Get started

Technical_analysis

$MATIC - BULLISH but CautiousHello my Fellow TraderZ, #POLYGON ($MATIC) is going inside the Descending Channel Pattern and again got rejected by the Upper Trendline. The recent upward movement was also supported by the RSI momentum which clearly was showing Bullish Divergence. Now I see on 4 HTF price going to come and retest the MA50/200 at the least. Also on 1 HTF, it is clearly visible that Price was maoving inside the Ascening Triangle and broke the Triangle beautifully and again coming to retest. Here my projection for the coming hours/days where we could go to the $0.9 Happy Trading Fam. CHEERS!!!
MLong
by TRADER-GOKU
💲USD / CAD, Continuation of the uptrend, price accumulation💲USD / CAD, Continuation of the uptrend, price accumulation before the move. In the current analysis, we look at USD / CAD. We are currently at key levels, the price area around 1.36 1.38 is a moment of accumulation for this pair, which has been going on since September 26. Today the level of 1.364 was defended, which gave us the confirmation of the Head and Shoulders Pattern. Considering that we are in a long-term upward trend, and the dollar continues to dominate other currencies in terms of strength, which is due to the flight of capital from Europe to America due to geopolitical tensions. An interesting opportunity has arisen and it would be worth taking advantage of. It is also worth mentioning the event that took place today and was the most important event today, i.e. the Core PCE Price Index (MoM) (Aug), which surprised the market consensus by beating expectations and amounting to 0.6% compared to the previous month in which was 0.1%.
Long
by InvestMate
14
$SOLANA - Back in Bullish TerritoryHello my Fellow TraderZ, So here we have $SOL today which is trying to hold up here after breaking the Trendline. Few more candles above the Resistance will clear the line for LONG Signal. Also see the Inverse Head & Shoulder Pattern, which is still validate and post- breakout the price is retesting the neckline. All eyes on Powell Feedback about #CRYPTO's future now till then waiting before any further trade. Happy Trading Fam. Cheers!!!
Long
by TRADER-GOKU
$BNB - Will it Break the Trendline ?Hello my Fellow TraderZ, Most of the #ALTS presently coming to the Dynamic Trendline RESISTANCE and one such is $BNB, native token of BINANCE exchange. As you can see $BNB has approached the Trendline Resistance Zone for the 5th time. On previous occassions it has rejected from this Resistance Zone. Will this time be different? May or may not be. Currently holding the $260 Support Zone incredibly well on DTF. I'm expecting here a move upside to the $300 or $330 in the short term if Breakout occurrs. I'm little bit inclined towards breakout as #bnb is making its ALL TIME HIGH against Bitcoin, see below : So we may see that upside move but again only if breaks and gives a Daily candle close above the Trendline. Interesting to see how it acts further. Till then Happy Trading FAM. CHEERS!!!
by TRADER-GOKU
$CAKE - Just Taste ItHello my Fellow TraderZ, After June lows, $CAKE has been ranging inside an ASCENDING TRIANGLE on Daily Time Frame and continously maintaining the Higher Lows. Previous Daily candle closing was Pin Bar pattern with decent Volume. Now the price is trying to attempt the Breakout of the Triangle, all we need is greater Volume bars than previous one. Hence this breakout will be valid. Keep it in the Radar and enjoy the Trading. Target mentioned on the chart. Happy Trading. CHEERS!!!
Long
by TRADER-GOKU
4
$ALGO - Time to GOAL Hello my Fellow Traderz, With the arrival of the FIFA World Cup, keep your targets on the tokens which are directly or indirectly linked to the Championship. I have already made an analysis on one such token in one of my previous ANALYSIS. Today I've come up with $ALGO. #ALGORAND is officially the blockchain partner of FIFA WORLD CUP. So it is quite obvious MMs are burning the fuel for the leg up as the tournament is about to start. $ALGO ha already broke the Trendline Resistance 1 with solid amount of VOLUME which indicates that this Breakout is Valid. Now approaching towards Trendline R2. Also the Horizontal Resistance of $0.42 lies there. Break above $0.49 we do not have any resitances meanwhile and we could easily reach the next Major RESISTANCE Area of $0.70-$0.75. Happy Trading my FAM....CHEERS!!!
Long
by TRADER-GOKU
4
$NEAR - Approaching the Major WEEKLY SupportHello my Fellow TraderZ, Today I'm up with the Weekly chart of $NEAR . This is one of the TOP L1 and must-bagged project in the portfolio. Despite of the Bear Market, #NEAR team is constantly active and keep working to attract investors around the world. Besides Fundamentals, here we see that the price is coming to the Major WEEKLY Trendline SUPPORT. And currently being held by the Daily Horizontal Support Area. If price holds the TL, I'm expecting the price to move higher to test the Downward TL ~ $4.8. If fails to hold the TL support, our First local Support will be ~ $3 and next Important area will be $2. Try to DCA in the zone of $2 if reaches, as I see myself Optimistic about this L1 seeing their constant efforts. Till then Happy Trading FAM. CHEERS!!!
by TRADER-GOKU
Next Top Is...Minor wave 1 may have finished today, slight chance of it finishing if a new low occurs shortly after the open tomorrow. For now, Minor wave 1 was 3 days. Wave 2 will likely be similar in length. Historical relationships point to a possible top around 4000. There is not much news until the Fed so we could meander upward for a few days while we wait. I do expect Minor wave 3 to be a very sharp drop in the order of 300+ points over 3-6 days which would be fueled by a larger than expected Fed hike and/or hawkish comments afterward. Minor wave 1 has been eventful so far, we shall see what happens next.
SP:SPX
by StockSignaler
BTC update 4H TF Bulls are still looking WEAK!!!Firstly let's understand this: BTC is moving in 4-year cycles due to the Halving event which reduces bitcoin mining by 50% after each halving. This serves the reason for an Upward rally 📈 as from its diminishing supply. > Currently Bitcoin price is now trading below 20.0k > Bitcoin weekly candle closed in green but this candle shows that Bulls are still weak. > Bulls have been facing constant resistance at the 20k price level. > Constant and continued rejections could push Bitcoin price to trade near the 18k support level. If we do not hold the support at 19.6k, then we will be looking for another leg down 📉 Good news - most probably it will be the last bearish impulse. If BTC gains sufficient volume at re-test of lower level and bounces back up most probably we will see it move up to 21-21.5k where will be the first portion of sellers. Personal POV: For better trades I see it's better to accumulate BTC and some strong project altcoins in the current market conditions and scalp short-term moves with a low risk. 🚨Market Update: Total Weekly Crypto Asset flows have recorded for the first time in the last 4 weeks a net positive of $9.2 million, which is extremely small in comparison with previous weeks, and most of the volume has come from short investment products, however, this is one of the signs we were looking for before the next move.
by tradenader
ETH has been trending higher the past few days (MERGE Effect? )ETH is now trading near 1650$ . It is moving inside a rising channel on 4H time frame. Now there are two scenarios: 1- ETH breaks down the channel then that is short term Bearish signal for ETH and it can test 1476$ - 1400$ level. 2- ETH holds the lower support zone of the channel then it can again go for upper resistance line of the channel and potentially break it. Pick the direction according to the side of breakout. On the daily time frame we can see that ETH is trading in an accumualtion "livermore" cylinder with targets are 2500$ and 3300$ . Invalidation of the pattern is below 1400$ . At the moment it looks like compression is coming to an end and breakout will happen 👀 Current Resistance area between: > 1680 > 1700 > 1790 Personal POV: Looking for a test of the 1700$ area, hoping for a breakout toward 1800$ as continuation🤞
by tradenader
BTC MarketAction Analysis (Techno/Funda Analysis)After breaking its ascending channel that lasted for about 2 months, BTC fell in a falling wedge from the 25,000 to 19,500. Now BTC is in its demand range and according to the importance of this level which has the potential to reverse price, and the orders available in this range, there are 2 scenarios: Bullish scenario : It is possible that if the demand increases in this range, the price will rise to the $25,000 range. Bearish scenario : considering the macro factors ( Economic Data, Inflation, War, Political conflict about the JCPOA which can lead to gas shortage in upcoming winter) and also the price ranging at this level unlike the previous times, if demand decreases and sell pressure increases, we may once again see the price drop to the 17,500 and if it does not hold above this range there is a possibility that the next support will be seen at the 16,400 range.
by zipik
1
Stock ideaAlliant Energy Corporation LNT: Daily and 4h Charts indicate that the stock could be close to a potential breakout to the upper side. The stock has solid support level in the range $58 - $69, which could be low-risk entry point. The upside however looks attractive, especially if the stock would move above $65 - $66. Why could we expect positive moves in LNT? First, the company belongs to electric utilities industry, which is so far one of the top performing industries ytd. Second, with strong 1H/2022 financial results, LNT currently tracking toward the upper half of 2022 earnings guidance range of $2.67 to $2.81 per share. Third, seasonal demand for electricity and natural gas should serve as positive catalyst for the stock to move higher in the next months (ahead of winter season). In addition, LNT has sufficient liquidity; low short interest and dividend yield of 2.3%. And also positive rating on the stock market. Given high gas prices during July-August, we anticipate that LNT should demonstrate solid financial results for 3Q/2022, which are scheduled for release in November 2022. We consider LNT as a good bet for swing trading, especially if to catch the stock at an attractive entry point around $58 per share. Today’s weakness in natural gas price, could open an opportunity for a good entry into the stock.
NASDAQ:LNTLong
by IrinaTK