I have been long this name for a few months now in my investment account. I have added more today with a stop on the added position size just below today’s low. There are some very big names in this ETF, it invests in AI learning as well as Quantum Computing. It looks to me to be in a Volatility Contraction Pattern (VCP), more popularly called a wedging pattern. I went long more shares as indicated above in anticipation of a break above the declining upper trendline. It also is supported by both the 8 and 20 EMAs and has consolidated to get more inline with the 50 DMA (red). If you like it, make the trade your own and make sure it fits your trading plan. Look at the fund holdings in “More About Fund” link supplied by TradingView. Here are some of the names you might recognize: NASDAQ:KLAC NYSE:IBM NASDAQ:PLTR NYSE:RTX NYSE:BABA From Defiance ETF Website: QTUM Index Description: The BlueStar® Machine Learning and Quantum Computing Index (BQTUM) tracks liquid companies in the global quantum computing and machine learning industries, including products and services related to quantum computing or machine learning, such as the development or use of quantum computers or computing chips, superconducting materials, applications built on quantum computers, embedded artificial intelligence chips, or software specializing in the perception, collection, visualization, or management of big data.
GBPUSD is trading inside a Bearish Megaphone structure. The price got rejected 2 days ago on its top. A crossing under the Rising Support will be a selling validation much like December 18th. This break out hit Support A before rebounding. Stay bearish as long as the Megaphone holds and target 1.2100 (Support A). Previous chart: https://www.tradingview.com/chart/GBPUSD/kA1KQD9O-GPBUSD-Bearish-Megaphone-starting-new-wave/ Follow us, like the idea and leave a comment below!!
NASDAQ:OM just unlocked a whole new level. DAMAC—Dubai's real estate powerhouse—is bringing SEED_TVCODER77_ETHBTCDATA:1B of assets to @MANTRA_Chain’s blockchain. This deal is just the start. The real-world asset market is HUGE, and NASDAQ:OM is in the driver’s seat. #RWA #MANTRA #Layer1
NYSE:SNOW as of today has tested the breakout / resistance area Six times in the last 9 trading sessions. Today it tried again but it is hard to fight the market trend. However, the more it tests this area the more likely it is to successfully breakout. As always, there is no guarantee that it will or will continue higher. I am long this name at 186.90 and have a stop just below the most recent low @ 175.25. Once it breaks out and holds, I will use a trailing stop on the 21 EMA (green). It will need to close convincingly under the 21 EMA. Let’s see what happens. If you like this idea, please make sure it fits your trading plan.
Xrp ( CRYPTO:XRPUSD ) is still 100% dominated by bulls: https://www.tradingview.com/x/CBQGVkS2/ Click chart above to see the detailed analysis?? With the massive +650% rally over the past couple of months, Xrp perfectly broke out of a long term ascending triangle formation. We already saw a retest of this previous resistance which is now turned support and Xrp is now simply starting the continuation of the bullish rally. Levels to watch: $2.0, $4.0 Keep your long term vision, Philip (BasicTrading)
I see a 78.6% retracement of the previous move, And potentially a wyckoff spring. If we get a strong bounce here, Uptrend should continue.
Gold / XAUUSD is currently on the bullish wave of a long term Channel Up holding since October 6th 2023. The overbought 1day RSI draws comparisons with September 26th 2024 and October 27th 2023, which made a short term pull back but continues the bullish wave to a new high nonetheless. So far the 3 main bullish waves were +18.68%, 22.50% and 22.00%. Based on that, the bad case scenario for the next High is 3000. Follow us, like the idea and leave a comment below!!
Historical Trends: A Bullish Q1 for RWA Projects and BINANCE:OMUSDT ? As we enter 2025's first quarter,I'm noticing a significant shift in the crypto narrative. While previous Q1s were about DeFi and L2s, this year's focus is crystal clear: RWA Tokenization. Why? The signs are unmistakable: @BlackRock's Larry Fink pushing for SEC approval on tokenization @DAMACOfficial's SEED_TVCODER77_ETHBTCDATA:1B tokenization deal with @MANTRA_Chain Major institutions entering the RWA space But what's truly fascinating is MANTRA's position in all this. As the first regulated L1 specifically built for RWA tokenization, BINANCE:OMUSDT is perfectly positioned to capture this momentum. So,will Q1 2025 be the quarter where #RWA projects dominate? I'm confident it will be. With #MANTRA's SEED_TVCODER77_ETHBTCDATA:1B DAMAC deal is just the beginning, the stage is set for BINANCE:OMUSDT to reach top 10 where it belongs. The smart money isn't waiting. They're positioning early.
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Nasdaq is trading inside a Triangle pattern, which rejected the price on its top today. As long as it holds, it is more likely to see a decline towards the 0.786 like both prior bearish legs. A cross above the Triangle though, will be a bullish break out targeting the 2.0 Fibonacci extension. Trading Plan: 1. Sell on the current market price. 2. Buy if the price crosses above the top of the Triangle. Targets: 1. 21050 (Fib 0.786). 2. 22900 (Fib 2.0 extension). Tips: 1. The RSI (4h) is testing its Rising Support trendline. A break confirms the bearish signal. A rebound, raises the chances of a Triangle break out. Please like, follow and comment!!