Buysignal
HASH RIBBONS - Bullish Indicator 📈🐂Understanding the HASH RIBBONS Signal:
The HASH RIBBONS signal is based on the interplay of two essential moving averages: the 30-day Simple Moving Average (SMA) and the 60-day SMA. When these moving averages cross in an upward direction, it generates a bullish HASH RIBBONS signal.
The Strength of HASH RIBBONS Signal on Weekly Time Frame:
The HASH RIBBONS signal's significance amplifies when observed on the weekly time frame. Here's why it's considered a potent bullish indicator:
Confirmation of Bullish Momentum: A bullish HASH RIBBONS signal on the weekly chart confirms the presence of strong bullish momentum. This suggests that the cryptocurrency's price may experience a sustained upward trend.
Long-Term Perspective: The weekly time frame provides a broader view of market trends, filtering out short-term noise. A bullish signal here reflects a potential shift in long-term sentiment, which can be a precursor to a substantial price rise.
Market Sentiment Reversal: A HASH RIBBONS crossover indicates a possible reversal in market sentiment. This shift can attract more buyers, resulting in increased demand and upward price movement.
Conservative Traders' Choice: Many conservative traders rely on signals from longer time frames like the weekly chart to validate their trading decisions. A strong HASH RIBBONS signal can provide the necessary confirmation for these traders.
Potential Entry Point: A bullish HASH RIBBONS signal on the weekly chart often serves as a compelling entry point for traders seeking to ride a prolonged bullish trend.
Conclusion:
The HASH RIBBONS signal on the weekly time frame holds immense potential as a bullish indicator. Its confirmation of bullish momentum, long-term perspective, and ability to signal market sentiment reversals make it a formidable tool for traders and investors alike. However, like all indicators, it's essential to combine the HASH RIBBONS signal with other forms of analysis and maintain proper risk management practices.
As you navigate the dynamic cryptocurrency market, keep in mind that signals provide guidance, but market conditions can change rapidly. Staying informed, adapting your strategies, and using reliable indicators like the HASH RIBBONS on the weekly time frame can empower you to make more informed and confident trading decisions.
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Bullish is coming | Long BiasChart 4H TF
Look at the picture, you will see Ripple BINANCE:XRPUSDT downed to the support 0.618 FibRe and now it's retesting the resistance at 0.68 but need break and close above descending trend line.
If this breakout is succeed, XRP will pullback to FVG around 0.625 that point to join
Wait a next move to decide
INVZ Innoviz Technologies Options Ahead of EarningsAnalyzing the options chain and the chart patterns of INVZ Innoviz Technologies prior to the earnings report this week,
I would consider purchasing the $3.50 strike price Calls with
an expiration date of 2023-8-18,
for a premium of approximately $0.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Rising Wedge | $380Chart 4H Timeframes
Nvidia NASDAQ:NVDA is in Rising Wedge and reached to the resistance of Fibo Projection around $480
So I expect NVDA will reverse soon after it break down the lower line of Rising Wedge
NVDA has two support at 420 and lower at 370. It's over 10%, can consider use DCA strategy to join AI's race
Wait for next move
ET Energy Transfer Options Ahead of EarningsIf you haven`t seen this pattern play out:
Then analyzing the options chain and the chart patterns of ET Energy Transfer prior to the earnings report this week,
I would consider purchasing the 15usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $0.17.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
XAUUSD Buy I'm interested in a tight Order Block entry seen on the 1 minute time frame. I like how it swept out previous liquidity and started towards the upside. The stop would be safest below the Fair Value Gap that the point of interest dipped into towards the left. And I would target the equal highs above.
EURCHF 2023 Yearly Structure OLHC (Buy Signal)
EURCHF2023
YEARLY STRUCTURE
OLHC (BUY SETUP)
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In the year 2023, FX:EURCHF EURCHF commenced with a low opening, accompanied by a remarkable bullish divergence observed from October 2022 to the current market price in July 2023. Notably, the price is currently experiencing rejection at the monthly support level of 0.95156 .
An ideal buy setup will materialize upon the price's closure above the Buy zone, specifically at 0.95962 , coupled with a bullish TDI cross, signifying the active presence of buyers in the markets.
Upon the occurrence of the TDI cross for buys, the first take profit target will be set at 0.97855 . Subsequently, the second take profit level will be aimed at the yearly open of 2023, standing at 0.98661 . Furthermore, should the price break above the 2023 open, the third take profit level will be based on last year's open, as the price was unable to reach that target previously, located at 1.03522 .
As always, prudent monitoring and cautiousness are advised to make well-informed decisions.
In the year 2023, FX:EURCHF EURCHF commenced with a low opening, accompanied by a remarkable bullish divergence observed from October 2022 to the current market price in July 2023. Notably, the price is currently experiencing rejection at the monthly support level of 0.95156 .
An ideal buy setup will materialize upon the price's closure above the Buy zone, specifically at 0.95962 , coupled with a bullish TDI cross, signifying the active presence of buyers in the markets.
Upon the occurrence of the TDI cross for buys, the first take profit target will be set at 0.97855 . Subsequently, the second take profit level will be aimed at the yearly open of 2023, standing at 0.98661 . Furthermore, should the price break above the 2023 open, the third take profit level will be based on last year's open, as the price was unable to reach that target previously, located at 1.03522 .
As always, prudent monitoring and cautiousness are advised to make well-informed decisions.
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It is crucial to exercise patience and await the TDI cross before taking any action.
Trade with Caution. Wait for valid entries.
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P A T I E N C E + D I S C I P L I N E
DOGE Dogecoin be a Part of Elon Musk`s X, the Everything App ?If you haven`t sold DOGE here:
Then you should know that Dogecoin has gained significant attention and popularity in recent years, partly due to the support and endorsement it has received from influential figures such as Elon Musk. Musk's tweets and public statements have had a notable impact on the price and perception of Dogecoin in the past.
Considering the rumors that Elon Musk allegedly wants Dogecoin as a currency on his "everything app" X, and his promises to turn Twitter into an "everything app," it's reasonable to assume that Dogecoin could potentially be integrated into Musk's future projects.
If Dogecoin were to become a part of Elon Musk's X, it could potentially benefit from increased exposure, adoption, and utility. Musk's large following and the hype surrounding his ventures could attract a significant number of users to the app, potentially leading to increased demand for Dogecoin.
My short term Price Target for DOGE Dogecoin is $0.085.
Looking forward to read your opinion about it!
GE General Electric Company Options Ahead of EarningsAnalyzing the options chain and chart patterns of GE General Electric Company prior to the earnings report this week,
I would consider purchasing the 110usd strike price Calls with
an expiration date of 2023-8-18,
for a premium of approximately $3.85.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Divergence on Petronet Weekly ChartThe weekly chart analysis suggests a potential upward movement. The 14-day stochastic oscillator has reversed from the oversold zone, indicating a momentum shift. Price found support at 220 level. A fresh divergence on the chart adds to the indication of an upcoming upward trend.
Buy at Market, Target at 235, Stop Loss at 218
EURAUD Buy at 1.6362 (has been trading in a bullish trend since)
Setup: The EURAUD is trading in a bullish trend and has recently broken out above the 1.6362 resistance level.
Entry: Buy at 1.6362 with a stop loss below 1.6316.
Target: 1.6450 and beyond.
This trade is based on the following technical analysis:
The 1.6362 resistance level was a key level of resistance, and the break above this level is a bullish signal.
The RSI indicator is in the overbought zone, which suggests that the trend may be nearing exhaustion.
The MACD indicator is bullish, which also supports the bullish trend.
The risk to reward ratio for this trade is favorable. The stop loss is relatively small, and the potential profit is significant. However, it is important to remember that no trade is guaranteed, and there is always a risk of loss.
NFLX Netflix Options Ahead of EarningsIf you haven`t sold NFLX here:
or reentered here:
Then analyzing the options chain of NFLX Netflix prior to the earnings report this week,
I would consider purchasing the 450usd strike price Calls with
an expiration date of 2023-7-21,
for a premium of approximately $16.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.