Triangle
RDNTUSDT 4H - UP or DOWN ??? Tick, tock, tick, tock...RDNTUSDT 4H - UP or DOWN ??? Tick, tock, tick, tock...
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RDNTUSDT 4H - UP or DOWN ??? Tick, tock, tick, tock...
RDNT is about to break a triangular zone.
If it breaks the support we will be out of the value until we find a new interesting buying zone.
LEVELS:
SL: 0.060
TP1: 0.096
TP2: 0.1222
TP3: 0.1666
TP4: 0.23
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I share with you my technical analysis assessments on certain stocks that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Inform yourself, train yourself and build your own strategies when it comes to investing. I only hope that my comments help you on your own path :)
NETSOL potential Buy setupReasons for bullish bias:
- Price gave ascending triangle breakout
- Price bounce from strong weekly support level
- Price synched with RSI
- An excellent increase in its operating and net profit in comparison to last year
Here are the recommended trading levels:
Buy 1(CMP): 135
Buy 2: 117
Stop Loss Level: 105.00
Take Profit Level 1: 153
Take Profit Level 2: 161.16
Take Profit Level 3: Open
Gold Analysis==>>Symmetrical TriangleGold seems to have succeeded in breaking the Uptrend line and has also formed a Symmetrical Triangle pattern .
According to the Elliott wave theory , Gold has succeeded in completing the main 5th wave .
I expect Gold to at least fall to the Support zone($2,600-$2,580) after breaking the lower line of the symmetrical triangle .
⚠️Note: Tensions in the Middle East can directly affect the trend of Gold, so pay more attention to capital management.⚠️
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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Ford Motor Could Be Skidding LowerFord Motor fell sharply over the summer, and now traders may think it will keep skidding lower.
The first pattern on today’s chart is the bearish gap on July 25 after earnings and revenue missed estimates. That potentially reflects concerns about its growth and profitability.
Next, F's 50-day simple moving average (SMA) had a “death cross” below the 200-day SMA the following month. That may suggest its longer-term trend has turned bearish.
Third is the pair of monthly highs around $11.28 in August and September. The resulting double top, below the pre-earnings lows, may suggest new resistance has developed below old support.
Next, the series of lower highs in the last three weeks has created a potential bearish descending triangle for the automaker.
Finally, the 8-day exponential moving average (EMA) is below the 21-day EMA and prices are below the 50-day SMA. Those patterns may reflect bearishness in the short and intermediate terms.
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MYRO Breakout Alert – Huge Potential Ahead!Hey everyone!
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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!
TONUSDT → Bulls dressing up as bears... ↓BINANCE:TONUSDT can't get out of the downtrend, facing a rather strong seller (or lack of buyers, amid fundamental problems). The coin is setting itself up for a further decline....
The trend change started to show back in July, with strong momentum being generated amid strong outflows due to the market crash following bitcoin manipulation. In Agusta, the coin faced another problem - Pavel Durov's court case, which had an extremely negative impact on the system.
At the moment, buyers are turning around and have no fundamental and technical strength against the bear. The price is forming a pre-breakdown base relative to the key support at 5.16. A break of this area will open the way to 4.5.
Resistance levels: 5.38, 5.44
Support levels: 5.16, 4.7, 4.5
Buyers are trying to hold 5.16, but the pressure of bears, increasing on the background of bitcoin correction, is increasing, the sellers' strength is growing, which provokes the first to leave the game, close or turn around. In the short term, I expect a breakdown of support and decline
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:TONUSDT ;)
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GOLD SHORT VIEW
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
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ETHEREUM - Time to buy again!The BINANCE:ETHUSDT is in a ascending triangle now which means the price will increase and also It is expected that the price would at least grow as good as the measured price movement(AB=CD). also a bullish Hidden Divergence (HD+) on MACD which shows Positive Signs for ETH.
Note: we should wait for the breaking of the triangle and than make a move, If the triangle breaks, we expect a new ATH to occur, but in new year.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Bitcoin - Time to buy again!Currently, it can be said that Bitcoin has completed its fourth corrective wave and from now on, the price can be expected to rise to the top of the triangle.
If the triangle breaks, we expect a new ATH to occur, but in new year.
Recently analysis
(Daily)
And (weekly)
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
KASPA TECHNICAL ANALYSIS + TRADE PLAN 2024 BY BLAŽ FABJANTA+TRADE plan by Blaž Fabjan
Descending Triangle Formation:
A clear descending triangle pattern is observed with lower highs (resistance) and a horizontal support around the $0.14 level. This is typically a bearish pattern, but in some cases, it can lead to a breakout to the upside.
The current price is close to the triangle’s apex, indicating a potential breakout soon.
Support and Resistance Levels:
Resistance: The downtrend resistance line is around $0.145 to $0.15. A break above this level would indicate a bullish reversal.
Support: The horizontal support around $0.14 has been tested multiple times. If the price breaks below this, it could trigger a further decline toward the next major support at around $0.13.
Indicators:
Volume Moving Average Convergence Divergence (VMAC): There are visible divergences, suggesting that momentum might be building. The overall indicator seems to support a bullish divergence.
Relative Strength Index (RSI): The RSI is near the oversold region (~35.49). This suggests that selling pressure might be easing, and a reversal could be imminent.
Stochastic Oscillator: The stochastic is near oversold levels, which often precedes a bullish move if it crosses upward.
Hull Moving Average (HMA): The histogram is showing signs of reduced bearish momentum, with green candles suggesting a possible bullish shift.
Trading Strategy
Bullish Scenario (Breakout to the upside):
Entry: Consider entering a long position on a confirmed breakout above $0.145-$0.15 (the resistance line). This would signal the end of the descending triangle and likely lead to upward momentum.
Target 1: $0.17, which would align with the projected move from the triangle breakout.
Target 2: $0.19, a previous high and psychological resistance level.
Stop Loss: Place a stop loss below $0.138 to minimize risk in case of a false breakout or bearish continuation.
Bearish Scenario (Breakout to the downside):
Entry: If price breaks below the $0.14 support level with volume, it could signal a bearish continuation. Short positions could be considered in this case.
Target 1: $0.13, the next major support.
Target 2: $0.12, the next significant psychological support level.
Stop Loss: A stop loss above $0.145 (above the resistance) would minimize risk if the trade reverses.
To sum up:
The current technical picture is at a critical point with a descending triangle suggesting a potential breakout in either direction. The oversold conditions in the RSI and stochastic, along with possible bullish divergence, lean towards a bullish breakout. However, be prepared for a downside if the $0.14 support fails.
Monitoring the volume during the breakout is crucial to confirm the direction and strength of the move.
Anticipating Movement Towards Key LevelsThe XAU/USD is currently exhibiting a complex market behavior characterized by both bullish potential and significant resistance levels. I will closely monitoring the price action, particularly with hopes of a retracement to 2650.68 before targeting 2700. However, a decisive move below 2640 could deter buying interest.
GOLD IN WAITING LOUNGEGOLD made a high of 2685 and retracted from there. Currently forming symmetrical triangle pattern in 4hrs time frame
Within this pattern it can trade between 2634 to 2667
Looking for direction
Med term - Bullish
Very short term - Probability of limited downside to the tune of $100
Energy stocks poised for fresh ATHEnergy stocks (XLE) have been in a clear ascending triangle for some months now on the weekly chart. There was a false breakout not too long back, but the pattern held up after breaking down and price is again pushing up against resistance at the top of the triangle.
Having recently posted a massive green candle with the angst in the Middle East, coming weeks and months could bear witness to fresh all time highs.
Stonks go Up..Here's an Aggressive One. buy (risk capital) at 1 cent or 2, Wait for the Triple!!!
-Earnings on Aug. 20th.
-Net Income accelerating.
-Have reduced their debt to Virtually zil.
(Positive revenue. picking-up.)
.43 Quick Ratio
-Not a done Deal, though, company still needs to deliver
-good risk/reward ratio for a 'small' amount of Risk capital.
(Update) !!! Daily Chart Analysis (READ)POPCAT is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .
Previous Analysis
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
GOLD → Ahead of NonFarm Payrolls. What to expect from gold?FX:XAUUSD is in consolidation with gradually narrowing local extrema. NonFarm Payrolls are ahead and traders are getting nervous about further movement. Up for renewal of highs or a long-awaited correction?
Before NFP, traders resorted to adjusting positions, taking profits on the US dollar rally (reasons: strong employment and PMI data from ISM). The encouraging data weakened bets on an aggressive interest rate cut by the Fed. However, the decline in gold prices remains subdued due to heightened geopolitical tensions in the Middle East.
The future direction of the gold price will be determined by the upcoming US employment data. Gold could move into a correction if NFP shows an upside surprise, which would impact the USD rally and strengthen bets for a 0.25% Fed rate cut in November. Conversely...
Resistance levels: 2665, 2673, 2685
Support levels: 2653, SMA 200 & 50, 2640
The SMAs are narrowing, which could also be a hint of a possible correction (if there is a crossover). Technically gold is ready for a correction, but fundamentally, unpredictable news may affect further growth. Analysts are inclined to the beginning of correction on the background of strong economic data of the first half of the week
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EURUSD → The triple top is in the 1.1200 zone. Falling?FX:EURUSD is facing strong resistance forming a reversal pattern relative to the 1.1200 sideways range boundary. The bulls are not yet able to continue the trend. The dollar is bouncing....
On the back of unpredictable economic data confirming the problems in the US economy (manufacturing, banking sector), the markets are rebounding. DXY strengthens after the market held 100.0 support.
EURUSD reverses course amid sentiment changes. Price forms a triple top reversal pattern and faces a strong sell-off, within which breaks trend support. In the short-term, we may catch a correction to the imbalance zone (with the aim of retesting the previously broken channel boundary), after which the decline may continue to 1.100, 1.095, 1.089.
Resistance levels: 1.11, 1.1125, 1.115
Support levels: 1.107, 1.104, 1.100
ADP NonFarm ahead and before the news, the market may quiet down and form a correction. In case of EURUSD, the zone of interest is 1.11 - 1.113. The fall may resume from these zones....
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;)
Regards R. Linda!