NOSANA - 6 MONTHS OF GROWTH - TOP END TARGETS FOR ALTSEASONMany reasons to be bullish on Nosana!
Looking at the 3-day chart for NOS/USDT, we are currently at a critical support level that aligns with historical price action and the 0.236 Fibonacci retracement of previous move at $1.7884.
The chart suggests a long from this zone, with a trajectory towards the upper resistance levels indicated by the Fibonacci extensions. Key targets are:
Important Level 1: $7.9474 (Previous Highs)
Sell Target 1: $13.5159 (1.272 Fibonacci extension) (7x from these levels)
Final Sell Target: $26.5585 (1.618 Fibonacci extension)
I’ve marked the Sell Zone in red between $13.5159 and $26.5585. This is where I plan to begin offloading positions and look for a retracement or consolidation period, as the asset could become overextended.
Volume is picking up, and momentum indicators suggest the start of a reversal. The blue curve illustrates a projected rise in price action as the market starts to recover. I'm anticipating a significant increase over the next 192 days, with a potential gains of +2,000% to the $24-$26 price zone.
It's important to monitor how the price behaves in this area and whether it can hold above critical support levels like $1.79 and $1.27, or if it retests the lower boundary.
Disclosure: This is not financial advice. Please do your own research and consider your risk tolerance before making any trades.
Volume
Silver Analysis. H4 12.09.2024Silver Analysis. H4 12.09.2024
An interesting situation is fprming in silver. I haven't reviewed it for a while, but a cool pattern is forming now. The price is forming an exit to the upper boundary of the range and fixing near the margin. On the way we made accumulation and buyers' zone 28.50-28.85 in case of correction to which we can buy with targets to renew the highs. The main volumes remained at the bottom and will be a support for the price.
Understanding Crypto Market CapHello, Traders!
Navigating the cryptocurrency market can be a thrilling ride 🎢, but it's also a maze of data and trends. One crucial metric that helps guide investors through this complexity is Market Capitalization or MCAP. So, if you’ve ever wondered how to make sense of all the numbers and signals, understanding the cryptocurrency market cap is a great place to start. 👇🏻
What Is Market Cap in Crypto?
What does Market Cap mean in crypto?Market Capitalization (MCAP) estimates the total value of a cryptocurrency asset or the entire cryptocurrency market. It’s not just about a single price tag. Think of it as a way to gauge a coin’s overall market presence and potential.
How Is Market Capitalization Calculated?
The formula for calculating MCAP is straightforward: MCAP = Current Price × Number of Tokens in Circulation.
For instance, if Bitcoin (BTC) is priced at $70,500 and there are 19,666,425 BTC in circulation, the MCAP would be 70,500 × 19,666,425 = $1,386,482,962,500
But there’s also the Fully Diluted Valuation (FDV), which assumes all possible coins are in circulation. For Bitcoin, with a maximum supply of 21 million BTC, the FDV calculation would be 70,500 × 21,000,000 = $1,480,500,000,000
Why Is Market Cap Important in Crypto?
MCAP is more than just a number! It reflects a cryptocurrency’s stability, market position, and growth potential.
Stability: High MCAP cryptocurrencies are like large ships—they handle market waves more smoothly 🌊, tend to be less volatile, and offer more stability.
Growth Potential : While large-cap cryptos are stable, small-cap ones offer high-growth opportunities. It’s all about balancing risk ⚖️reward. So, make sure to DYOR first.
Liquidity: Assets with large MCAPs usually have higher liquidity, meaning they can be traded easily without affecting their price too much.
Categories of Cryptocurrencies by Market Cap
Small-Cap Cryptos: These are typically newer or lesser-known coins/tokens with market caps ranging from a few million to a few billion dollars. They can be highly volatile and risky but offer growth potential.
Mid-Cap Cryptos: These have market caps between a few billion and tens of billions of dollars. They provide a balance between risk and growth potential.
Large-Cap Cryptos: These are well-established assets with market values in the tens of billions. They are more stable and widely accepted. Examples include Bitcoin (BTC) and Ethereum (ETH).
Factors Affecting Market Capitalization
MCAP isn’t static. Various factors influence it:
Tokenomics: A coin's supply and demand dynamics affect its MCAP. Limited supply with growing demand can drive up prices.
Regulation: Legal developments can impact market cap, either boosting or dampening investor interest.
Market Sentiment: Investor mood, reflected in metrics like the Fear and Greed Index, can influence market cap fluctuations.
Technological Advances: Innovations in blockchain technology and new applications can boost a coin’s market cap.
Conclusion
Market Capitalization (MCAP) is a key metric for evaluating a cryptocurrency's value and stability, yet it is only one piece of a broader analytical puzzle. While MCAP provides crucial insights into a cryptocurrency's market position, it should not be the exclusive factor guiding your investment decisions. For a more detailed analysis, consider implementing additional indicators such as Volume and Circulating Supply, which are available on analytical platforms.
EUR/USD Trading Analysis With Volume ProfileOn EUR/USD , it's nice to see a strong sell-off from the price of 1.10400. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
The downtrend combined with the strong volume area with Weekly POC are my main reasons for this short trade.
Happy trading,
Dale
POPCAT Naked Composite TraversalStarting with a bit of context we're in an imbalanced bullish state on most timeframes (relevant to this potential trade).
Structurally we broke up from a 4 day balance area looking for higher prices.
Price stabbed into a naked 3 day composite, If we can get some trading inside the composite, I expect a full traversal to the upside ($0.70)
Thoughts on EURUSD before the ECB rate. H4 12.09.2024Thoughts on EURUSD before the ECB rate
I expect the euro to reach 1.0950-1.10 down to the area of option hedges and profile accumulation, and then continue to grow. Of course, there may be surprises, but this is my prior view. In detail we need to keep an eye on the new option fillings, they will tell us which areas will be hedged. The market is expecting a 0.25% rate cut, but the main movement will be given at the press conference on further ECB monetary policy plans. My subscribers and I closed our sales in the private channel yesterday.
NVDA rallied today with consistent strong volumeAfter a good cpi report NVDA rallied with momentum giving clues of more rallying to come
Rally stayed under resistance level which indicates for a sustained rally
Volume increased and remained steady during rally
RSI broke above 50 going into bullish zone. Hopefully SMA will follow
NVDA has started to form long term downward trend that began back in July. We need to watch out for this zone as a take profit area
Overall we expect the rally to continue.
SPY breaks key resistance with momentumAfter the cpi report SPY went from selling off dramatically in the morning to turning around rallying with strong momentum and volume.
CPI report brought a lot of volatility to the market today
SPY started selling then turned around quickly to break resistance
We note the increasing volume as the rally continues
The final period did end with rather undecided candle giving a sense of pause to direction it may go tomorrow
The strong volume on final period does indicate price exhaustion, we may experience pull back tomorrow.
Multiple down beaten stocks from previous sell off trend are now experiencing a massive rally breaking their trend and reversing to the upside.
Beginning of AUDUSD workout. H4 03.09.2024Beginning of AUDUSD workout
Yesterday in the closed channel I recommended subscribers
to look for sales of the Australian dollar from the strong zone
0.6790-0.6816 with the perspective of corrective
fall to 0.6640+-
The price gave a reaction in the morning and I believe that
the push down will continue. It remains to cover a major
growth candle and then I will increase sales.
It is also desirable that the cumulative starts
to grow on the fall, they often get after that.
Already right now, even at 0.1 lot almost returned
the cost of a monthly subscription
Technical Analysis of Kotak Mahindra Bank (KOTAKBANK.NS)Overview
The chart for Kotak Mahindra Bank Limited (KOTAKBANK.NS) shows a detailed technical analysis using a linear regression channel, volume indicators, and a trendline. This analysis aims to predict potential price movements based on historical data and current market conditions.
Linear Regression Channel
The linear regression channel plotted on the chart is a key indicator of the stock's trend direction and volatility. The channel is currently narrowing, which typically suggests a period of consolidation. This narrowing is happening alongside an increase in trading volume, indicating that market participants are actively trading within this range.
Volume Analysis
Volume is a crucial indicator in technical analysis as it provides insight into the strength of a price movement. In this chart, the increasing volume while the linear regression channel narrows suggests that there is significant interest in the stock at its current price levels. This could be a precursor to a breakout, as higher volume often leads to more substantial price movements.
Trendline Resistance
A trendline has been drawn based on the last three months of price data, acting as a strong resistance level. This trendline has been tested multiple times, reinforcing its significance. If the price breaks above this trendline, it could signal a bullish breakout, providing a lucrative trading opportunity.
Revenue and Market Sentiment
The recent improvements in revenue for Kotak Mahindra Bank add a fundamental layer to this technical analysis. Positive financial performance can boost investor confidence, potentially leading to increased buying pressure. Combined with the technical indicators, this suggests that the stock is poised for a potential upward movement.
Conclusion
In summary, the technical analysis of Kotak Mahindra Bank's stock indicates a potential breakout scenario. The narrowing linear regression channel, increasing volume, and strong trendline resistance all point towards a significant price movement. Traders should monitor this stock closely and be prepared to act if the price breaks above the resistance trendline.
NVDA - Swing Trade Idea NVIDIA (NVDA) is gradually recovering after the recent sharp sell-off. We saw a structural shift with the recapture of the X-POC (Xtructure Changing Starting Point) around $102.50, where buyers stepped in, forming a high-volume node (HVN).
Following the X-POC recovery, NVDA gapped up, closing above this level and establishing a new point of control (POC) with significant volume at $105.
Today, NVDA opened strong but, as anticipated, encountered resistance just before the N-POC at $110.61. Bears took control, driving the price back down to the previous day’s POC at $105.
The key for the rest of the day is maintaining a close above $105. Ideally, closing above $107.10 (today’s POC) would strengthen the bullish case. However, if we see further declines, the critical support remains at the $102.50 X-POC.
Looking ahead, tomorrow's CPI report will likely set the tone for the FOMC meeting next Wednesday, potentially clearing the path for a return to all-time highs. For now, bulls need to break through the $110.61 N-POC and hold above it. If achieved, we could see rapid movement towards the $118 POC, with resistance expected before reaching the final target at the $126 N-POC.
0.55 Fibonacci retracement Good volume build up in daily time.
Expecting good volume build in weekly time, if that didn't happens then setup fails.
Price taking support form 0.55 Fibonacci retracement. Wait for weekly conformation.
Fundamentals are good.
FII stakes are up.
NOTE: I do my analysis, do yours before trade.
FTM Balanced Up As you can see FTM respects a lot the Composite Market Profile Value Areas.
It broke into from below, retested, then traversed to the upper side, on three lower composites.
I was scouting price under the wick (first RR tool on chart) for a quick SFP liquidity grab, but it didn't gave me that opportunity.
Another lower RR opportunity would be at the retest of the Range VAL (pink arrow), with a target at about $0.507 at the naked time POC & vol POC.
BTCUSDT. Buying opportunitiesHello traders and investors!
For a month, I followed the previous analysis. Now, I’ve decided to create a new one. Let me remind you of the setup.
Quotes:
On the 8-hour time frame, a sideways range has also formed. The lower boundary is at 53,485, and the upper boundary is at 71,997.
On the 2-hour timeframe, the seller's vector 8-9 has reached the target of 56078. The volume and delta are conducive to gathering stop losses below the level. The quick recovery by the buyer after the breakout and the candle closing above 56078 increase the likelihood of the price dropping below the local low of 55606. For the buyer's range vector 9-10 to play out (with a potential target of 62745), it would be prudent to accumulate volume and push the price below the local low of 55606.
In fact, the price followed the assumptions. What’s next?
On the daily and 8-hour timeframes, the buyer absorbed the seller's candle and formed a buyer's zone. At the same time, on the 8-hour timeframe, the seller touched the lower boundary of the range at 53,485, from where the buyer resumed.
On the 2-hour timeframe, the seller manipulated the level of the beginning of the buyer's last impulse (56,078) at point 7 of the range. The price is currently above this level.
All these factors favor searching for buy opportunities.
I f the buyer defends 56,078 , potential targets are
58,519, 59,005, and 62,745, 65000 on the 2-hour timeframe,
61,166, 62,198, and 70,079 on the 8-hour timeframe,
and 61,166, 62,745, 70,079, and 72,797 on the daily timeframe.
Good luck with your trading and investments!
ONDO Potential Upside Market Profile Traversal
Potential Setup:
ONDO finds itself under a 3 day market profile composite (formed by 28-30 Aug).
If price can find acceptance above $0.64 CVAL (composite value area low) either by breaking it convincingly OR by spending enough time above it, we may end up with a full composite traversal to the upside CVAH at $0.67.
Overall Bias:
The high time frame bias is bearish, but that won't affect this small trade. The mid time frame will flip bullish with the mentioned acceptance. And the short term bias is currently bullish.
Structure:
Market Structure is good. We are currently breaking (to the upside) and retesting the value area high of another 3 day composite.
Waiting for USDCHF to rise. H4 10.09.2024Waiting for USDCHF to rise
The franc got a beautiful culmination on Friday with a false takeout of the support level around 0.84. The price gave an upward reaction and overlapped the culmination candle. Usually in such cases make an internal pullback and upside as shown in the scheme. We bought in a private channel at 0.8410 and also wrote about it immediately, as I bought it myself. According to the options, we will continue to grow to the area of 0.8750 with intermediate fixation near 0.8600. On options, we are still in a strong oversold zone, so the upside potential on the near-term contracts is pretty good as well.
NVDA showing signs of a reversalNVDA broke under neath major support level friday over fears of recession looming then reversed course Monday.
breaks through downward resistance trend
breaks back above major long term support
RSI shows strong turn around
One down side is volume is slightly decreasing during the turn around. Not a clincher, just noting it.
We are now seeing a number of good signals that NVDA is reversing course and getting ready for a turn around.
Technical Analysis of Super Micro Computer Inc (SMCI)Upon analyzing the stock SMCI , we observe a significant turning point starting in 2022, following a long period of sideways movement where the stock struggled to break above the $40 level.
After this prolonged sideways phase, the stock broke out with a clear upward trend, highlighted by the ascending trendline (green), characterized by higher highs and higher lows.
Following a year of gains, the stock entered a consolidation phase but then broke out again to the upside with strength, accompanied by a substantial increase in volume.
After reaching a peak in March 2024, the stock began a downward phase that is still ongoing.
Potential long entry points, where the stock might bounce or change trend direction, are found in the following two support areas:
Support area S1;
The POC 1 area.
If the stock begins to rally again, it will be crucial to monitor its behavior as it approaches the descending trendline (green), which could serve as a more conservative initial target.
More ambitious targets are POC 2 and resistance R1, both within a price range of $900 to $1,000.