Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Based on technical factors there is a Buy position in : ? RADUSDT ? Buy Now ?Stop loss 1.190 ?Target 1.600 ? R/R 2 ?RISK : 1% We hope it is profitable for you ❤️ Please support our activity with your likes? and comments?
Market is slow because of Christmas. What possible scenario we have at moment? As Market rejected multiple times from 2632 resistance area also rejected from bottom support2690. Gold is on Rising wedge here 2610 support is playing a crucial role,as i mentioned in my yesterday commentary if any H4 candle below 2610 we will trade on bearish side till 2590, will be our first traget. On the other hand,if XAUUSD remain above 2610 it will be in rising wedge,our eyes will at 2632 first and our optimal target will be 2660.
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Reason for Entering This Stock Today: This stock is currently showing strong bullish momentum across multiple timeframes. Here's my rationale for entering: Weekly and Daily Uptrend: The stock is trending higher on both the weekly and daily charts, confirming sustained strength in the bigger picture. I'm looking to align my trade with the dominant trend. Testing Key Anchored VWAP and Demand Zone: Price is testing an important anchored VWAP level and a prior demand zone, areas that historically attract buyers. This confluence of support strengthens the probability of a move higher. Intraday Structure: On the 30-minute timeframe, the stock is forming higher highs and higher lows, a clear sign that buyers are stepping in and maintaining control. This adds further confidence to the bullish setup. Trade Execution: I entered this position this morning with my stop placed at the low of the 30-minute timeframe, keeping my risk defined and manageable. Remember, trading is personal—pick your own stop level and adapt the trade to fit your own strategy and risk tolerance. This setup looks ready to go, and I’m eager to see how it plays out! Always trade with a plan and manage your risk effectively. ?
Here’s an analysis of the DXY on the 1-hour chart, with your updated target of 107.100: Current Analysis Trend Overview: The dollar index (DXY) is in a clear downtrend on the 1-hour chart, forming lower highs and lower lows. Momentum indicators like RSI are likely staying below 50, reinforcing bearish sentiment. Key Resistance Zone (108.100): This is the potential sell zone, where the price may face rejection. Look for a bearish candlestick pattern at or near this level (e.g., shooting star, evening star, bearish engulfing) to confirm the entry. Support Zones on the Path to 107.100: Intermediate Support 107.500: DXY might consolidate or bounce slightly here, as it's a possible reaction point. Final Target 107.100: This aligns with a major support level from prior price action or Fibonacci retracement zones. Indicators to Watch RSI: If RSI is below 40, it confirms strong bearish momentum. Any divergence (e.g., higher low on RSI while price makes a lower low) near 107.500 or 107.100 could signal weakening downside momentum. MACD: Look for a bearish crossover (MACD line crossing below the signal line) as confirmation to enter or hold the trade. Volume: A spike in volume near resistance (108.100) supports rejection. Similarly, decreasing volume near the target (107.100) could indicate trend exhaustion. Trade Setup for 1-Hour Chart Sell Entry: Around 108.100 (resistance zone). Take Profit (Target): 107.100. Stop Loss: Around 108.300, slightly above resistance, to account for volatility. TVC:DXY
BINANCE:SOLUSD is flashing a long signal on the daily chart, with a potential entry point around $175.65, a stop-loss below the entry bar's low, and a profit target at the TI Setup Trend Resistance near $228.95. The Setup: A Perfect Red Setup 9 has appeared on the SOLUSD daily chart, a classic TD Sequential signal suggesting the current downtrend could be nearing its end. This pattern, where the last nine consecutive bars close lower than the close four bars prior, often indicates exhaustion of the prevailing trend and a potential reversal. Distinction and Entry Point: It's crucial to distinguish between a Perfect Red Setup 9 and a Non-Perfect Red 9. The "perfect" setup requires specific price action criteria to be met during the setup, increasing the reliability of the signal. We have a confirmed Perfect Red Setup 9 in this case, making it a stronger signal than a Non-Perfect Red 9. Therefore, the suggested entry point is slightly earlier, looking for a close above the high of the Perfect Red Setup 9 bar, which is around $175.65. This allows traders to capitalize on the reversal sooner while maintaining a disciplined approach with a well-defined stop-loss. Confirmation and Risk Management: While the Perfect Red Setup 9 is a strong signal, confirmation with additional bullish indicators is always recommended. A price flip (Green Setup 2 appearing after the Red Setup 9) or bullish divergence in the RSI could further strengthen the long bias. A trailing stop-loss can help lock in profits as the price advances. Disclaimer: This article is intended for educational purposes only and should not be construed as financial advice. Always conduct your own thorough research and manage your risk responsibly before making any trading decisions.