Crossover - JKCEMENT📊 Script: JKCEMENT
📊 Sector: Cement
📊 Industry: Cement
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD and Double Moving Averages are giving crossover .
📈 Right now RSI is around 60.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 4480
🟢 Target 🎯🏆 - 4715
⚠️ Stoploss ☠️🚫 - 4387
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
Oscillators
Ross Stores: Pullback Near HighsRoss Stores rallied in the winter. Now, after a period of consolidation, some traders may see potential for further upside.
The first pattern on today’s chart is the pair of bullish gaps after the last two earnings reports. The first gap sent the retailer to new highs above its 2021 peak. The second reestablished it above its 50-day simple moving average (SMA).
The price jumps could reflect positive fundamentals. The move above the 50-day SMA may suggest the intermediate-term trend has gotten more bullish again. Also notice the latest pullback.
Next, ROST made a weekly low of $142.65 on June 11. Last week it tested and held that level. Has new support been established near old highs?
Third, higher weekly lows occurred along the 200-day SMA in May. That could suggest its longer-term trend is upward.
Last, stochastics have dipped to an oversold condition.
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USDCAD - Sell Stop on Break of Previous Higher LowTrade Analysis
Currently, there is a bearish divergence and 4-hour resistance indicating a potential trend reversal to bearish. Confirmation of this reversal will be evident if the price breaks the previous HL. As it breaks the HL, it will also break the support levels. Consequently, this support will turn into resistance and will be used as the SL.
Trade Plan
Entry: 1.37012
Stop Loss (SL): 1.37095
Take Profit 1 (TP1): 1.36929
Take Profit 2 (TP2): 1.36846
GBP/AUD stretched and nearing known reversal area GBP/AUD is rarely as overbought as it is right now. And when it has been this overbought in the recent past, it’s usually coincided with a near-term top. It’s also fast approaching 1.9500, a level that has been akin to poison for longs throughout 2024. Combined, it has me on alert for a potential topping signal, providing the catalyst to establish shorts with favourable risk-reward.
It’s clear the bulls are in control right now. But should we see a topping pattern – be it a bearish pin, tombstone doji or similar – the tale of the recent tape suggests getting short could prove fruitful. But wait for the appropriate signal before doing so.
Those considering taking on the trade could place a stop above 1.9570 for protection. Potential targets include 1.93493, the former downtrend just below 1.9300 or 1.9250.
DS
$SPY July 23, 2024AMEX:SPY July 23, 2024
15 Minutes.
The gap up helped AMEX:SPY to achieve 554-555 easily.
At the moment gap not filled in 15 minutes. So, this move is good.
If we draw extension from 547.9 to 554.46 to 551.03. we have first target as 557 to 561 levels.
So, consider the last rise from 551.03 to 555.27 AMEX:SPY need to hold 552 levels to continue the uptrend.
As written many times. Daily is still up. No change. To get trades I do 15 minutes.
For the fall 565.16 to 547.9 we have 61.8% retracement as 558 levels. So, this also supports 556 557 as initial target.
The oscillator divergence played out well during the fall.
At the moment i am long from 552 levels.
USD/JPY Forex Analysis: Key Levels and Trading Opportunities✨Welcome to my channel! Here, we analyze a new crypto project or Forex pair every day.
📅 Let's dive into today's analysis, focusing on the USD/JPY Forex pair.
⌛️ Weekly Timeframe
In this timeframe, USD/JPY has shown significant movements. Recently, it saw an upward trend reaching a peak of 161.384, which was a critical resistance zone. Following this, the price entered a correction phase with lower volume, suggesting the strength of the previous upward trend. Currently, USD/JPY is at a support level of 151.341 after a correction phase.
📈 If USD/JPY stabilizes above 161.384, we can anticipate a bullish momentum potentially pushing the price towards the next resistance at 170.000. Confirmation of a new upward trend will depend on candle stability above this level.
📉 Conversely, if USD/JPY falls back into the range between 151.341 and 161.384, and stabilizes below 151.341, it indicates a bearish trend continuation. The next critical support level would be around 140.894.
📊 In both scenarios, volume analysis is crucial. A healthy trend should be supported by corresponding volume without any divergence.
⌛️Daily Timeframe
🔍 On the daily chart, USD/JPY ranged around the 161.616 level before initiating another downward wave. Currently, there is noticeable bearish momentum, and the price has found temporary support at 154.814.
🧲 Given the current setup, a stabilization below 154.814 could signal another bearish wave. On the flip side, if the price moves above 161.616, it could indicate the start of a bullish trend, targeting higher resistance levels.
⌛️4-Hour Timeframe
📈 In the 4-hour timeframe, USD/JPY has pulled back to the SMA99 and reached the resistance at 157.746. Volume analysis shows a decrease, indicating potential exhaustion of the recent upward movement.
📉 For short positions, the key levels to watch are 157.746 and 159.188, where price reactions could provide better entry points. For long positions, critical levels are 154.740 and 152.200.
💥RSI Oscillator
The RSI is currently ranging between 40.38 and 57.16 on different timeframes. Breaking these levels could provide confirmation for opening positions. However, always use these levels in conjunction with candle patterns and volume analysis to find the best entry and exit points.
📉Summary
Given the current bearish signals in the daily and 4-hour timeframes, alongside the potential trend change in the weekly timeframe, I am inclined to open a short position. However, this is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans.
⚠️ Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a pair you'd like me to analyze next.
Bottom Fishing - TATASTEEL📊 Script: TATASTEEL
📊 Sector: Steel
📊 Industry: Steel - Large
Key highlights: 💡⚡
📈 Right now RSI is trading at 32 stock came out of oversold zone, one can go for Bottom Fishing.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 160
🟢 Target 🎯🏆 - 174
⚠️ Stoploss ☠️🚫 - 151
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
$SPY July 22, 2024AMEX:SPY July 22, 2024
15 Minutes.
The Oscillator divergence did not sort out between 563 - 565 levels.
Now again we have a divergence as AMEX:SPY making LL but oscillator did not make LL.
So, a bounce back expected for the fall 559.53 to 547.9.
The 61.8% retracement is 555 levels.
We could be resisted in this at 552.5 being 50-day average.
If we take the last fall from 554.05 to 547.9, we have 551.7 as 61.8% retracement.
Hence for the day i expect 551 to 554 move which could give an opportunity to short.
Nice XLM chart.I think that even though Lumens is quite an old asset, it will show itself again.
I am starting to work more often with MOTT and I am also starting to experiment with Linear Regression Oscillator .
We can see that the reversal signal has been received.
The price is confidently contracting above the invalidation level.
Let's pay attention to the range between 0.44 and 0.62 The most probable point of movement is somewhere between these two values. I mean ~0.50 average. Of course, the alt season could drive the price much higher, but a reasonable optimum lies between the two levels.
Think with your head always.
ALGO Analysis: Identifying Key Levels✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day.
📅 Let's dive into today's analysis, focusing on the ALGO coin in the crypto market.
🗂 About the Project: ALGO is a blockchain-based project with its own ecosystem and blockchain. It is one of the popular networks for DeFi enthusiasts, and if you're interested in this space, you're probably familiar with this blockchain.
⌛️ Weekly Timeframe
In this timeframe, ALGO experienced a significant downward movement, currently stabilizing around $0.1572. The price has tested the $0.1547 support level multiple times. The volume has been fluctuating, showing signs of both accumulation and distribution phases.
📈 If the price is supported and candles stabilize above the $0.1547 area, we can confirm that the price trend has potential for a bullish reversal. The main resistance for confirming an upward trend is at $0.2808. For ALGO to have a significant pump, the price must stabilize above this area, allowing you to enter a buying position according to your trading strategy after confirmation.
📉 If the price returns below $0.1547, the next significant support is at $0.0992, indicating a continuation of the bearish trend.
📊 In both scenarios, candle volume must confirm the price movement, and there should be no volume divergence; otherwise, the trend will not be healthy.
⌛️ Daily Timeframe
In this timeframe, you can see more details of the price movement. As indicated, the price ranged for a long period on the $0.1502 support and, after a breakout and pullback, initiated another downward wave to the $0.1297 area. Currently, there is significant bearish momentum in this timeframe, and the volume aligns perfectly with the downward trend.
Given the strong support at $0.1502, we can expect another bearish wave if candles stabilize below this area.
⌛️ 4-Hour Timeframe
In this timeframe, the price has pulled back to the $0.1605 resistance. Volume is gradually decreasing, indicating that the long-term downward trend impacts the 4-hour timeframe. This upward movement offers a potential entry point for a short position.
🔑 Key Levels: For a long position, the key levels are $0.1716, $0.1989. For a short position, $0.1502, and $0.1297 are critical areas where the price may react in the future.
💥 RSI Oscillator: The RSI is ranging between 45.73 and 51.84, and breaking either of these levels can provide confirmation for opening positions. However, be sure to use these levels only for confirmation and rely on candles to find the trigger.
🎲 My Strategy: Given the bearish market in the 4-hour and daily timeframes and the potential trend change in the weekly timeframe, I prefer to open a short position on this coin as I always trade in the direction of the momentum. However, there's no necessity for you to do the same; everyone should trade based on their strategy and plan. This is a personal decision, and each trader must find their strategy.
⚠️ Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
AVAX Analysis: Potential Price Movement and Key Levels✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day.
📅 Let's dive into today's analysis, focusing on the AVAX coin in the crypto market.
🗂 About the Project: AVAX, or Avalanche, is a decentralized platform known for its high throughput and low latency, making it a preferred choice for developers building decentralized applications and custom blockchain networks. It's particularly popular among DeFi enthusiasts due to its unique consensus mechanism and scalability.
⌛️Weekly Timeframe
In this timeframe, AVAX has experienced significant movements. Recently, it saw an upward trend reaching a peak of 126.52, which was a critical supply zone. Following this, the price entered a correction phase with lower volume, suggesting the strength of the previous upward trend. Currently, AVAX is at a support level of 20.83 after a correction phase.
📈 If AVAX stabilizes above 31.32, we can anticipate a bullish momentum potentially pushing the price towards the next resistance at 58.74. Confirmation of a new upward trend will depend on candle stability above this level.
📉 Conversely, if AVAX falls back into the range between 20.83 and 31.32, and stabilizes below 20.83, it indicates a bearish trend continuation. The next critical support level would be around 15.91.
📊In both scenarios, volume analysis is crucial. A healthy trend should be supported by corresponding volume without any divergence.
⌛️Daily Timeframe
🔍On the daily chart, AVAX ranged around the 31.22 level before initiating another downward wave. Currently, there is noticeable bearish momentum, and the price has found temporary support at 21.49.
🧲Given the current setup, a stabilization below 21.49 could signal another bearish wave. On the flip side, if the price moves above 31.22, it could indicate the start of a bullish trend, targeting higher resistance levels.
⌛️4-Hour Timeframe
📈In the 4-hour timeframe, AVAX has pulled back to the SMA99 and reached the resistance at 30.98. Volume analysis shows a decrease, indicating potential exhaustion of the recent upward movement.
📉For short positions, the key levels to watch are 30.98 and 33.77, where price reactions could provide better entry points. For long positions, critical levels are 25.01 and 21.49.
RSI Oscillator
💥The RSI is currently ranging between 44.87 and 59.76 on different timeframes. Breaking these levels could provide confirmation for opening positions. However, always use these levels in conjunction with candle patterns and volume analysis to find the best entry and exit points.
📉Given the current bearish signals in the daily and 4-hour timeframes, alongside the potential trend change in the weekly timeframe, I am inclined to open a short position. However, this is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans.
⚠️Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
Nifty & Bank nifty market predictions for next week || Nifty selA trading plan is a set of rules that specifies a trader's entry, exit, and money management criteria for every purchase. With today's technology, test a trading idea before risking real money. Known as backtesting,this practice allows you to apply your trading idea using historical data and determine if it is viable.
Incoming 40% correction on Gold / Silver ratioThe above 12 day chart a 40% increase on the Gold / Silver ratio since early 2021 within a rising channel is shown. A number of reasons now exist to suggest a strong reversal in that trend with an equal 40% correction. They include:
1) Hidden bearish divergence. This occurs as oscillators print higher highs with lower lows in price action. (Black arrows).
2) A rising channel breakout. The breakout in the Gold / Silver ratio is clear to see with a flag extension measuring a further 40% correction. The correction area is by no means the end of the correction. Look left.
3) It is not the first time a hidden bearish divergence has printed on the Gold / Silver ratio. The last flag breakout occurred in October 2010. Price action on Gold saw a 40% correction in the months that followed. Ask yourself, is the current Gold euphoria indicative of a new bull market or the contrarian call for the top?
Ww
Will StarkNet STRK revive from the dead zone? Hello, Skyrexians!
Today we have another one "perspective" crypto to overview. This is BINANCE:STRKUSDT token. Since Binance listing price dropped significantly and continue dropping now. Entire crypto market dump boosted the STRK sell-off. Today we will analyze in details this asset and try to understand will this coin pump or die. It's vital for successful cryptocurrency trading to consider all possible scenarios.
Looking at the most of ideas on this asset we can conclude that most of the crypto trading strategies gave the advice to buy this coin when price was above $1.5. Obviously, it's not profitable crypto trading strategies. Even automate crypto trading of most cryptocurrency trading platforms fails to predict the price of this asset because after dumping at 50% it continues dumping, which is not likely according to the most crypto trading algorithm. That's why most of automated trading bots and grid bot faced with losses for this asset.
The exception is the ai crypto trading bot which takes into account the Elliott wave, the key feature of successful crypto trading. Today we consider STRK price action using advanced technique. Let's go!
STRK dump structure
Let's use the 1D time frame to analyze this downtrend. Fortunately, it has the clear Elliott waves structure. Awesome oscillator helps us to find the most impulsive wave 3, this is the min value. After this the price formed the flat or triangle wave 4. If crypto has already significantly drop it tends to form the flat corrections without big retracement to the upside. This is because most of early bulls have been locked in their position and they shall be disappointed before reversal.
Now we can see three strong signs of trend reversal. Awesome oscillator crossed zero line after wave 3 bottom reaching, it has printed bullish divergence and the momentum now is upward. In most of cases these are enough to make a decision about the entering trade, but we will make the deep dive further in different indicators.
REN: Exploring Trends and Key Levels in the Crypto Market✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day.
📅 Let's dive into today's analysis, focusing on the REN coin in the crypto market.
🗂 About the Project: REN is a protocol that enables the transfer of cryptocurrencies between different blockchains in a decentralized manner. It aims to bring interoperability to DeFi by providing access to liquidity from various blockchains for DeFi applications.
⌛️ Daily Timeframe
🔍In this timeframe, the price has been ranging for a long period around the $0.04996 support.
📊Support and Resistance Levels:
Resistance: $0.05060, $0.05696
Support: $0.04442, $0.03936
💥The RSI is around 54.25, indicating neither overbought nor oversold conditions.
🧩Currently, there is significant bearish momentum in this timeframe, and the volume aligns perfectly with the downward trend.
Recommendation: Given the strong support at $0.04442, we can expect another bearish wave if candles stabilize below this area.
⌛️ 4-Hour Timeframe
📈In this timeframe, the price has pulled back to the SMA99 and simultaneously reached the critical $0.04960 resistance, which was the main market low in the previous cycle.
The volume is gradually decreasing, indicating that the long-term downward trend impacts the 4-hour timeframe.
🔑Key Levels: For a long position, the key levels are $0.04960, $0.05060, and $0.05696. For a short position, $0.04442 and $0.04500 are critical areas where the price may react in the future.
🎲RSI Oscillator: The RSI is ranging between 39.81 and 54.34, and breaking either of these levels can provide confirmation for opening positions. However, be sure to use these levels only for confirmation and rely on candles to find the trigger.
♟Recommendation: This upward movement offers a better entry point for a short position. Given the bearish market in the 4-hour and daily timeframes and the potential trend change in the weekly timeframe, consider opening a short position as the trend aligns with the momentum.
⚠️Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
Hash rate capitulation in full effectThe hash rate capitulation indicator is showing full-on capitulation of the hash rate spurred by minors needing to pull back on the hash following the halving. The timing for price peaks following HRC flashes have been different, but HRC flashes are generally followed by increased prices (sometimes multiple Xs). I'd say the probability is very high that we will see higher prices in a few months.
Note: The trigger on July 6th, 2023 was near a bottom, but we did go sideways and then lower (FTX) for an extended period of time after that.
#ALICE/USDT SHORT ENTRY#ALICE/USDT SHORT ENTRY
Leverage: 3x
Entries: $1.515
Take profit 1: $1.490
Take profit 2: $1.417
Take profit 3: $1.296
Stop Loss: $1.603
NOTE: This is just my prediction. Be sure to use STOPLOSS and remember that I am not a financial adviser. your money, your risk!
BINANCE:ALICEUSDT.P
Thanks
The sroced.
BITCOIN More Correction to 50-48KHello!
According to the daily chart,
we observe a double top, which indicates a further decline. also a pullback to broken trendline. so BTC can go lower , in the range of 50,000 to 48,000. ❌❗❌
This is the same strong resistance range that the price broke through a few months ago, leading to a significant rise. 📚💡
it is possible to see
some range candles too 📚💡
📖💡 Feel free to express your perspective by commenting below. Thanks! 🐋