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Render (RENDER) Breaks ResistanceRender (RENDER) Breaks Resistance, Community Rewards Program Sparks Hope Render (RENDER), a decentralized GPU rendering platform, has recently broken a significant resistance level at $7.45. This bullish development, coupled with the upcoming community feedback call for its Year 2 Community Rewards Program, has ignited excitement within the crypto community. Community Engagement Fuels Potential Render's commitment to community involvement is evident through its participatory rewards program. By seeking community input, the project aims to strengthen its bond with its users and foster a sense of ownership. A well-received rewards program can significantly boost token utility and demand, potentially driving price appreciation. Positive Sentiment and Market Impact Positive community interaction can create a positive sentiment around a project, which can lead to increased interest and investment. However, it's important to note that the broader cryptocurrency market conditions will also play a crucial role in determining the ultimate impact on RENDER's price. The $10 Target: A Realistic Expectation? While the recent price action and positive developments make the $10 target seem achievable within weeks, it's essential to approach such predictions with caution. The cryptocurrency market is highly volatile, and unforeseen factors can influence price movements.
Long
by Nashwan
2
HIMATSEIDE weekly swing trading analysis Chart Pattern Analysis • Ascending Triangle Pattern: The chart displays an ascending triangle pattern with a horizontal resistance near ₹180 and an upward-sloping trendline of higher lows. This pattern suggests accumulation with increasing demand at higher levels, indicating the possibility of a bullish breakout. • Key Resistance Level: ₹180 serves as a significant resistance level. Multiple failed attempts to breach this level highlight its importance as a hurdle for the price. Volume Analysis • Volume Confirmation: A pattern of declining volume during consolidation followed by a volume increase near the trendline suggests a buildup phase and potential interest in a breakout. Watching for further volume surges around ₹180 will be critical to validate any breakout. Price Action and Candlestick Behavior • Bullish Candlestick Patterns: The presence of bullish candlesticks such as Piercing Line and Hammer formations near the support trendline indicates strong buying demand at lower levels. • Trendline Support: The ascending trendline support, currently near ₹140-₹150, reinforces the idea that buyers are stepping in at progressively higher levels. Trading Strategy 1. Breakout Entry: Consider entering a long position if the price closes and sustains above ₹180 with strong volume confirmation. 2. Alternative Entry: For a more conservative approach, traders can consider entries on pullbacks to the ascending trendline near ₹145-₹150 if supported by bullish reversal signals. 3. Stop Loss Placement: A stop loss can be placed below ₹140, slightly beneath the ascending trendline, to manage downside risk. Aggressive traders may opt for a tighter stop below ₹150. Key Considerations • Volume Confirmation: Ensure any breakout above ₹180 is supported by a significant volume increase to confirm market conviction. • Market Sentiment: Broader market sentiment and macroeconomic factors should be considered as they can influence stock movements. • Risk Management: Adhering to a predefined risk-reward ratio is crucial to managing potential losses. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading and investing involve risks, and you should conduct your own research or consult with a professional advisor before making any investment decisions. The author is not responsible for any losses incurred as a result of trading decisions based on this analysis.
NSE:HIMATSEIDELong
by tintinhawk
NZDUSD → Consolidation before the continuation of the fallFX:NZDUSD amid bearish rally is not going to pull back, forming consolidation in front of 0.5894 with the purpose of continuing the fall... Last week the price tested the key support at 0.585, closing below the level, hinting that the market is ready to go further. The strong rise in the dollar is extremely negative for the forex market. The excitement has not subsided yet and most likely the current movements may get a continuation. Since we have a downtrend, we should prioritize selling from strong resistance zones or supports. Focus on the key range. Resistance levels: 0.5864, 0.588, 0.5912 Support levels: 0.584 Accordingly, I do not exclude the fact that the market may test the resistance in the format of a false breakdown and further fall. But, since we are close to the support now and the price is forming a pre-breakdown accumulation, we should consider a breakdown of the support in the first place Rate, share your opinion and questions, let's discuss what's going on with ★ FX:NZDUSD ;) Regards R. Linda!
Short
by RLinda
6
Vanguard S&P 500 ETF | Chart & Forecast SummaryKey Indicators on Trade Set Up in General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Vanguard S&P 500 ETF - Triangle 1&2 | Target Invalid/Valid - Double Top | Target Valid - Retracement | Center Uptrend Settings - Support=0(12345) | Wave 1 Active Sessions on Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management on Demand; Overall Consensus | Buy
AMEX:VOOLong
by TradePolitics
3
Bitcoin - 10 secrets and myths no one knows about BTC!Bitcoin is in the final stage of its bullish cycle! Buying at the current price will most likely lead to a massive loss on your account in 2025/2026. You want to buy when there is blood on the street, not when everyone is FOMOing in. The moonboys are back, and historically, that's a big sell signal. This cycle should end between 90k and 120k. Then expect a massive crash back to 50k. But let's take a look at 10 Bitcoin secrets and myths no one talks about. Before that, write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Bitcoin and blockchain are brand new technologies invented by humans on Earth. That's false. This technology is very old and is already in use on thousands of different planets in our galaxy and in other galaxies. This technology was brought to Earth from the outside. Bitcoin is decentralized and cannot be controlled. That's wrong. Bitcoin is controlled by the miners, and the FED and banks have full control over Bitcoin's development. You really thought that banks would ignore Bitcoin? In fact, they created it to replace the dollar and paper money (cash). Bitcoin will bring freedom to humanity. That's indeed incorrect. Bitcoin is part of the total control plan to create 1 world digital currency. That means 1 wallet per person on your government ID, monitored 24/7 (Bitcoin's transactions are public); if you do something wrong, you can get blacklisted and unable to pay. Everyone thinks that Bitcoin's maximum supply is permanently capped at 21 million coins. That's incorrect. This is the current setting of the Bitcoin program, and the supply can be very easily increased. Don't forget that Bitcoin is software, and every software can be modified. The practical supply of Bitcoin is infinite. Bitcoin is the enemy to the banks and will cause destruction of the banking system. This is very incorrect. The banks are here to provide you financial services, such as loans or keeping your money save. They don't really care if they borrow you Bitcoin or Dollar, as long as they make money on the interest, fees, and taxes. They borrow you 10 bitcoins, but you have to pay back 20 bitcoins. That's a good business, right? In fact, the banks love Bitcoin. It's getting long, so next 5 secrets tomorrow in this post in the next update. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
BITSTAMP:BTCUSDShort
by Xanrox
172
The chart appears to analyze copper CFDs on a daily timeframeThe copper market is showing bearish tendencies, with price breaking below a critical symmetrical triangle pattern. Here are the key insights: 1.Technical Breakdown: Price recently broke the lower boundary of the triangle, signaling a potential continuation of the downtrend. Strong selling pressure is reflected by increased volume. 2.Support Levels to Watch: Immediate support: $4.00 (psychological level near the 50% Fibonacci level). Key support: $3.85 (61.8% Fibonacci retracement and ascending trendline). 3.RSI and Momentum: RSI still hovers above oversold levels, leaving room for further downside. Moving averages suggest sustained bearish momentum. 4.Risk and Opportunity: Traders should watch for a retest of the triangle's lower boundary (~$4.20) as potential resistance before further declines. Break below $4.00 could open doors for $3.85. 📊 What are your thoughts on copper's next move? Let me know in the comments!
CAPITALCOM:COPPER
by AngshumanSaikia
#XRP - I am not crazy probably before i start remember this is pure speculation! so I missed my entry on the weekly ascending triangle by 1.5% approx this was/is a solid breakout & I wanted to see more data, my 2$ target is still valid now back to the chart in question, I zoomed out on bitstamp & we clearly have resistance coming up, simple question is will it break or reject? if this breaks out then sure my idea is invalid for now but if we do reject then what will be the best setup to add more or add fresh position on retrace???? i am looking at 2 setups at the moment no. 1 is a possible cup & handle that might form on weekly/monthly chart 2nd setup is the ascending triangle now this both setups are BIG IF, IF the resistance rejects If the price comes back to support if that support hold so many if's!!! but IF this works out this will be a trade for retirement or coin you can pass it on to your kids the simple way I am gonna trade this I will use 1% of my trading portfolio like I have used with others like GRT, AKro etc gonna divide them equally for both plan 0.5% -0.5% this is a multiyear trade so don't expect to hit target by next week IF this plan works it will take 2025 for it to breakout & who knows how much longer to hit target whatever it is it's gonna be fun to see how this pans out :D
BITSTAMP:XRPUSDLong
by Bromadic
4
PNB swing trading setupChart Analysis: 1.Descending Trendline: The chart shows a clear descending trendline acting as resistance, with the price making lower highs. This signals a prevailing downtrend, and any break above this line with significant volume could indicate a reversal or trend change. 2.Support Zones: •There is a key support zone near the current price level, as indicated on the chart. This level has held up on previous occasions, making it a potential bounce or breakdown point. •Below the main support, there is another secondary support level which could act as the next stop if the primary support breaks. 3.Resistance Level: The chart highlights a resistance level just above the current price action. If the price approaches this zone, it may encounter selling pressure unless accompanied by strong buying momentum. 4.RSI Indicator: The RSI appears to be in the mid-range, indicating neither overbought nor oversold conditions. This implies a potential for a move in either direction, depending on market sentiment and volume. Swing Trading Strategy: 1.Bearish Setup (Preferred Scenario): •Entry: Enter a short position if the price breaks below the support zone with a convincing candle (strong red candle on high volume). •Stop Loss: Place a stop loss just above the descending trendline or above the breakout point to minimize potential losses in case of a reversal. •Target 1: First target would be the next significant support level as highlighted on the chart. •Target 2: If momentum continues, you can extend the target further down to historical support or key psychological levels. •Trailing Stop: Use a trailing stop once you reach Target 1 to lock in profits if the price moves favorably. 2.Bullish Reversal Setup: •Entry: Consider entering a long position if the price breaks and closes above the descending trendline with strong bullish momentum and high volume. •Stop Loss: Place a stop loss slightly below the breakout candle to mitigate risk of a fake breakout. •Target 1: Aim for the immediate resistance level. •Target 2: If bullish momentum sustains, consider further targets based on historical resistance levels. •Trailing Stop: Implement a trailing stop after reaching Target 1 to protect profits while allowing room for further gains. Risk Management: •Position Sizing: Only risk a small percentage (typically 1-2%) of your total trading capital per trade. •Confirmation Signals: Look for confirmation with volume spikes and candlestick patterns before entering any trades. •Market Conditions: Consider broader market trends and sentiment as they can heavily influence individual stock movements. Additional Tips: •Be cautious of potential fake breakouts, especially around major trendlines or key levels. •Monitor volume; a lack of volume on breakouts or breakdowns can signal weak moves that may reverse quickly. Disclaimer: This information is for educational and informational purposes only and should not be considered as financial advice. Trading and investing involve significant risk of loss and may not be suitable for all investors. Past performance is not indicative of future results. You should do your own research and consult with a licensed financial advisor before making any investment decisions. The author of this content does not accept any liability for any losses or damages arising directly or indirectly from the use of or reliance on the information provided.
NSE:PNB
by tintinhawk
1
Potential Macro Channel on Bitcoin to keep an eye onThis ascending channel on the monthly chart has both pi cycle tops from the last two bull runs as key touches on the top trendline. The bottom trendline has lots of important key touches too. If we break above my other big wall of channels which I have posted in a previous idea, thie top trendline of this channel would be the next price I would be looking for for a potential bull market top. By next month the top trendline of this channel wlll be around 240k. The other wall of channels I have posted in the past has a current top trendline around 120k so it would definitely ahve to find aay to break up from that one first to have a chance to retest the top trendline of this one. Gonna keep a close eye on it. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
Textbook Ascending Triangle on the 1 hour!🚀 GME Market Update 🚀 We are excited to announce that GME has now formed a textbook Ascending Triangle on the 1-hour timeframe. We are officially locked and loaded. From the 15-minute chart up to the weekly chart, this setup is exceptionally rare. The anticipated breakout across all timeframes promises to be something remarkable. Here's a detailed breakdown: 15-minute chart: Ascending Triangle 1-hour chart: Ascending Triangle 4-hour chart: Bull Pennant Daily chart: Cup & Handle Weekly chart: Golden Cross Such a comprehensive alignment of bullish patterns is extraordinary. Prepare for a significant movement in GME.
NYSE:GMELong
by impossiblebull
5
15 min Pennant has now transitioned into an Ascending Triangle! Hey everyone! Just wanted to give you an exciting update for those tracking the Bull Pennant on the 15-minute chart. As of today, it looks like the Pennant has transitioned into an absolute textbook Ascending Triangle! Here's the breakdown of what we have across all timeframes as of today, 15-minute chart: Ascending Triangle, 4-hour chart: Bull Pennant, Daily chart: Cup & Handle, Weekly chart: Golden Cross Bullish patterns are lighting up across all timeframes, perfectly aligning with the recent surge in institutional buying. Given all this, I've never been more bullish on GME than I am right now. We are on the brink of making history!
NYSE:GMELong
by impossiblebull
1