#SEIUSDT is forming an ascending triangle pattern, a bullish continuation pattern. Enter long at the breakout above resistance, with a stop loss below the recent swing low. Set a take profit based on a favorable risk reward ratio. Monitor volume and practice proper risk management.
Amazon wk showing longs. We can use this demand for daytrades upto its departure area only. After hitting departure we will decide either we go up or down.
Our last buy idea almost hit our target Now strong sell zone reached Wait to start weekly candel and sweep high then Enter into sell after confirmation Daily and weekly overbought pair
BTC is currently in a high-level wide range oscillation stage. After the price rose and fell in the previous period, it continued to weaken in the downward channel until it rebounded and rebounded at the 92000 line. The resistance of the 100000 line above continued to suppress, and the price formed a horizontal wide range after experiencing multiple ups and downs. At present, the price has rebounded at the 92000 line and gradually raised the low point, testing the resistance level of the 100000 line again. If this resistance is broken, BTC may re-enter the upward trend. The 96000 line below is a short-term support. Once it falls below this position, the price may return to the bottom of the range, and the short-term market will be bearish. At the short-term level, BTC has entered the stagflation adjustment stage after multiple rises, forming a technical pattern of double top weakening. In the short term, the 97000 line is a key support. If it falls below this position, the rebound trend may end and the price will continue to be horizontal. Suggestions for short position operation: Aggressive operation: When the BTC price is close to 98,000, short positions can be arranged. The target downward support levels are 96,200, 95,400, and 94,000, and the stop loss is set at 100,000. Steady operation: It is recommended to wait for BTC to form an M head and break the support, and enter the market after confirming that the short-term trend turns to short. You can pay attention to the short position opportunities in the 97,200-96,800 area. Overall, the current short-term trend of BTC is still in a volatile consolidation pattern, and breaking through key resistance or support will determine the short-term direction.
The price is in a wedge, and if it breaks the wedge, it can drop to the 0.618 Fibonacci line. Also, the bearish divergence in the RSI strengthens this signal. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.? _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and ?Follow?! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
The Nifty Index this week staged a rally, closing at 24,004, a 200-point surge from the previous week. This bullish move, driven by a classic "W" pattern as predicted, saw highs of 24,226 and lows of 23,460. However, profit-taking by large players triggered a decline, confining the index within my anticipated range of 24,300-23,400. For the upcoming week, I expect a trading range of 24,500-23,400 . A breach below 23,400 could find support at the 23,200-23,300 zone. A weekly close below this level would be a significant bearish signal, potentially triggering further selling pressure towards the 22,250 level. Conversely, a sustained move above 24,770 would signal a resumption of the uptrend, though this scenario currently appears challenging. The S&P 500 also exhibited resilience this week, closing at 5,942 despite breaching the crucial support of 5,850. This formed a long-legged candle, indicating strong demand at lower levels. To reignite its upward momentum, the S&P 500 needs to close consecutively above 6,093. This bullish confirmation could propel it towards 6,142, 6,225, and even 6,376, providing a much-needed boost to global markets
What is going to kick Nifty for the BUllish trend Pros 1) very good quarterly results from all the IT, consumer & other rest of the companies 2) heading towards Budget by Feb 1 2025 , may be Govt allocation for the infra, green energy space ,transport would be good which markets would like , as Govt spedning Increased by 5 X in 4 years. 3) Automobile sector had come up with very positive sales figure for Dec -24 Cons 20th Jan is the day which would exactly give a better direction for the US markets & Indian markets , once the Donald trump assumes the office , may be some policies will be favoring & some negate for the outsource work ( IT & services) watch it out !! 20th Jan
ITDC BULLISH ON M/D/W Time frames Previous Swing High is taken out on a Daily TF All good to go up (SL - 3-5%) for at least 20-25% TGTs are depicted on the Chart
XRP/USD Trade Idea Trade Type: Long (Buy) Potential Entry Zone: $2.25–$2.3 Rationale: This trade is based on a simple price action analysis, with potential support forming $2.2 - $2.3 level. Key Notes: The trade idea does not rely on indicators, focusing solely on price levels and supporting market data. Risk management will be critical, and traders should adjust stop-loss and position size according to their strategy. Risk Management: Define a clear stop-loss level based on your risk tolerance and adjust take-profit levels based on evolving price action.
Price broke out of a falling wedge, currently formed a flag but there is a major resistance zone slightly above it. Wait for the breakout of the flag and the resistance zoneand wait for retest with a bullish candlestick confirmation candle.