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Candlestick Analysis

Ticker: $MSTR Pinbar daily close NASDAQ:MSTR A potential pinbar candle is forming on the daily chart, which could signal a bullish reversal. A pinbar candle is a strong indicator of potential price direction change, often showing that buyers have regained control after a period of selling pressure. However, a pinbar candle alone may lack significance if it forms in a neutral area of the chart with little trading context. In this case, the pinbar has formed at a strong support level, which previously acted as resistance. This alignment with a key level enhances the pinbar’s strength as a reversal signal. Support and resistance levels are crucial for analyzing price action, as they often act as zones where buying or selling pressure increases. When a pinbar appears at such a significant level, it suggests that bulls are stepping in to defend this area, increasing the likelihood of an upward movement. If the pinbar closes above or near the support level, it could confirm a solid buy signal, particularly if other indicators align. BTC is also holding a similar strong support level - let’s see if the bulls can retake the wheel!
NASDAQ:MSTRLong
by coilemard
1
Dogecoin Huge Breakout - $1 Moonshot Ahead! DOGE Coin CRYPTOCAP:DOGE has just completed a powerful technical breakout after bouncing off strong support, surging beyond its long-standing consolidation channel. This move signals a potential start of an exciting bullish trend that traders and investors have been eagerly awaiting. The breakout has been confirmed by significant volume, adding credibility to the potential for further gains in the coming days. The growing hype around MEME Coins is providing additional momentum for $DOGE. With widespread community enthusiasm and continued support from influential figures like Elon Musk, the coin could see rapid upward movement. The upcoming U.S. elections might also act as a catalyst, influencing CRYPTOCAP:DOGE ’s price action as broader market sentiment plays a role. In terms of price targets, CRYPTOCAP:DOGE is currently eyeing $0.20 in the short term. For the mid-term, traders should watch for potential moves toward $0.50, while long-term expectations are set around the highly anticipated $1 mark. With such high targets, CRYPTOCAP:DOGE may see explosive gains, but as always, risk management is crucial. Setting a proper stop loss is essential to protect against volatility, ensuring you ride the wave while keeping your capital safe. Given the strong technical breakout and current market conditions, something big seems to be on the horizon for $DOGE. Buckle up, because the next move could be massive!
Long
by GreenCryptoTrades
1
BIPI Buy Position1. Trend Confirmation: Identified a Change of Character by the break of the previous high at 81, indicating a reversal in market sentiment and a new bullish trend. 2. Fair Value Gap (FVG): On the Weekly chart, identified Fair Value Gap between 69 - 71. 3. Trade Execution Entry Price: 74 ( Engulfing Candle on 5 Nov 24) SL: 66 (FVG) TP1: 110 (1.618 Fibbo) Risk-Reward Ratio (RRR): 1:4.5 Monitoring: Check-in daily closing price 4. Outcome: Exit Price: Profit/Loss: pips ------------- Disclaimer The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
IDX:BIPILong
by Phoenix-Rise-Trade
GBPUSD 4H longThis setup was not interesting for me last week but this week it is. The trend reached a weak and small demand zone so that's not interesting. But given all the price action for the last 2 weeks arround this level it makes it a stronger support level. Especially the strong bear candle so people ( including me ) think this will go bearish. Then suddenly it goes bullish, this is how allot of people loose money and that is what "they" need to move the markets. Entry trigger was because the price was bought up above the "weak" support line. Then we see some small indecision candles and after that another medium strong bull candle. That is a bullish sign for me so I entered :) There is off course US elections so high impact news but I will take that risk. The setup looks solid.
Long
by FX-Diaries
New Supply Block Active on NAS/NQMassive supply block above the range with buyers trapped above volume profile Point of Control (dashed white line) The bearish block that got traded through was supposed to give bears a way out as price travelled back into it but they held their positions short meaning none of them really got scared by the rally above that block We can assume this is an institutional shorting block and they want a better point to long from down below. The weekly stochastic is also sitting above 90 but we have not lost support of the daily 50EMA with daily stochastic around 30 and RSI in a neutral position around 50 There are clear targets in sellside with no bullish imbalance to halt price from dropping until the 19,000 range Cheers to those who understand these levels 🔑
PEPPERSTONE:NAS100
by HollywooodTrades
Nifty Analysis: How much more pain left? Where is the bottom?Nifty Analysis: 1) Today's low 23816 is very important level to watch. 2) Next support at 23502 (Father Line or 200 days EMA). 3) Final Major support near 23201(Trend line meeting point and 50 weeks EMA (Major Mother Line). 4) Closing below 23201 has potential to break the hell loose. 5) Resistance on the upside at 24145, 24320, 24506 and 24781 (50 days EMA-Mother Line). 6) Bulls can take control only after we get a closing above 24781. To know more about stop losses, trailing stop losses, Profit booking and investment, financial awareness in general, process of investment in Equity or Mother, Father and small child theory read my book The Happy Candles Way to wealth creation. Many People who have read it consider it as hand book and perfect guide to equity investment. You can read reviews of the book or purchase the same from Amazon. The book is available on Amazon in Kindle and paperback version. I am sure you are going to find it of massive use. Once you have read the book, I assure you that you will become a next level investor. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
NZDCHF LONG Market structure Bulliish on HTFs DH Entry at Daily AOi Weekly Rejection at AOi Daily Rejection At AOi Potential Head and shoulder Pattern on the Daily Previous Daily Structure Point H4 Candlestick rejection Potential Head and shoulder Pattern on the 4-hour Retest of the trendline Rejection from Previous structure Levels 6.48 Entry 80% REMEMBER : Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique : Rinse, Wash, Repeat! : Christ is King
Long
by mobbie_zw
BITCOIN Is this my first one I'm not sure Here in this video, we take a look at the monthly, The Weekly, accidentally the 1 hour, and The Daily, any way here is my analysis of the chart. You can go back on your own in your own chart and look at it and see if you see something different if you do let me know. Monthly and Weekly, we see a cup and handle forming. On a Daily a Bearish Rising Wedge. As you can see where this goes is depending on how tomorrow goes, If Kamala wins everyone is selling because they are going to have to pay the taxes that she will raise, If Trump wins everyone is Buying cause of the Taxes that he is going to cut
COINBASE:AVAXUSD
by Christian_J_Cruz
ADAUSD If you ask meIf you asked me a couple of years ago mainly 2021, I would say I would tell every buy ADA buy ADA!!!...... Now that I am a functioning adult and have gone through the phase of unplugging and learned a few things. According to Historical Chart Patterns I am seeing a Descending Triangle here and as we know Descending Triangles are an indicator for shorting. It may go down but with tomorrow being such a critical day be on the lookout for potential buy situations.
COINBASE:ADAUSDShort
by Christian_J_Cruz
2