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Meta - Buy The DipHello Traders, welcome to today's analysis of Meta Platforms. -------- Explanation of my chart analysis: During 2022 Meta Platforms declined massively and dropped more than -70% all the way down to the previous support at the psychological $100 level. From there we saw a pump of more than 250% after which we could now see a short term pullback followed by new all time highs. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:META
by basictradingtv
7
Matic (Polygon) Preparing for Huge BreakoutI love this action from MATIC here. It's showing incredible resilience and strength against BTC and ETH. After a beautiful move from 0.51 to 0.99, we're in a consolidation phase. Triangular consolidation that is serving as a bull flag is attempting to break out and when it does, we're going to rocket higher. There is a lot of action in the parallel channel I've highlighted from 0.75 to 0.96. We should break this pretty easily once the triangle breaks. Target: +32% Stop Loss: -20% Best of luck - Sultan of Chart
MLong
by Sultan_of_Chart
1
Breakout w/ no tighteningNot much to say about this one other than it is not the first time it attempts to run. Preferably I would like to see a large move up in the previous month and a consolidation with a shakeout followed by tightening prior to a breakout. But we don't live in a perfect world & this account is for building a database of trades with the goal of building an edge in breakout swing trading. Just to note volume is on the lower end of what I would normally trade but it is enough. Due to this I was only able to get partially filled in the first 5 minutes of the open. Position risk if stop hit sits at 0.35% of account equity. Entry: 20.31 Stop: 19.30
NASDAQ:SRRKLong
by Daniel.B
Is it finally ETH season? Ladies and Gents, we may be entering ETH season. Finally! Finally we get some action on this ETH/BTC chart. I've been waiting for a breakout, either to the downside below 0.05 or above the descending triangle we've formed over the past 7 weeks. ETH has a pretty clear path to get the upper descending trendline which would be 11% outperformance against BTC. Then it'll be a battle for whether it truly is ETH season. Short-term forecast: bullish on ETH/BTC Longer-term: will re-evaluate and update this post in the coming weeks. Let me know what y'all think. Is this ETH season? - Sultan of Chart
Long
by Sultan_of_Chart
1
USDJPY Close To Breaking Below Yearly TrendlineHi Traders! 2023 was a bullish year overall for the USDJPY, though it has just fallen short in the end as the market attempted but failed to break through the record high apex level at 151.946. The market is now on the verge of breaking below the yearly trendline. Here are the details: After failing to break through the record high of 151.946 last month, the market has rapidly declined to break below the 20 EMA and is now trading near the 140 handle. The bears are now looking to push the market to break below the trendline, and if we get this, there is a big target level at 137.915. Preferred Direction: Sell Entry Level: 142.550 Stop Level: 145.020 Target Level: 137.915 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
A triangle breakout can push price up by 35% in this stock!!Orissa Bengal carrier LTD. or OBCL is a company engaged in transportation and logistics business. The chart of this company hints at a breakout in near term. The stock had been trading in a symmetrical triangle for past 2 months and is now looking to breakout from the same. The stock tested the lower rising boundary line of the triangle on Thursday's session and what followed was a +10% move and nearly 2.5 times more average daily volume. The stock closed near to the falling upper boundary line of the triangle and is on the verge of breaking out of it. Projecting the symmetrical triangle target to the upside suggests that the stock could rally nearly 35% after the breakout towards INR 85-90 range. On the downside INR 56-57 is crucial support and can be used as "SL". Note*- Views are based on personal observations/opinions of the chart alone. Do your due research before making any trading/investing decisions.
NSE:OBCLLong
by neeraj_2_sharma
The final few liquidity grabs before the big dropBitcoin will not be seeing 45,000 any time soon as this “bullish” move has extinguished. Bitcoin’s all time highs are usually parabolic and unusually unpredictable but this chart reads clear as day that the trend formed has a limit. Rejecting off of key levels with volume supporting the move down, big money is opening positions below 44,000 and the vol oscillator on the daily is sustaining that move. There’s no major money being put on above 44,000, which is why we’re seeing a small grind up and prices oscillating between ranges. All of this combined is confirming a bearish consolidation. On the fundamentals side, Bitcoin is suffering from an extreme case of greed much like the stock market. It’s getting to a point where anything opposite of bull is met with difficulty. This kind of psychology is ripe for manipulation and rug pulls. Just the other day, I saw advertisements on YouTube of professional Bitcoin related businesses telling people to buy it. I don’t even search for Bitcoin related news on YouTube or Google so this is also what’s setting the alarm bells off. I don’t believe in fundamentals too much but I trade what I see on the technicals and it’s not looking good for longs, so I’m going to wait to get in. I don’t know how long it’ll take to get to my target but from mid 20,000 to 30,000 I see this reaching before any meaningful support with volume.
BITFINEX:BTCUSDShort
by MMinutes
3
OIL INDIA looking to breakout from a supply zone!The stock has been in congestion zone from past 3 months. During this period INR300-305 acted as a demand zone while INR 325-330 zone has been a seller's favored zone. The stock is spotted today breaching a minor trend line resistance with good volumes. This could be an early sign of the intentions of the stock(or rather the buyers) to clear above the 325-330 zone for good this time around. Upon a decisive close above INR 330 mark the stock could very quicky attempt to move towards the INR 360 mark. On the downside 312 could be a good place to consider to place a SL order for a target of 360(RR 1:3). Note*- Please do your own analysis/research before making any trading decisions.
NSE:OILLong
by neeraj_2_sharma
High and Low Liquidity Pivots. Which ones do I choose?Welcome to the coffee shop everybody this is your host and Baristo Eric, and I'm here today to let you guys know about the difference between high liquidity and low liquidity pivots and when I say pivots I mean price levels in the market. I want you to keep in mind that this trick works on all time frames it doesn't matter what time frame you're looking at but it certainly works best if you're comparing the high time frame to the low time frame that you're trading on. This is a price action trick and strategy that you do not need an indicator for. Which means you can never get this wrong as you long as you follow these rules but the minute you try using an indicator for this you're going to miss out on some important details. Now obviously there's a few rules that you need to follow when you're looking for high liquidity or low liquidity pivots and in the image above you should be able to see it but in the text below I'll give you my breakdown of the 123 rule that you can really follow to understand what you're looking for. Here's a few rules to follow: 1. Bullish candles make high pivots 2. Bearish candles make low pivots 3.the length of the Wick of the candle is the trigger to tell you what you're looking for. You cannot find low or high liquidity in a market during the trend. You can only see it after the trend has finished and you are either currently ranging or you are in the alternate trend meaning you were in a downtrend and now you're in an uptrend or a sideways market. You want to look for these liquidity types in the previous trend but using the strategy in this video you can also find high and low liquidity in arranging markets simply by looking at the ranging market that previously took place. The trick to finding liquidity in the market goes like this: Finding Sell Liquidity (Resistance) in previous market moves. If you were in a downtrend and now it has completed you can look backwards at that downtrend and find all the bullish candles that will reflect the rules you were looking for. Look at the downtrend and find the bullish candles. You want the bullish candles that had swing highs and their upper Wick is longer than their lower Wick. If the previous market was an uptrend you simply wanna do the opposite: and previously up trending market you wanna find all the bearish candles and those bearish candles need to have a swing low Wick plus the Wick on the bottom must be longer than the Wick on top. These will reflect your SUPPORT levels (Buy Liquidity) One of the questions often asked is what do you do with these levels once you find them. Once you find low liquidity levels you wanna mark them this way you can treat them as plausible breakout areas meaning that with low liquidity in these areas price will reach those areas later on and price will continue to move through them because there are very few participants trying to buy or sell in a low liquidity area. High liquidity area however simply means there is a lot of volume lot of activity and when price reaches back to these levels that price will either stall or reverse at these levels. High liquidity areas also mean that these are banks and institutions trading at these levels so price can pull away from it retest and then come back to it for a very large move initiated by that same level.
OANDA:XAUUSD
by CoffeeshopCrypto