuate within this range over the weekend.
Above this current resistance level, there is a sellers' zone between $37,500 and $38,000. This range is potentially critical for the continuation of the upward trend and achieving new annual highs. Therefore, the next targets for buyers would be the $39,000 and $40,000 marks.
Hence, Bitcoin continued its upward trajectory marking a 14 days Bullish Trend ever since it crosses the $30,000 Threshold.
If a deeper correction occurs, Bitcoin might decline to the $34,800 level. Below this, the range of $33,400-$34,100 holds a significant number of buyer orders and could potentially act as a local bottom.
SBILIFE: A Promising Short-Term Trading OpportunityHello traders,
Today, let's set our sights on SBILIFE , a stock that's been on a consistent upward journey. Here's what you need to know:
Rising Trend: SBILIFE has been steadily moving in an upward direction, making it a compelling pick for traders.
Growth Potential: There's room for this stock to surge further, especially if it approaches near 1320 level.
Option Strategies: If you're an option buyer, consider 1350 or 1300 CE options. These could be strategic choices to explore.
Key Takeaway: It's important to note that this isn't an investment opportunity, but rather a trading prospect. If short-term moves align with your strategy, SBILIFE could be worth a closer look.
Your Strategy: Are you considering SBILIFE for your trading portfolio? Share your insights and thoughts with us.
Stay Updated: Keep following for more trading insights and opportunities.
Best regards,
Alpha Trading Station
Divergence on Petronet Weekly ChartThe weekly chart analysis suggests a potential upward movement. The 14-day stochastic oscillator has reversed from the oversold zone, indicating a momentum shift. Price found support at 220 level. A fresh divergence on the chart adds to the indication of an upcoming upward trend.
Buy at Market, Target at 235, Stop Loss at 218
Coinbase (COIN) on Upward Trend and Heading to 2023 ATH (Long) Recent ETF filings have placed Coinbase alongside serious financial players such as Blackrock. BlackRock has announced its plans to conclude a monitoring agreement with Coinbase , thereby addressing a key concern previously voiced by the SEC in its rejection of Bitcoin spot ETF applications.
The fact that the SEC action is not scaring investors away, is a bullish sign in itself. However, as more and more traditional financial institutions name Coinbase as Surveillance Partner in Bitcoin ETF filings, the more the price of NASDAQ:COIN will keep rising.
In addition to the above, any upward movement of Bitcoin and crypto, in general, is set to benefit Coinbase with additional revenue, partnerships and extra value created for customers and investors.
NASDAQ:COIN is up 11% today, 25% this week and 119% up year to date, despite the SEC issues and the crypto downturn. Many things are pointing towards the direction that Coinbase is here to stay, that it will survive the regulatory onslaught and will come out even stronger.
A long here is a safe bet imo.
RNDR price action analysis. Me again with another setup of RNDR/USDT. I have mentioned my analysis by showing that RNDR is slowing making an upward trend channel. I have used 12HTF and mentioned my bullish and bearish points in it. As the market is right now going down, some of the alts are performing in the upper direction, and RNDR is one of them because, from this new year on, RNDR is performing very well and has also touched ATH. Despite dropping on May 8, we can see the upward trend is still on the move. Let's see what happens in the upcoming market. Monday's opening is very important.
RNDR is following bitcoin price movements and consolidating on others. Things can get choppy too. be careful!
No matter where the market goes, I have mentioned my quick scalping idea for both bullish and bearish scenarios.
Please respond with your constructive criticism. #PEACE
#DYOR #Market #Neutralview #RNDR #CRYPTO
MPC - Still a long way to go to find harmony and balanceMPC (along with all refiners) appear considerably cheap to replacement value. MPC's chart pattern indicates it has placed in an upward sloping wedge formation.
PetroChina building refining capacity to the tune of $70,740 per refined barrel. This is above the industry average of $32,800. With these new figures in place,
industry replacement value offers a substantial upside. Cash Flow, Share Buy-Backs, Cash Levels are all strong!
CHFJPY BUY!!CHFJPY has been trading inside the given parallel channel since the start of 2020. a rather slow moving pair , but as of now i expect it to go up until the upper resistance of 127.8 in the near future ! to further strengthen the idea, currently a bat harmonic pattern can be observed on 1 hour time frame . As of now , my targets 1 and 2 are 127.05 and 127.8 respectively !
Right Shoulder Upward Up-to-DateHi traders. I updated the Head-and-Shoulders' template. My entry yesterday was antecipated but the setup is going well. The market Is double-bottommed and an 2-Day upward to the supply zone above 52k Is possible (higher high at least). It'll invalid the shoulder, off course, validating a Broadening Triangle top (short).
Great trading at all.
Similar dip compared to 1 month before first October rallyBefore the first rally in October there was a very similar 30% drop AND descending channel. In my mind this looks like whales and strong positions artificially dropping the price to get a better position before a rally. Not financial advice, just an observation.