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XAUUSD Testing The Idea That Trend Keeps TrendingPreviously when I am doing the DCA thing, I would long when price is at support, and when price breaks through support, I would continue to DCA. However, now I have a new idea since last week, that is to trade in the direction of the current wave's trend while taking into account the overall trend and market condition. Now, even though I believe that a finite resource such as gold (at least on earth), would increase in price in the long run, but it has it's own cycles of ups and downs in the short run, and in this current cycle, I believe it is going to go downwards. Even though price is obviously at a minor Support area currently, but I am going to short XAUUSD because the trend is down, now. Unless if price really pushes itself upwards, and trends upwards, otherwise I have zero reason to be buying right now. Alrighty now, I am not buying now. I am just testing this idea out and journalling it here for all to see if anyone is interested. We shall see how it goes. TLDR : Price trends in one direction, buy in that direction. If price reverses in the opposite direction completely, we would close the current positions and open new positions in the new direction. 1439SGT 16122024
OANDA:XAUUSDShort
by ProfessionalDuckHunter
BTC Surges on Signal of Trump's US Strategic ReserveWith market reactions trending very positive, COINBASE:BTCUSD saw a big surge today as investors were encouraged by Trump's signaled support for large investments in a US BTC Strategic Reserve fund to back up the Treasury Department and their indicators of a more supportive environment for crypto investors and holders in the United States of America. This comes as a welcome change for residents and businesses engaged with building the ever growing crypto economy which will empower free markets, free thinking, and free people. With over $200M USD positive BINANCE:BTCUSD inflows to Binance in the last 12hr, we can only guess what the total inflows look like right now on an hourly or even minute-by-minute basis across all exchanges worldwide. A large spike in trading volume during the day Sunday fueled traders excitement as many were attracted to the market over the weekend. Your reaction to this good news might depend on what kind of trader you are. Are you Microstrategy? Your stock just went up! Personal investors - "this is great! lets see more!". Well a lot of times people expect good and underestimate the downside. It is a great opportunity here to apply reverse psychology and short the market. This strategy is not right for everyone but there could definitely be opportunity for both long and short entry points when using the informative and actionable MACD Strategy indicator on your charting. Perhaps even learnings will come from this. Have a beautiful day, and remember Habibi, the desert tests your will, not your strength. messari.io
COINBASE:BTCUSDShort
by LawrenceOfCoinrabia
ARB | ALTCOINS | Can ARB see a new ATH?With BTC trading above 100k, it's only a matter of time before liquidity rotates back into alts. This usually happens in a very specific order, with ETH being first, and then other alts by higher market caps, and then random parabolic rallies across the smaller market cap coins - such as Arb. I'm anticipating a new ETH all time high, because there is just no way BTC makes such a significant new ATH and ETH stays behind However, we may need to have some patience for ETH to get to this point. And after that - we can expect everything else to have their share of the limelight. __________________ BINANCE:ARBUSDT
Long
by CryptoCheck-
$AMGN observationThis is just my observation, not advice. Technical: 1. Price touched the 200 SMA. 2. Price is corrected to 50% correction and slightly pumped after reaching the supportive zone. 3. Price reached the volume price of FRVP around 270$. 4. The correction nature of the latest candles in the blue box is obvious. 5. In the daily and 4H charts, the stock is almost in the oversold zone. 6. A significant divergence is observable on the daily chart. Fundamental: 1. P/E ratio: 34.4x (Not undervalued) 2. In November 2024, Amgen's Phase 2 study of MariTide showed a 20% average weight loss over 52 weeks in obese patients without diabetes. While promising, it fell short of analysts' 23–25% expectations, raising concerns about its competitiveness against treatments like Eli Lilly's Zepbound and Novo Nordisk's Wegovy. 3. On November 26th, after MariTide phase 2 announcement, the price was mixed but could be considered to have moved up impulsively. 4. On 5th December, Amgen announced to invest 1B for expansion. 5. NASDAQ:AMGN launched Pavblu as a rival of NASDAQ:REGN 's Eylea. 6. On December 7th, NASDAQ:AMGN out significant result for Blinatumomab. 7. Based on reports, NASDAQ:AMGN raises quarterly dividend 5.8%. 8. Analyst sentiments: 14 buy, 15 hold, 3 sell. Scenarios: We are in the correction with two main scenarios: 1. ABC correction has been completed and impulsive waves have been started so we should look for entry. 2. A correction wave has been completed, and we are now in the B wave correction. In this case, we should see another price drop on wave C. After then, we can look for long on around 78% correction and trendline.
NASDAQ:AMGNLong
by jack_the_real_trader
50 SMA Rising - Swing TradeDisclaimer: I am not a Sebi registered adviser. This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser. 50 SMA Rising strategy. Suitable for Swing Trading Initial Stop loss lowest of last 2 candles and keep trailing with 30 days SMA if price close below 30 SMA then Exit or be in the trade for 2 to 4 weeks. Target & Stop loss shown on Chart. Do not Forget to Exit if Stop loss Hit. Be Discipline because discipline is the Key to Success in the STOCK Market.
NSE:IGARASHI
by AnsariTV
50 SMA Rising - Swing TradeDisclaimer: I am not a Sebi registered adviser. This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser. 50 SMA Rising strategy. Suitable for Swing Trading Initial Stop loss lowest of last 2 candles and keep trailing with 30 days SMA if price close below 30 SMA then Exit or be in the trade for 2 to 4 weeks. Target & Stop loss shown on Chart. Do not Forget to Exit if Stop loss Hit. Be Discipline because discipline is the Key to Success in the STOCK Market.
NSE:FROG
by AnsariTV
AAVE/USDT 4-Hour Chart Analysis- Trend Analysis: The AAVE/USDT pair is currently in an uptrend, as indicated by the series of higher highs and higher lows. The price has recently broken above several key resistance levels, now acting as support. - Support Levels: $344.42: Previous resistance turned support after the breakout. ~$332.81: Fibonacci retracement level at 0.236. ~$323.56: Fibonacci retracement level at 0.382, which has also acted as support in the past. - Resistance Levels: ~$389.06: Current price level, acting as immediate resistance. ~$397.51: Next psychological resistance, slightly above the current price. - Fibonacci Retracement Levels: The chart shows Fibonacci retracement levels drawn from the recent swing low at $246.10 to the swing high at $397.51. Key levels include: 0.236 at $332.81 0.382 at $323.56 0.5 at $315.06 0.618 at $306.23 0.786 at $293.42 - Volume: There's a noticeable increase in volume during the uptrend, indicating strong buying interest. Volume spikes are particularly evident at breakout points. - Moving Averages: The chart includes moving averages, which are not explicitly labeled but seem to be guiding the price action, with the price staying above these averages during the uptrend. - Strategy: -- For Buyers: Consider buying on pullbacks to the support levels, especially if the price holds above the $344.42 mark. Keep an eye on the volume for confirmation of buying interest. -- For Sellers: Wait for a clear break below the $344.42 support to target lower levels, possibly aiming for the Fibonacci retracement levels as potential targets. - Risk Management: Always use stop-loss orders below key support levels for long positions to manage risk. For short positions, set stop-losses above resistance levels to protect against unexpected breakouts. - Outlook: Bullish if the price maintains above $344.42, with potential targets at $397.51 and beyond. Bearish if the price breaks below $344.42, with initial support at $332.81 and further potential downside to $323.56. Note : This analysis is based on current market conditions and should not be considered as financial advice. Always do your own research or consult with a financial advisor before making trading decisions. This text provides a detailed analysis of the AAVE/USDT chart, focusing on key technical levels, trends, and potential strategies for traders, which can be useful for those looking at this chart on TradingView or similar platforms.
by Alireza-Abedi
Chainlink Poised for a 20% Upswing This Weekend? Chainlink (LINK), the leading decentralized oracle network, has been on a remarkable run in recent weeks. The cryptocurrency has outperformed the broader market, surging by over 22% in the past month. This impressive performance has sparked renewed interest in LINK, with many investors wondering if the token can reach new heights in the coming months. What’s Behind Chainlink’s Strong Performance? Several factors have contributed to Chainlink’s recent surge. Firstly, the increasing adoption of decentralized finance (DeFi) protocols has created a growing demand for reliable and secure oracle networks. Chainlink, with its robust infrastructure and proven track record, has emerged as the go-to solution for many DeFi projects. Secondly, the rise of Web3 and the metaverse has also fueled demand for Chainlink’s services. As more and more applications are built on blockchain technology, the need for real-world data feeds becomes increasingly critical. Chainlink’s ability to provide accurate and timely data from off-chain sources has made it an indispensable tool for Web3 developers. Finally, the overall bullish sentiment in the cryptocurrency market has also positively impacted Chainlink’s price. As Bitcoin and other major cryptocurrencies continue to rally, investors are looking for alternative investment opportunities, and Chainlink has emerged as a promising contender. Will LINK Price Reach $50 in 2024? While it’s difficult to predict the exact price of any cryptocurrency, many analysts believe that Chainlink has the potential to reach $50 in 2024. However, several factors will determine whether this target can be achieved. First, the continued growth of the DeFi and Web3 ecosystems will be crucial. As more and more projects adopt Chainlink, the demand for the token will increase, driving its price higher. Second, the overall market sentiment will play a significant role. If the broader cryptocurrency market remains bullish, Chainlink is likely to benefit from the positive sentiment. However, a market downturn could negatively impact the token’s price. Third, Chainlink’s technical performance will be important. The network needs to maintain high uptime and low latency to ensure the reliability of its services. Any technical issues or security breaches could damage the token’s reputation and negatively impact its price. Chainlink’s Technical Outlook From a technical perspective, Chainlink appears to be in a strong uptrend. The token has broken above several key resistance levels, and the momentum indicators suggest that the bullish trend is likely to continue. However, it’s important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Conclusion Chainlink’s recent performance has been impressive, and the token has the potential to reach new heights in the coming months. However, investors should approach the cryptocurrency market with caution and be prepared for potential volatility. It’s important to conduct thorough research and only invest what you can afford to lose. As always, it’s crucial to stay updated on the latest news and developments in the cryptocurrency market. By understanding the factors that drive Chainlink’s price, investors can make informed decisions and maximize their returns.
COINBASE:LINKUSDLong
by bryandowningqln
Crypto Insights: Will XRP Price Hold Above $2 After South Korea’ XRP, the native cryptocurrency of Ripple, experienced a rollercoaster ride in recent weeks. Following a sudden dip to $2.13, the price surged by 9%, recovering to $2.45. This dramatic price swing was triggered by South Korea’s sudden decision to ban crypto exchanges from listing XRP. However, the broader market sentiment, fueled by Ripple’s expanding ecosystem and Bitcoin’s bullish rally, has contributed to XRP’s resilience and potential for further growth. Ripple’s Ecosystem and Bitcoin’s Rally Fuel XRP’s Optimism Ripple’s growing ecosystem, particularly its focus on cross-border payments and blockchain solutions, has been a major driver of XRP’s price appreciation. The increasing adoption of RippleNet, the company’s blockchain-based payment network, has solidified XRP’s position as a key player in the global financial landscape. Additionally, the recent surge in Bitcoin’s price has positively affected the entire cryptocurrency market, including XRP. As the leading cryptocurrency continues to gain momentum, it is likely to lift the prices of other altcoins, including XRP. Strong Market Indicators Signal Potential for Further Gains Several technical indicators suggest that XRP may have further room to grow. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are two key indicators that can provide valuable insights into a cryptocurrency’s price trend. Currently, XRP’s RSI is hovering around the 50 level, indicating that the asset is neither overbought nor oversold. This suggests that there is still potential for further upward movement. Additionally, the MACD line has crossed above the signal line, forming a bullish crossover. This bullish signal suggests that the momentum is shifting in favor of the bulls, and XRP may be poised for a significant price increase. XRP Price on the Brink of $3: Is a Major Breakout Imminent? As XRP continues to gain momentum, many analysts believe that the cryptocurrency is on the brink of a major breakout. If the current bullish trend persists, XRP could potentially reach the $3 price level shortly. However, it is important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly Therefore, investors should exercise caution and conduct their research before making any investment decisions. In conclusion, XRP’s recent price surge, strong market indicators, and the upcoming launch of Ripple’s stablecoin suggest that the cryptocurrency has the potential to continue its upward trajectory. However, investors should remain vigilant and monitor market developments closely.
Long
by bryandowningqln
50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser. This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser. Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months. Be Discipline because discipline is the Key to Success in the STOCK Market. Trade What you see not what you Think
NSE:TAINWALCHM
by AnsariTV
50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser. This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser. Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months. Be Discipline because discipline is the Key to Success in the STOCK Market. Trade What you see not what you Think
NSE:CAMLINFINE
by AnsariTV
50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser. This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser. Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months. Be Discipline because discipline is the Key to Success in the STOCK Market. Trade What you see not what you Think
NSE:ABSLAMC
by AnsariTV
So our bull targets done in crude oil This free new indicator helps to get accurate signals almost on all time frames and if you as me i use it on 15m chart normal candles , so lets talk about crude oil - when to take trades now- waiting for the bear signal between 5850-6200 if bear signal we can hold around 70 points tp with 20 sl Prediction are simply gambling but depending on market situation it shows that market can go upto 6200 or more with 30% chances or else it can open gap down and and go till 6100 or 6110 or more with 50 % chances. or it can break 6100 and give a bear signal around 6070 with 20% chances. the indicator you seeing is totally free and will be available soon, keep following. good luck
MCX:CRUDEOIL1!Education
by hormuzdengineer
2
Is Volkswagen a buy?I see a lot of people on social media claiming that Volkswagen is now a good buy because the stock is undervalued, because the government will intervene, because it's not all that bad, and so on. However, if you take a look at the weekly chart with the most basic tools, you will notice that the share is currently not sending any signs that indicate an imminent upward trend in the context of a Stage 2. The price is below a falling 30-week SMA and below a falling AVWAP from the ATH. Even though the price has risen “significantly” in the last two weeks, this should not be a reason for FOMO. Once a trend has been established, it is more likely to continue than to reverse. And as long as the chart does not improve significantly, it is more likely to be a short-term countermovement within a long-term downtrend with lower highs and lower lows. Guilty until proven innocent. For an experienced swing trader, it may be possible to take advantage of these short-term countermovements to generate profits. However, this is too risky for inexperienced traders. Sure, it could happen that the stock will continue its short term move up and establish a Stage 2 with a long term upward trend - but it is not likely. Trade the chart in front of you and listen to the market. As Peter Lynch liked to say: "If they don't scare you out, they will wear you out." Bottom fishing is not advisable. Let institutions do the dirty work and do not let FOMO make you trade risky setups. Wait for a clear change of the trend and sentiment.
GETTEX:VOW3
by Viertagewoche
50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser. This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser. Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months. Be Discipline because discipline is the Key to Success in the STOCK Market. Trade What you see not what you Think
NSE:TEJASNET
by AnsariTV
JPMorgan: Not the Star of BethlehemThe Christmas season is known for three Wisemen following a light in the night sky to Bethlehem. But another, less jovial star may have settled above the House of Morgan. The first pattern on today’s chart of JPMorgan Chase is the candle on November 25. Prices jumped above $253 in the first five minutes of that Monday morning, but quickly reversed and closed at $250.29. Some traders may view that as a bearish shooting-star pattern. JPM proceed to close lower the next six sessions and was soon under $250. Its shares have continued downward, probing above their 8-day exponential moving average (EMA) while mostly closing below it. That could suggest a short-term downtrend has developed. Falling MACD may provide a similar signal. Finally, a large gap occurred on November 6 after Donald Trump was reelected President. Could JPM now look to fill some of that space? TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:JPM
by TradeStation
6
Hewlett Packard Enterprise Pulls BackHewlett Packard Enterprise jumped to a new record high last week, and some traders may see opportunities in this week’s pullback. The first pattern on today’s chart is the surge on December 6 after earnings and revenue beat estimates. HPE has retraced all the move and is now trying to make a higher weekly low. That may suggest an uptrend is in place. Second is the price zone between roughly $21 and $21.62, matching peaks in July and October. The stock fought this resistance area for a month but could now be turning it into support. Third, the 50-day simple moving average (SMA) recently crossed above the 100-day SMA. Both are above the 200-day SMA. That configuration may be consistent with a longer-term uptrend. Finally, HPE’s last quarterly report triggered several price-target hikes from analysts but it still trades at relatively low valuations compared with other technology companies. It’s also starting to enter the AI market. Could it be a “cheap AI play” for the New Year? TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:HPE
by TradeStation