i normally do only crypto, but i want to see if my charting style also works for stocks. After a bullish +380% outbreak back in september, NASDAQ:MSTR has made a bullish symmetrical triangle, the apex (point where support and resistance come together) is almost reached, if the uptrend breaks, the price might drop to around 220 - 230 dollar area. if price breaks out bullish , price could reach 600 - 800 dollar between january and februari 2025 hidden bullish diversion in the RSI on bigger timeframe, bullish breakout coming ? this chart is intended as training and NOT as financial advice
This is an update of my previous BTCUSDT BULLSIH FLAG PATTERN Idea 1.618 target reached while MFI is currently overbought above the 80 level and it is starting to point downward . I expect a pullback to grab liquidity and continue the strong bullish trend to the next resistance at 119.445. Good LUck
Wholesale Area: 0.82252 - 0.83236 Retail Area: 0.86250 - 0.85240 Average Price: 0.83353 The EURGBP currency pair is currently trading at a wholesale level with a 52-week range of 0.82252 to 0.87151. As we proceed, I anticipate initiating additional position additions at these levels.
Bitcoin has broken out of the 24hr potterbox. Its going higher we are all goin to be millionaires .
This is a long forgotten crypto I used to hold a lot of. GLM (formerly GNT) is a project building a distributed network for computing power. I have no idea what’s going on with the fundamentals but the chart, is very interesting. This is an 8 year long, very bullish, set up in my opinion. The risk to reward here is insane. I’m probably going to throw some cash at it very soon.(I bought at .422) The way I’m going to trade this is to buy here at .40 (I posted this on social media last night) Set a stop loss under .24 (risking ~40%) The target for a bull break of this pattern is over $20 So potentially ~5,000% gain. It also has a small market cap so it can move violently in either direction. If one was to throw in 1,000$ you might lose $500 You could also make like $50k I'll take my initial investment off the table at $4.00 Or I'll get stopped out at .24 It could happen next year, it could happen in January. The pattern is going to break eventually. This is a crazy, random, find and has massive potential IMO.
On Friday, BankNifty opened on a negative note, slipping to a low of 52264.55. However, it staged a robust recovery, reaching a high of 53654, and closed strong at 53583.80, gaining 367 points over the previous close. Both the Weekly Trend (50 SMA) and the Daily Trend (50 SMA) remain positive, reflecting sustained bullish momentum. Demand/Support Zones Near Demand/Support Zone (75m): 52264.55 - 52665.15 Far Demand/Support Zone (Daily): 51693.95 - 52197.25 Far Demand/Support Zone (125m): 51693.95 - 51906.90 Supply/Resistance Zones Near Supply/Resistance Zone (Weekly): 53741.40 - 54467.35 (tested)
I believe this could definitely be a high possibility with a high of 108k correction to 72k then a run to 120k plus.
DOGE Doge is poised to blast off either way. I think its going to start accumulating and building a base of which to launch into the stratosphere. It never made it to the floor of the potterbox. Brilliant strategy bye the way. we shal see. bounce and go to the upside.
FX:USDJPY AlexGoldHunter Technical Analysis Using Price Action Techniques Key Levels and Structures Support and Resistance Levels: Swing High: Around 153.758 Swing Low: Around 151.933 Current Price: 153.758 Break of Structure (BOS): BOS is marked at several points indicating significant price movements breaking previous highs or lows. Change of Character (CHOCH): CHOCH is marked indicating a potential reversal in the trend. Moving Averages Red Line: Likely a short-term moving average (e.g., 50-period MA). Yellow Line: Likely a longer-term moving average (e.g., 200-period MA). Indicators RSI: Current RSI is around 62.93, indicating the market is not overbought or oversold. MACD: The MACD line is above the signal line, suggesting bullish momentum. Buy Strategy Entry Point: Consider entering a buy position if the price breaks above the recent swing high (153.758) with strong volume. Confirmation: Look for a BOS above the swing high and ensure the RSI is not in the overbought territory. Stop Loss: Place a stop loss below the recent swing low (151.933) to manage risk. Take Profit: Set a take profit at the next significant resistance level or use a trailing stop to lock in profits as the price moves in your favor. Sell Strategy Entry Point: Consider entering a sell position if the price breaks below the recent swing low (151.933) with strong volume. Confirmation: Look for a CHOCH indicating a potential trend reversal and ensure the RSI is not in the oversold territory. Stop Loss: Place a stop loss above the recent swing high (153.758) to manage risk. Take Profit: Set a take profit at the next significant support level or use a trailing stop to lock in profits as the price moves in your favor. Conclusion This chart shows a bullish trend with potential for further upward movement if key resistance levels are broken. However, traders should watch for signs of reversal and use appropriate risk management techniques. Happy trading! ?? Follow @Alexgoldhunter for more strategic ideas and minds
On Friday, Nifty opened on a negative note, dropping to a low of 24180.80, entering the Daily Demand Zone. However, it staged an impressive recovery, reaching a high of 24792.30, testing the 15m Supply Zone, and closed strong at 24768.30, up 219 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is positive, signalling strength in the short term. Demand/Support Zones Far Demand/Support Zone (Daily): 23927.15 - 24188.45 (tested) Far Demand/Support Zone (75m): 23447.15 - 23578.60 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 24772.60 - 24857.75 (tested) Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (tested) Far Supply/Resistance Zone (Daily): 25739.20 - 25907.60 Far Supply/Resistance Zone (Daily): 26151.40 - 26277.35 Note: Resistance at 24700 breached: Nifty crossed this critical level and closed above it, a positive sign. Since Nifty is now trading within the Weekly Supply Zone (24567.65 - 25234.05), staying cautiously optimistic is recommended.