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Bullishpattern

GOLD - Bullish BreakoutGOLD has recently broken the RANGE it has been in for the last couple of weeks. As you can see via the labels on the chart, GOLD initially produced multiple REJECTIONS from the RESISTANCE. Eventually, the RESISTANCE was BROKEN, changing from high volume resistance bounces to low volume RANGING. WE were in this RANGE for a couple of weeks, where I believe that GOLD was accumulating, ready to perform a BIG VOLUME move. This has now come to fruition as the RANGE has been broken BULLISH, where it's begun to produce HIGH VOLUME candles. I will be watching to see where it creates a rejection zone as GOLD is currently trading at ALL TIME HIGHS.
TVC:GOLDLong
by I3ig_Trades
Bullish Cup and Handle Pattern with Strong Momentum IndicatorsThis technical study relies on weekly timeframe observations, highlighting key technical patterns and volume dynamics that suggest a bullish outlook. As of today’s date (9:26pmAST), the 24-hour long volume stands at $28.59B, underscoring significant long interest in the market. With precise data from the weekly chart, the confluence of multiple bullish indicators suggests the potential for a retest or breakout beyond the all-time high. Analysis: Cup and Handle Formation : The first significant observation is the development of a classic Cup and Handle pattern, widely regarded as a bullish continuation pattern. This pattern, forming over a prolonged period, indicates a consolidation phase followed by potential upward momentum. The handle represents a minor retracement, which often precedes a breakout to the upside. Parallel Channel and Key Levels : Starting from the previous peak at 73,777, a parallel channel has been drawn down to the recent bottom at 52,550. This channel defines the current price action, showing a well-respected range within which the price has oscillated. The recent price action has been bouncing within the lower bounds of this channel, signaling that the market may be gearing up for a decisive move. The current trajectory suggests that if momentum continues, we could see a breakout of this channel, potentially pushing the price back toward the all-time high. EMA Support and Price Action : Another critical factor is the price's bounce off the 50-day Exponential Moving Average (EMA), which serves as a key support level. Historically, the 50-day EMA is a strong indicator of trend direction, and the recent bounce suggests renewed buying pressure. This move reinforces the bullish outlook and could indicate a sustained push toward breaking or retesting the all-time high. With the formation of the Cup and Handle pattern, the support from the 50-day EMA, and the market respecting the parallel channel, all signals point to a potential bullish breakout. The current long volume of $28.59B adds further confirmation of buying interest, aligning with the technical patterns that favor upside potential.
by x4fcqmrdz5
$320's easy pickings for SOL this run but can it hit $400?The chart illustrates a strong technical setup for Solana (SOL/USDT), showing a Cup and Handle formation alongside a fractally repeating pattern with hidden divergences in the RSI. Here’s a closer look at the critical elements and price projections: 1. Fractal Pattern & Hidden Divergence • At the beginning of the chart, there’s a fractal pattern that led to a parabolic rise in price during the 2021 bull market. • The hidden divergence seen in the RSI at that time highlighted a strong bullish momentum, with price making higher lows while the RSI made lower lows. This bullish signal preceded a significant price increase, reinforcing the fractal’s reliability. 2. Cup & Handle Formation • The most notable pattern is the Cup and Handle structure, which is a highly reliable bullish continuation pattern. This is a textbook formation where the price consolidates in a rounded bottom (cup) before a smaller consolidation (handle). • Currently, the price is emerging from the handle, and if this breakout confirms, it could result in a large upward movement. 3. Hidden Divergence (Again) • In the recent price action, there’s another hidden divergence in the RSI, similar to the previous fractal. This is a strong bullish signal, suggesting the current price movement may follow a similar path as the earlier parabolic rise. 4. Fibonacci Extensions & Price Projections • Fibonacci retracement levels provide key price targets: • 90% to ATH at $260.04: This level marks the approach to Solana’s previous all-time high, which could act as significant resistance. • 140% to new ATH at $326.66: This is the projected price target for the full realization of the Cup and Handle breakout. • 200% to Cup & Handle target at $400+: The ultimate bullish target lies around $400, based on Fibonacci 1.618 extensions, aligning with a major upside projection if the breakout sustains. 5. Price Projections • Short-Term Outlook: The price is currently testing the breakout zone from the handle. If confirmed, we could see a quick move toward $260 (previous ATH). • Medium-Term Outlook: Breaking past the ATH will set the stage for the next significant resistance at $326.66 (140% extension). • Long-Term Outlook: If bullish momentum continues and the fractal plays out, a $400+ target (200% extension) is achievable in a major bull run scenario. Conclusion The Cup and Handle pattern combined with the hidden RSI divergence and fractals suggests a high-probability bullish scenario for Solana. The key levels to watch are $260, $326, and ultimately $400+. As always, confirmation of breakout volume and broader market trends will be crucial for sustaining these bullish targets.
Long
by Blockbullder
ALLCARGO Logistics are Stablishing and Sustaining in PerformanceNSE:ALLCARGO ................................................................................................................................................................................................................................................................................................................................................... KEY BUSSINESS HIGHLIGHTS Global events coupled with high demand across trade lanes during the second quarter of 2024 (calendar year) has led toimproved volumes and increased freight rates. Demand is expected to continue through the peak season till end of theyear. LCL volume for the quarter ended June’24 stood at 2.25 million CBM, similar on YoY basis and representing a QoQ growth of6%. FCL volume for the quarter stood at 156K TEUs, similar to last quarter and up 9% on a YoY basis. ECU Worldwide onboarded a new leadership team in Argentina, Uruguay and Paraguay as part of growth initiatives in LatinAmerica. Contract Logistics business has reported a revenue growth of 13% on a QoQ basis and 22% on a YoY basis on the back ofincreased wallet share from existing clients. Express Business: Operating cost continues to get optimized to bring about future growth in EBITDA. For Q1FY25 EBITDAstood at Rs. 20 crores, up 11% YoY and 33% on QoQ basis ................................................................................................................................................................................................................................................................................................................................................... Supply chain market is estimated to be at ₹63,000 crores. • ASCPL is a leading pan india 3PL player with an expansive network • Market leadership in chemical warehousing and dominance in western India • Building strengths in auto & engineering and ecommerce ...................................................................................................................................................................................................................................................................................................................................................
NSE:ALLCARGOLong
by iism-ExpertTrading
Nifty RSI Super-Heated to 83% - Crash Coming ????On the Quarterly chart - the RSI indicator on Nifty is showing a value of 83% or more indicating it's in Over Bought Zone Back in Jan 2008, the RSI went to a high of 87% and Nifty subsequently crashed -52% from the Highs. After 16 years, the RSI on Nifty is climbing up beyond the 83% mark which indicates "Danger of a Correction" according to many Expert Analysts from Media Channels, Twitter and Telegram Please forward the below analysis to All those Pessimistic Technical Super-Zeroes -------------------------------------------------------------------------------------------------------------------- I say - What a "Ridiculous" Comparison of 2008 vs 2024??? The entire Technology world looks toward India as a Hub of Technical Brains, but those brains are just filled with Age-old Folklores and Pessimism. Technical Analysis is NOT a Geometry class to connect 2 dots from 20-30 years ago and say we had the similar situation back then and there was a Crash and the same thing will Repeat now. The entire market Dynamics has changed a lot. 1. First of all what's an Indicator? An Indicator is nothing but a Human written Algorithm (A Script) which consumes Buyers & Sellers Activity and volume of trades historically and does some simple "math". How does this Dumb Number Crunching algorithm understand external factors? 2. What Really Caused the fall in 2008? Think again closely - The 2008 crash was a Global Catastrophe caused by the Massive Conspiracy and Bankruptcy of Lehman "Buggers" (Brothers) in US which had a world wide impact. For those Technical Pundits who believe 2008 fall was due to RSI - read the Analysis below fully In this image - there is a comparison of Nasdaq Vs Nifty 50 between 2000 to 2008 and the RSI line is that of Nasdaq (not Nifty) In 2000, the market fell so badly in US and the RSI was around 98%. But in 2008, look at the RSI - it was hovering around the Healthy 60% mark which is treated as the Golden Levels of "Fresh Entry" by most technical analysts But US & the entire world crashed in 2008 due to Lehman Brothers issue - As the subprime mortgages underlying these securities began to default at alarming rates, investor confidence plummeted leading to a loss in trust in Lehman Brothers. Unable to fully recover all of their losses, Lehman Brothers were forced to file for bankruptcy Nifty was trading at RSI 90% back then, but US was trading at 60% RSI. So the fall here is NOT because of Indian RSI - but due to a Global event. RSI is like a Speedometer - it just indicates that you are driving at 80 / 100 and in every vehicle speedometer - there will be a RED zone which indicates Dangerous driving conditions. Does not mean, the Engine will fail. It just says that driving so fast is not safe. We should learn to do a Full Analysis - not just a Half-baked one connecting some dots with something else claiming Technical superiority Nothing is going to happen to US especially NOTHING will every happen to Indian Market until Apr 2028 where Nifty will face a 34 year long Parallel Channel Resistance as indicated in the main chart Disclaimer: Stocks-n-Trends is NOT registered with SEBI. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:NIFTYLong
by Stocks-n-Trends
Bitcoin Starting to show some strength ! Check this out.... Good morning everyone and welcome to another weekend session. Bitcoin is heading towards a very important demand zone, while still showing strong buying pressure. In my opinion, it will be very difficult for Bitcoin to drop around the 48k level with this buying pressure and the completion of a downward sequence, price is landing at point #6. this is very important because if we can see the liquidity and buying pressure this is showing the conclusion of a bearish trend So for this week, Bitcoin will probably show some liquidity, which will cause long wicks to the downside, indicating strength and a rejection of further decline. Most likely, by the end of this week or during the next, we will start to see an upward trend. Thankyou for your support Best Regards
COINBASE:BTCUSDLong
by RocketMike111
2
SWING IDEA - MATRIMONYStock seems to have successfully retested its Swing Low at 500 levels. A good support as well has formed at 547. Price Action is trying to break the old Lower Low Pattern and form a new move upward. MACD also seems to be slowly but steadily gaining momentum upward. The recent Google Play dispute could be making the stock move at a very slow pace. So far 547 seems to be like a good support zone. Although any new lows beyond 500 levels could only mean further disasters. Trade only with strict Risk Management.
NSE:MATRIMONYLong
by thepranam
SWING IDEA - ERISStock is currently trading near its Multi Year Support/Resistance zone of 836. While 836 has been a strong Resistance/Rejection point twine in 2018 and 2021, this has turned out to be a good Support point currently since Sep 2023 during multiple revisits. MACD Cross is also under play at this time. If all goes well, the stock could start seeing some new highs in the coming weeks. Stock has also had a good Earning report this past week, so lets hope for a move upward. Note: Stock has been consolidating in the same zone for nearly 6 months now. With good volumes, it could very well see new highs.
NSE:ERISLong
by thepranam