#W The price is moving in a descending channel on the 1-hour frame and sticking to it well We have a bounce from the lower limit of the descending channel, this support is at 0.3700 We have a downtrend on the RSI indicator that is about to be broken, which supports the rise We have a trend to stabilize above the moving average 100 Entry price 0.3780 First target 0.3928 Second target 0.4138 Third target 0.4311
Fundamentals - Good Valuations - Fair PE - Reasonable Fund activities - On point Recent history - Went down due to derating Is now re-rated Funds shake us retailers out to build large positions
Here's a brief update on ⚠️DOGS: Since my last analysis on DOGS, the market has formed a clear bullish pattern known as the ascending triangle on the daily chart. This pattern indicates a bullish accumulation phase and suggests a strong possibility of a subsequent upward movement. To confirm our approach, we will wait for a bullish breakout above the triangle's resistance level, along with a daily candle closing above it. This could set the stage for a potential rise to 0.00099 and then to 0.001. On the other hand, if we see a bearish breakout of the triangle's trend line, it could signal a significant downward move.
H4 still uptrend, this is my analysis on btcusd.. Can check and double confirm with your own analysis
#CHZ The price is moving in a descending channel on the 1-hour frame and sticking to it well We have a bounce from the lower limit of the descending channel, this support is at 0.1250 We have a downtrend on the RSI indicator that is about to be broken, which supports the rise We have a trend to stabilize above the moving average 100 Entry price 0.1300 First target 0.1340 Second target 0.1392 Third target 0.1455
Kween AI movies as philosophical art with dark humor - next big thing? It is irresponsible to recommend the purchase of kween, I only note an exceptional chart and something new has arrived the crypto space. Worth checking out for some inspiration. If kween plays her cards right, this could be something. I don't want to call kween memecoin she is something else even though the chart is similar to a pumping meme coin. With a market cap of around 17 million, it could be a big fall or an explosion.
Usually an ascending channel like the one that is part of the bullflag on dogecoin’s 1 day chart beaks to the downside, except inside a parabolic phase of the bull market cycle. In the parabolic phase of a bull market cycle you can see several back to back rising wedges and ascending channels break to the upside so since we are really only 1-2 daily chart pattern breakouts into this current parabolic phase for the alt coin market, I think probability favors this ascending channel breaking upwards. If it does we also have the benefit of it being not only a channel but a bullflag as well and the target for such a breakout is around 75 cents. Furthermore if you flip to the weekly channel you would see that there is potential for the pole to be even longer than shown here on the daily timeframe, so I wouldn't be surprised if doge were able to overshoot the 75 cent target even. I noticed that the channel had valid trendlines on both the wicks and the candle bodies on both the bottom and top thats why the trendlines are doubled up, *not financial advice*
Hello traders, I would like to discuss the DXY (U.S. Dollar Index). The price has reached the monthly Fair Value Gap (FVG), and all the buy stops indicated on the chart are now in play. Additionally, the daily and 4-hour timeframes are showing signals that suggest a downward movement. After a pullback to the 107 zone, this could present a good opportunity for a short position. --- If you have any specific areas you’d like to focus on or further questions, feel free to let me know!
Nifty Trading Plan for 09-Dec-2024 Previous Day's Chart Pattern: On 08-Dec-2024, Nifty displayed a range-bound movement within the No Trade Zone (24,674 – 24,780) , with intermittent attempts to break out on both sides. Buyers showed interest near the liquidity zone around 24,484 , but resistance at 24,780 capped upward momentum. The yellow zone signified consolidation, green highlighted bullish efforts, and red depicted bearish dominance. This creates a balanced yet cautious outlook for the next trading session. Trading Plan for 09-Dec-2024: Gap-Up Opening (+100 points or more above 24,780): If Nifty opens above 24,780: The immediate target will be 24,878 . A sustained move above this level may lead to a test of the profit-booking zone at 25,053 . Enter long positions above 24,780 with a stop loss at 24,730 . Watch for rejection patterns near 24,878 for partial profit booking. In case of a sharp reversal from 24,878, the index could retrace toward 24,780. Avoid aggressive longs if rejection occurs at higher levels. Risk Management Tip: Opt for slightly OTM call options in small quantities. Use trailing stops to secure profits near resistance zones. Flat Opening (Within the No Trade Zone 24,674 – 24,780): A flat opening within the No Trade Zone requires patience: If Nifty breaks above 24,780, initiate longs with targets of 24,878 and 25,053 . On the downside, a fall below 24,674 can lead to a retest of the first buyer’s support at 24,484 . Initiate shorts cautiously with a stop loss above 24,700. Risk Management Tip: Avoid overtrading in a sideways zone. Wait for clear breakouts before taking positions. Avoid weekly options in choppy zones. Gap-Down Opening (-100 points or more below 24,674): If Nifty opens below 24,674: First support lies at 24,484 . If this zone holds, we may witness a reversal toward 24,674. Look for bullish candles to confirm long entries. A break below 24,484 will likely test the liquidity zone at 24,446 or deeper support at 24,374 – 24,338 . Enter shorts below 24,484 with a stop loss near 24,500. Risk Management Tip: For gap-down scenarios, consider put options with a spread strategy to limit losses. Avoid chasing price movements without confirmation. Summary and Conclusion: Nifty's key levels to monitor are 24,674 – 24,780 (No Trade Zone), 24,878 (Opening Resistance), and 25,053 (Profit Booking Zone). The green zones represent bullish trends, yellow highlights consolidation, and red indicates bearish zones. Focus on executing trades only after confirmation and manage risks with disciplined stop-loss placements. Disclaimer: This analysis is for educational purposes only. I am not a SEBI-registered analyst. Traders are advised to do their research or consult a financial advisor before trading.
As indicated earlier, we have tested the previous height and we are now going to test the peanut again to break the previous height. I expect the first target to also be around 50 cents. Possibly slightly higher due to extend fib to 1,618 and then we see 52 cents. After completion, correction to previous high before we gain momentum to test the ATH. Have a nice weekend! Be kind to the world and each other