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WTI Crude Oil Analysis: Key Levels & TargetsAlexGoldHunter TVC:USOIL Technical Analysis and Strategies for CFDs on WTI Crude Oil (1-Hour Timeframe) Chart Analysis Price Levels and Patterns: Current Price: 67.10 USD Falling Wedge Pattern: A typically bullish reversal pattern where the price is nearing the lower boundary, indicating a potential breakout to the upside. Target Price: 68.56 USD, which aligns with the upper boundary of the wedge and a previous resistance level. Support and Resistance Levels: Support Levels: 67.10 USD (current price level) 67.02 USD 66.77 USD Resistance Levels: 68.56 USD (target) 68.49 USD 68.29 USD Technical Indicators: Volume: Noticeable increase during recent price movements, indicating strong market interest. RSI (Relative Strength Index): Currently at 31.62, in the oversold territory, suggesting a potential buying opportunity. MACD (Moving Average Convergence Divergence): The MACD histogram shows a slight bullish divergence, indicating a potential reversal. Buy Strategy with Confirmations Confirmation of Breakout: Wait for a confirmed breakout above the falling wedge pattern. A close above the upper boundary of the wedge with increased volume would be a strong confirmation. RSI Confirmation: Ensure that the RSI is moving out of the oversold territory (above 30). MACD Confirmation: Look for a bullish crossover in the MACD indicator. Entry Point: Enter a long position once the price closes above the wedge with the above confirmations. Stop Loss: Place a stop loss below the recent swing low or the lower boundary of the wedge. Target: Set the target at 68.56 USD, as indicated on the chart. Sell Strategy with Confirmations Failure to Breakout: If the price fails to break out above the wedge and instead breaks below the lower boundary, consider entering a short position. RSI Confirmation: Ensure that the RSI is moving towards the oversold territory (below 30). MACD Confirmation: Look for a bearish crossover in the MACD indicator. Entry Point: Enter a short position once the price closes below the wedge with the above confirmations. Stop Loss: Place a stop loss above the recent swing high or the upper boundary of the wedge. Target: Set the target at the next support level, around 67.02 USD or lower. By following these strategies and confirmations, traders can make informed decisions based on the technical analysis presented in the chart. If you need further assistance or have any other requests, just let me know! 😊
TVC:USOIL
by Alexgoldhunter
COIN Price Analysis: Key Levels and Targets --If the price remains above $324.71 on a weekly basis, the first target is $355.55. A breakout above $355.55 would open the path toward the next target at $385. --Should COIN close 5% above $385 and hold that level, the price could potentially reach higher levels, with price range and Fibonacci targets becoming achievable over the longer term. --A close below $324.71 would shift the outlook, with $264 and lower levels as potential downside targets.
NASDAQ:COIN
by truthseeker6
EUR/USD short from 1.05993With the extreme bullish price movement on the dollar and the continual downtrend on the HTF of the Euro we can expect price to continue in its downward move. I can expect to see market open and Asian session consolidation before price pushes up taking the Asian session liquidity and reacting from my LTF zone to continue in its downtrend. This is further supported by the fact we see a large wick to the upside before seeing a strong bearish candle suggesting price strength is to the downside. It is also possible price could push up slightly further as we are beginning to see some HH and HL forming on the LTF signifying a retracement to collect more liquidity before price continues in its downtrend from a 6H supply above.
Short
by JamelCapital
REGN is oversold (the most since 1998)🐂 Trade Idea: Long - REGN 🔥 Account Risk: 20.00% 📈 Recommended Product: Stock 🔍 Entry: +/- 738.00 🐿 DCA: No 😫 Stop-Loss: 660.00 🎯 Take-Profit #1: 1,200.00 (50%) 🎯 Trail Rest: Yes 🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨 If you like what you see don’t forget to leave a comment 💬 or smash that like ❤️ button! — REGN is completely oversold (in fear of RFK) and so is the rest of the Pharma sector as well. Nevertheless, REGN is still printing money with double digit growth every year. The fear over political decisions in the US should be used to buy the Pharma sector. The last time REGN was that oversold was in 1998! For me, it is Novo and Regeneron. Both are long-term trades for several months. Upside potential is huge over the next 6 months. — Disclaimer & Disclosures pursuant to §34b WpHG The trades shown here related to stocks, cryptos, commodities, ETFs and funds are always subject to risks. All texts as well as the notes and information do not constitute investment advice or recommendations. They have been taken from publicly available sources to the best of our knowledge and belief. All information provided (all thoughts, forecasts, comments, hints, advice, stop loss, take profit, etc.) are for educational and private entertainment purposes only. Nevertheless, no liability can be assumed for the correctness in each individual case. Should visitors to this site adopt the content provided as their own or follow any advice given, they act on their own responsibility.
NASDAQ:REGNLong
by LGNDRY-Capital
DOGE → Consolidation ahead of rally to ATH $0.7400BINANCE:DOGEUSDT is taking advantage of the hype moment and is consolidating after a strong rally. The trigger for rally continuation is the area of 0.45 - 0.46. The coin has all chances to reach ATH Despite bitcoin speculation, a 10% drop in bitcoin, the main reason for which is profit-taking, doge continues to consolidate and does not react to the market noise. The big player interested continues to buy in the hope of continued growth. Technically, an ascending triangle is forming on the 4-hour chart and consolidation above MA-50, which indicates a rather strong interest from the buyer Resistance levels: 0.45, 0.463, 0.48 Support levels: 0.422, 0.400 Since the price is still inside the pattern, I don't exclude the possibility of retesting MA-50 or one of the key supports before further growth. But the break of the key resistance will be the reason for further rally towards ATH Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:DOGEUSDT ;) Regards R. Linda!
Long
by RLinda
47
A clue of where xrp can head based on it being a fractal of 2016Ok this will be a slightly extensive dive into how the current breakout move from the multi year triangle that xrp just broke out of has a high probability of being a fractal of the triangle pattern breakout move xrp did in 2016 that yielded explosive parabolic bullish price appreciation. I want to start with this image on xrp on the Monthly chart to show how the first monthly candle that confirmed the breakout of the 2016 triangle went up 287 percent and the first monthly candle confirming the current breakout went very similarly to around 283%. So since we already have it following that same pattern there, I’m gong to extrapolate where price could head from here if we are needed mirroring that same explosive move of 2016 with our current price action. If so, the very first spot XRP had a pullback and then consolidated into a bull flag before heading further up was actually at the 1.038 fib level which is just 13% or so above its previous all time high. If we were to do something similar today we could see xrp’s first real significant pullback consolidation around $3.75-$3.77. This is in line with certain chart patterns breakout targets I have in mallet time frame charts that I don’t have shown here. Other chart patterns in those smaller time frames have a targets around $3.80, $3.84 and some as high as $4.06 and then on the logarithmic chart as high as $4.77-$4.85. I think even as high as $45 would still fall in line with a standard deviation away from the 1.038 fib and would still retain the fractal if we were to reach the top logarithmic target before having that first pull back. We can see on the left of the chart above on the first triangle breakout, after it moved on from the 1.038 level the net level it rose to before the first significant correction s all the way up at the 1.618 (in blue). If Xrp were to maintain the fractal in current price acton then the 1.618 should be its destination to before the first ajar correction, and as you can see the 1.618 for the current Fibonacci retracement is all the way up at around $26!
BITSTAMP:XRPUSD
by DrDovetail
5
Monthly CLS range. AMD playing out. Shors in Distr. StageMonthly CLS range. AMD playing out. Short in the distribution phase you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. What is CLS? This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets. CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing. Good luck and I hope this educational post helps to become a better trader “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Short
by Dave-Hunter
2
Breakout Imminent: XRP Supported by 2018 Market Cap ATHXRP got swiftly rejected from the 1.272 Fibonacci extension ($161.46b) on Monday but found immediate support at it's 2018 market cap ATH of $128b. On the hourly, it is currently in a downward wedge having been rejected for a breakout 3x times, but supported 4x times by the ATH. It should breakout no later than Sunday, though a current resistance retest looks promising for an imminent breakout back up to try the 1.272 Fib extension once again at $161.46b. An XRPUSD retest of the $2.9 is likely. Failure to break this could see us pushed down to the 2018 market cap ATH to re-test confidence in the support level or further below to the 0.786 retrace at $100B / $1.75 on the XRPUSD which is also the 0.5 retrace level Longs at the $2.22 are a good call, with tight stop losses set to $2.15 incase support crumbles.
CRYPTOCAP:XRPLong
by TheDragonflyDoji_
3
More 4.23 Fib Doom Posting We'll touch on all the main concepts of the thesis covered here in this post but it's already extensively covered in the below related post. For full context it's best to read that first: My betting pattern through these fibs is always the same. I'm always interested in fading moves at the 1.27 - 1.61 fibs. If those break I am always looking for strong momentum to the 2.20 fib. If and when 2.20 - 2.61 fills I am always looking for reversal possibilities and if 2.61 breaks I always expect it to go parabolic to the 3.xx fibs - and I'll always come in to try and fade the move again around the 4.23 and the 4.23 spike out. If and when a 1.61 breaks my overall thesis dramatically changes. For example, heading into the 1.61 on NVDA at 450 I was interested in possible reversal trades. Once I seen the 1.61 was probably going to break my forecast changed to a rally of a close to 200% in NVDA to fill the 4.23 fib. 4.23 fibs are extreme polarizing events. Extreme polarising events are what I most like to trade. If something might go up 50% or might go down 50% and I only have to risk 5% to bet on one or the other, I'm going to take those bets every single time. I know I am not going to lose over 85% of them (based on historic testing - past performance does not .. bla bla). When we're at a 4.23 in the grand scheme of things there are only really two things I see happening and both of them are notable changes in the tone of the trend. At the 4.23 the trend is either ending or it is heading into hyper performance. Here's an example of hyper over performance. If we draw a fib from the high to low of Black Monday, we can see there was a weak stall and retest of the 4.23 and after that the scope to make money as a bear was extremely limited for a significant period of time. Interestingly enough, when a bear move did come - it was just a retest of the 4.23. To me, it's a total no brainer to fade the 4.23 fibs. Since I know it's likely to be a polarizing event I know I can fade the high probability level for a reversal and if it does not work I can just flip long and make all my money back quickly. The area in which I have to be wrong relative to the area I can get my money back long is tiny. My area of pay off in the event of the 1.27 retest relative to my area of risk is tiny. And almost invariably I am long into the 4.23 hitting - so I've usually made a lot more in longs than I can lose fading the resistance anyway. NVDA is a classic example. Made more than enough in the 1.61 breakout into the 3.xx fibs to cover all the possible zones I'd want to short and be wrong in a runaway trend. Exceptional reversals have happened at 4.23 fibs. Many of the most famous reversals in history came right on that level. Here's the Depression. Filled the 4.23. Crashed all the way to the 1.27 spike out. That happened in 1929. All these years later, the exact same thing happened in the BTC top. Topped 4.23 and dropped all the way to the 1.27 spike out. Kinda weird. Especially after making the 4.23 top. And these are classic expressions of the bust pattern. Here is the self-same pattern expressed in the BB bubble and pop, taking 20 years to fill all the phases. If you'd drawn a fib on the 2016 pullback then you'd have watched SPX spike above the 4.23 early 2020 and then crash to the expected support fibs. Even although this move was "Entirely unpredictable" and "Purely based on a Black swan event" - it traded level to level exactly as the TA template would imply, and that implied move could have been charted in many years before the levels filled. ==== Big 4.23s. Now we've covered some conceptual stuff that allows you to understand the context of the 4.23 decision levels - here's a dump of big ones that have now filled. NVDA MSTR GOOG VOO TSLA DJI All of these are either at their test point of the 4.23 or they're at areas where real make or break points are because we either have the 4.23 heads fake (setting up devastating reversal) or we have 4.23 breaks which complete annul any big bear cases for the foreseeable future. Now that we have these major decision points, the velocity of markets should increase. This is true of both the reversal and breakout setups. If the breakout comes, it makes the previous trend look trivial (and the previous trend was exceptional so that would imply hyper parabolic markets). And if the 4.23s are actionable resistance levels, we'd be in the final throw before a dramatic risk off shift in markets. Quite legitimately, the most interesting spot I think stocks have ever traded in my entire trading life. In 2009 at the low, this fib could have been drawn and from as early as then we could have determined a massive decision comes somewhere 5,000 - 6,000. Using that could have got you short the exact high of 2022. Now we're waiting to see what happens on the break or fake action above the 4.23. Which ever way it goes this is, technically speaking, the most important inflection point we've had so far. Multiple years of trend up or down will likely be decided right here in this spot. Exciting times to be a trader, whatever way it goes.
SP:SPXShort
by holeyprofit
7
UBER potential very strong new additionUBER is at an extremely attractive setup here. We have hit a multi month trend line again, with a strong pullback to the golden fib. This company keeps growing in all important metrics. There is FUD with waymo and tesla. What people dont realize is waymo has a partnership with Uber already, and move is also partially owned by Uber. Uber provides over 8 billion rides per year, their network effect and aggregation is extremely valuable. "In a digital network, value flows to the aggregator". Uber is the demand, many people cannot afford cars, people in cities prefer this product. Uber also has several company partnerships for longer term assistance. Uber is expanding in Latin America and Asia pacific. Gross bookings, total trips, and revenue continue to climb. This company will be a cash flowing machine once they turn on the switch. I am a very strong buyer here fundamentally, and TA wise. My target is well over 100$ on the yearly
NYSE:UBERLong
by Apollo_21mil
2