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.
Just dipped below the support line. It is expected to bounce back from $1.33.
This trade on USD/JPY played out beautifully, showcasing the power of a well-structured approach and advanced tools like the WiseOwl Indicator. Let’s break it down: Trade Context: On the 1H timeframe, the market was respecting a clear bullish structure. Using the WiseOwl Indicator, I spotted an ideal entry point at the breakout of the accumulation phase, which aligned perfectly with the higher timeframe trend. What Happened: The entry signal was spot on, and price moved precisely toward my medium-term target of 156.74 and even beyond. Currently, price is hovering around 157.45, and I’m watching for a potential pullback into the 155.50–156.00 zone for the next move. Key Takeaway: The WiseOwl Indicator helps simplify decision-making by highlighting key setups in alignment with market structure. Paired with patience and a solid understanding of context, this creates high-probability opportunities. ? What are your thoughts on this trade? Are you using similar tools to refine your entries and exits? Let’s discuss below!
Went below the earnings low but the stock has a strong support around 127 and 132 range. Relative strength is pretty good and it seems like is trying to come back. The fundamentals are still good. Therefore, I have this trade idea to buy the stock of the 130 with a very tight stop at 125 and my target is 165.
Good morning, trading family! How’s everyone feeling today? Got your coffee? Charts ready? It’s time to dive in and see what the market has in store for us. Here’s the vibe: NVIDIA’s setting up for something big—are we aiming for $142 or sliding to $119? It’s like a game of tug-of-war, and the market’s holding the rope. Quick Tip: Remember, trading is about patience and discipline. If you’re feeling stuck, step away, take a breath, and come back with a clear head. The market’s not going anywhere. If you want a closer look at these setups or other ideas I’m watching, feel free to check out my profile or send me a DM—I’m always happy to share insights or answer questions. Let’s make it a great day! Kris /Mindbloome Exchange Trade What You See
?Key Levels Overview for the Month? *updated 12.2024 Dynamic Supports? 2570 2530 2490 2450 Dynamic Resistance? 2626 2646 2670 2690 Mid Pivot (?bull&bear? zone ch trend) 2925 2782 2639 range of supply and demand 2834 2739 2644
Current Gold Market Situation: It is advisable to avoid making any purchases at this time. Wait for clear confirmation and stability before considering investment decisions.
NVNI is a rollercoaster ride for thrill-seekers. This high-volatility ticker can deliver explosive short-term moves, perfect for traders who love adrenaline-fueled opportunities. Ride the waves, time the dips, and cash out before the tide turns!
MOVEUSD 1HR Chart Analysis Overview: • Listing: Recently added to Coinbase last week. • Initial Trend: Price immediately entered a downtrend but found a floor by the end of the week. Pattern Formation: • After establishing a floor, the price moved sideways, forming an Accumulation Phase. • Breakout Confirmation: o Yesterday: A spike in volume led to a breakout from the sideways range, confirming the accumulation phase. o Today: Price remains above the resistance level it broke out from, pulling back to the 10-day EMA for support. o The MACD remains above its signal in bullish territory, indicating sustained bullish momentum. Trade Setup: • Entry: $0.7272 • Stop-Loss: $0.6530 (-10.20%) • Target: $1.0233 (+40.72%, 3.99 RR Ratio) Summary: MOVEUSD demonstrates strong bullish momentum after breaking out of its accumulation phase. The price's support at the 10-day EMA and the bullish MACD signal offer a favorable opportunity for a long trade setup.
NASDAQ:OM : The Journey to $10 Has Begun! ◼ Added to my portfolio at $0.50 and has already surged by 800% since my buying. ◼Target: $10 #OM #MANTRA #Binance