NVDA Breakout or Rejection? Major Levels to Watch NVDA is at a make-or-break point, and it’s time to pay attention! 🔥
Key Resistance:
👉 $137 is the line in the sand! A breakout above $137.49 could send NVDA rocketing higher. 📈
Key Support:
👀 If the rejection happens here, look for price to drop into the $132-$133 zone, where fresh opportunities might open for the bears. 📉
📌 Keep these levels on your radar — it’s shaping up to be a high-volatility move! Are you ready to take advantage? 🌊
MB Trader
Breakout
Swing Trade Setup for SATINDLTD & RPEL | Weekly & Daily TimeframSwing Trade Setup for SATINDLTD & RPEL | Weekly & Daily Timeframe Analysis
In this video, I provide a detailed swing trade setup for SATINDLTD and RPEL, analyzing both the weekly and daily timeframes. Using price action strategies, I identify key breakout zones, support/resistance levels, and potential trade entry and exit points. The focus is on capturing medium-term moves based on technical patterns that align with a strong risk-reward ratio.
Whether you're a seasoned trader or just getting started, this analysis offers valuable insights for your trading strategy. Make sure to watch until the end for my conclusions on the overall trend direction and targets.
TIA - Buckle Up: A Breakout is on the Horizon!I was waiting for another setup, and it’s finally here just before the weekly close! 📈
I expect this trade to hold above $5.23 for the first few days of the week. Once the base is established, I believe we could see new highs around $7 🚀, with a potential retest of $11 💰.
Check out my previous post; this has been on fire lately! 🔥
LSE:TIA will see new highs!
New Technologies Can Push Stocks to New HighsNYSE:CAT easily moved above the resistance highs from March and out of its sideways trading range, making new highs. The white candle on lower volume was interesting: intraday showed pro traders in control toward the end of the day as retail traders and smaller funds started selling prematurely. A resting pattern would be a lower-risk entry to prepare for the breakout.
Caterpillar, Inc. has new technologies coming to market. The company unveiled its new technologies for mining on Sept 24, 2024. It reports earnings on October 29th. If you are trading or holding this stock, check support levels but be patient.
SLF WYCKOFF WYCKOFF accumulation/distribution pattern on the SLF chart. Could this be the start of a reversal and a move up?? I think it could.
My reason is as a fresh new coin this is good for a Bullrun, little to no selling pressure as price rises due to no bag holders selling at break even from previous bull cycles.
A rounded bottom structure can provide a base for price to rally from, it proves a growing confidence from buyers, once the top of this mini range gets breached and accepted above it's a great breakout play.
ATH is at +156% from current price, and as I stated before there is little to no selling pressure on the way up either which will help this to grow quickly once it gets going. A project that is in its first Bullrun in price discovery is a great combination!
Euro can break support level and continue to declineHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price some days ago entered to pennant, where it at once made an upward impulse from the support line to the support level, which coincided with the support area. Then it rose higher than the 1.0930 level, but soon fell back to the support area, where some time traded and then finally broke the 1.0930 level. Next, EUR continued to move up to the resistance level, which coincided with the seller zone, and even broke it and reached the resistance line of the pennant. But after this, the price turned around and in a short time declined to support line of this pattern, breaking the 1.1105 level again. Later, EUR quickly rose back to the resistance line, but soon turned around and made an impulse down to the 1.0930 support level, thereby exiting from the pennant and breaking the resistance level one more time. Also recently, the price rebounded from the support level and started to grow. For this case, I think that the EUR can rise a little more and then break the support level and continue to decline. That's why I set my TP at 1.0850 points. Please share this idea with your friends and click Boost 🚀
EURO - Price can grow to resistance area and then continue fallHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some days ago price fell to resistance area, but soon broke $1.1005 resistance level and entered to flat.
In flat, price in a short time rose to $1.1175 level, which coincided with one more resistance area.
Also, EUR entered to this area, but soon turned around and made correction movement to $1.1005 level.
Then price made upward impulse resistance area, which coincided with top part of flat, but soon started to decline.
Euro made fake breakout of $1.1175 level and fell near resistance line, exiting from flat and breaking $1.1005 level too.
In my mind, price can grow to resistance area and then it bounce down to $1.0850
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Bitcoin - It Will Reach $100.000!Bitcoin ( BITSTAMP:BTCUSD ) will break out soon:
Click chart above to see the detailed analysis👆🏻
Everything, and I literally mean everything, is bullish on Bitcoin. The previous cycles, timeframes, market structure and price action are all pointing towards the continuation of the bull run which started in 2023. And a breakout above the all time high, is the next trigger.
Levels to watch: $70.000, $100.000
Keep your long term vision,
Philip (BasicTrading)
ABB India Ltd - Potential Breakout Targeting ₹9,130This analysis focuses on ABB India Ltd , where the stock is exhibiting a potential breakout from its recent consolidation phase, suggesting an upward move toward ₹9,130, which is 9.39% higher from the current level. The chart includes Fibonacci retracement levels, key trendlines, and technical indicators.
Key Highlights:
Current Price : ₹8,510.30
Fibonacci Retracement:
61.8% retracement level around ₹8,835 has been broken, which is a bullish sign.
Price is expected to reach the 100% retracement level at ₹9,130.75, indicating further upside potential.
Trendline Breakout
: The stock has broken out of a descending triangle, confirming a breakout, which is supported by increasing volume and momentum.
Technical Indicators:
RSI: Shows a gradual rise, indicating growing bullish momentum.
Moving Averages: The stock is well above its 50-day and 200-day moving averages, reinforcing the bullish trend.
Key Levels to Watch:
Resistance: ₹9,130.75 (100% Fibonacci retracement).
Support : ₹8,084 (50% Fibonacci retracement).
Conclusion:
With the breakout above the descending triangle and the stock holding above key Fibonacci levels, ABB India Ltd appears set for an upside move toward ₹9,130 . Traders should watch for sustained volume and monitor support levels in case of pullbacks.
AUD_NZD RISKY LONG|
✅AUD_NZD is trading in a
Local uptrend and the pair
Made a strong bullish breakout
Of the key horizontal level
Of 1.1040 which is now a
Support and as the pair is now
Retesting the new support
We will be expecting a
Further move up
LONG🚀
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USD/JPY eyes break of 150 and 200-day MA retestThe recovery from 140 has been nothing short of impressive. The daily RSI is confirming the rising prices on the daily chart, and momentum suggests USD/JPY wants to head for the 200-day MA around the 151 handle.
There are some concerns that that inflation could pick up due to the hot NFP report, so we may find that pre-emptive bets prompt a break of the August high to bring 150 into focus. Even if prices retrace lower first, dips are preferred and the bias is for an eventual move to 151.
BTC/USDT: Potential Breakout or Further Correction?"Based on the chart provided for BTC/USDT in combination with current market factors, here’s a comprehensive analysis of the price action and potential outlook for Bitcoin:
Technical Analysis:
Descending Channel:
The chart illustrates a clear descending channel where Bitcoin has been rejected multiple times from the upper trendline (as shown by red arrows). The price is currently within the boundaries of this channel.
The next possible move is a rejection from the current level, indicating another leg down to test the lower boundary around the $59,000 to $58,000 region.
Support and Resistance:
Resistance: The key level to watch is around $64,000, which has acted as a ceiling for Bitcoin in this descending trend. A successful breakout above this level, confirmed with a retest, could signal a reversal of the downtrend and the start of a new bullish cycle.
Support: On the downside, the $58,000 level serves as strong support. If the price breaks below this, further downside is possible, but a bounce from this region could lead to another attempt to break the upper channel.
EMA Indicators:
The price is trading between two key exponential moving averages (EMAs), suggesting a neutral sentiment in the market. A breakout above the EMAs would likely push BTC towards the upper resistance, whereas a rejection could lead to lower prices.
Fundamental Factors Influencing Bitcoin:
Strength of the US Dollar:
The USD has been strong recently, driven by expectations around Federal Reserve policies. A strong dollar often puts downward pressure on BTC prices as investors shift to safer, fiat-based assets.
Regulatory Concerns:
Bitcoin has faced increased scrutiny from regulators worldwide, particularly regarding its use in decentralized finance (DeFi) applications. Any unfavorable news on this front could exacerbate the bearish trend.
Activity:
While retail traders remain active, institutional interest in Bitcoin has fluctuated. Any significant inflows or outflows from institutional players could influence market sentiment, leading to sharp price movements.
Conclusion:
The chart suggests a cautious approach to Bitcoin in the near term. If the price fails to break the upper resistance, we could see a further correction down to the $58,000 support zone. However, if the price breaks out of the descending channel and moves above $64,000, it would signal a potential shift to a bullish trend, aiming towards higher levels. Keep an eye on news around the USD and regulatory updates, as
SUN/USDT Breakout Alert: Ready for 200-300% Gain!!Hey everyone!
If you're enjoying this analysis, please give it a thumbs up and follow!
SUN is showing strong potential! It has broken out of a bull flag structure on the daily time frame and is holding above the flag, signaling a bullish move. Buy now and accumulate more on dips for maximum gains!
Entry range: CMP and accumulate up to $0.0185
Target: 200-300% potential upside
Stop Loss (SL): $0.0158
What do you think of SUN's current price action? Are you spotting a bullish setup? Share your thoughts and analysis in the comments below!
MYRO Breakout Alert – Huge Potential Ahead!Hey everyone!
If you're enjoying this analysis, please give it a thumbs up and follow!
MYRO is looking incredibly promising right now! It’s breaking out of a symmetrical triangle on the daily time frame, signaling a major bullish move. This could be the perfect time to accumulate in spot and hold for huge profits! 💰
Entry range: $0.08 - $0.09
Short-Term Targets: $0.12 / $0.17 / $0.22
Long-Term Potential: 7x - 8x 🚀
Stop Loss (SL): $0.043
But let’s talk fundamentals too! MYRO isn’t just about the technicals—it’s a project focused on revolutionizing decentralized finance (DeFi) by offering advanced liquidity solutions and staking opportunities. With a robust roadmap, growing partnerships, and strong community support, MYRO is set to disrupt the DeFi space. As it gains adoption and expands its use cases, the token could experience explosive growth.
What do you think of MYRO's current price action? Are you seeing the same bullish setup? Share your thoughts and analysis in the comments below!
Looking bullish on BIDU! Potential big move?🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
JD.com (JD): Massive 97% Rally—What's Next?We mentioned Chinese stocks a while ago, and finally, they're starting to pay off—big time. We bought shares of JD.com back in July, and after a small dip, the stock soared an impressive 97% in just 65 days.
Shares of U.S.-listed Chinese companies are gaining momentum, fueled by continued stimulus efforts. September's PMI data beat expectations despite a decline in factory activity, which has further bolstered hopes for increased stimulus. Over the past week, JD.com's stock surged following the People’s Bank of China's aggressive monetary easing measures. The central bank reduced the reserve requirement ratio (RRR) by 50 basis points, bringing it down to 9.5%. This move will inject around 1 trillion yuan (approximately $140 billion) into the financial system. The increased liquidity gives banks more capital to lend, easing financial pressures on businesses like JD.com that rely heavily on consumer spending and economic confidence.
JD.com, often considered a barometer for China’s domestic consumption, has benefited significantly from this shift in sentiment, with investors betting that further stimulus measures could lead to increased consumer spending on e-commerce platforms.
From a technical perspective, there's not much left to say—we took some profits on JD.com, as this parabolic rise could either continue or see a pullback before another leg higher. All indications point towards further gains for JD.com, as it has smashed through all resistance and trend channels with remarkable strength. Our stop loss is set at break even, and we’re letting this trade continue to run.