Get started

Trend Analysis

GBPJPY Strong bullish break out inside the Channel Up.GBPJPY is having its strongest (1d) candle today in almost 18 months. The main pattern is a Channel Up and this rise is extending its new bullish wave. The previous one retested the MA50 (1d) after crossing over it and the resumed the uptrend to peak on a +8.70% rise. Trading Plan: 1. Buy on the next MA50 (1d) test. Targets: 1. 204.500 (+8.70% rise). Tips: 1. The MACD (1d) formed a Bullish Cross 9 days ago, the 3rd inside this 5month Channel Up, which confirms that we are on a bullish wave. Please like, follow and comment!!
Long
by TradingBrokersView
BANKNIFTY : Trading Levels and Plan for 20-Dec-2024 Intro: Review of the Previous Day’s Plan As mentioned in Yesterday's plan BANKNIFTY has found support from level mentioned in Chart yesterday. The chart movement adhered closely to the plan, with Bank Nifty consolidating within the highlighted zones before attempting an upward breakout. The yellow trend on the chart depicted a sideways consolidation, while green and red trends outlined bullish and bearish moves respectively. Today, we prepare for potential scenarios based on expected market openings. Plan for Different Opening Scenarios Gap-Up Opening (200+ points above 51,902): If Bank Nifty opens above 52,068, the index is likely entering the resistance zone highlighted in orange. Watch for rejection signals around 52,381, the last intraday resistance. Plan of Action: Look for bearish reversal candles or patterns near 52,381 to initiate short positions with a target of 52,068 and a stop loss above 52,450. In case of a sustained breakout above 52,381, consider fresh longs targeting 52,600 or higher. Ensure confirmation with strong volume. Key Tips: If trading options, focus on slightly OTM puts for shorts. For breakout trades, consider ATM or slightly OTM calls. Flat Opening (Within 51,800-52,000 range): A flat opening near 51,902 keeps the market in the opening resistance zone. Price action within this zone (yellow trend) will guide the next move. Plan of Action: Observe price behavior for 30 minutes. If the index breaks below 51,800, initiate shorts targeting 51,418 with a stop loss at 52,000. If the index breaks above 52,068, initiate longs with targets at 52,381 and stop loss below 51,902. Key Tips: For flat openings, straddle or strangle strategies can help capture significant moves in either direction. Gap-Down Opening (200+ points below 51,902): A gap-down below 51,418 enters the green support/consolidation zone. Watch for potential reversals or breakdowns near 51,092 or the Wave B lower band at 50,664. Plan of Action: If Bank Nifty reverses from 51,092, initiate long trades with targets at 51,418, maintaining a stop loss at 50,900. A breakdown below 51,092 confirms bearish momentum. Short positions can target 50,664, with stop loss above 51,200. Key Tips: For aggressive trades in this scenario, consider deep OTM puts for higher returns. Risk Management Tips for Options Trading: Avoid over-leveraging; allocate no more than 2-3% of capital per trade. Use hourly candle close as confirmation for entries and exits. Hedge positions using spreads to limit losses. Exit trades promptly if they don’t perform as expected within the first 30 minutes. Summary and Conclusion: Today's trading plan focuses on key levels derived from technical analysis. The yellow trend indicates likely consolidation, the green trend suggests bullish opportunities, and the red trend signals potential bearish moves. Adherence to price action at critical levels will be crucial for maximizing profits and minimizing risks. Always ensure disciplined execution and maintain a balanced approach. Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please consult with your financial advisor before making any investment decisions.
NSE:BANKNIFTYLong
by LiveTradingBox
SOLANA Are you ready for $385?Solana / SOLUSD has been underperforming since the November 22nd High, breaking even under the 1day MA50. Even though this is not ideal (especially compared to the gains that Bitcoin shows), it isn't a situation that SOL hasn't faced before. As you see it is repeating the post Channel Down correction of July-August 2023, which also crossed under the 1day MA50 but then recovered and rebounded to the 2.0 Fibonacci extension and beyond. Buy and target $385. Previous chart: Follow us, like the idea and leave a comment below!!
CRYPTO:SOLUSDLong
by TheCryptagon
1
POLKADOT- BUY HIGH, SELL HIGHERIn the midst of chaos, I've decided to increase my position in Polkadot, as I've been holding since $5.82. The structure continues to show bullish signals, and we’re still in a bull market. Moreover, the Christmas and New Year rally hasn’t even started yet. For traders feeling anxious right now, it's better to step away from the screen and avoid making impulsive decisions. For those focused on knowledge and strategy, there’s no better moment to consider opening a long position—fully aware of the possibility that your stop-loss might be hit. Trade Management: Entry: $7 or market price Stop-loss: $6.31 (keeping the previous position intact) Remember to control your emotions and avoid overtrading. Maintaining liquidity is crucial—don’t put all your capital at risk. Protect your psychology and trust your skills. Don’t let the market shake your confidence in what you know works. I’m sticking to my plan, as mentioned in my previous idea. Nothing changes if you follow your plan. May God bless you all. Jay
Long
by Jaytradermb
WIF/USDT Chart Analysis. The chart of WIF/USDT shows a potentially bullish setup based on technical analysis. Descending Triangle Breakout: The price seems to be approaching the end of the descending triangle, with a potential breakout area of around $2.50. Support Area: A significant green area below the current price suggests strong historical support between $0.99 and $1.17. Ichimoku Cloud: The behavior of the cloud suggests a transition point, indicating potential bullish momentum if the price breaks above the cloud resistance. The upward-moving green box shows the long target area of ​​$4.84 to $4.87. The curve drawn on the chart suggests that the price may fall slightly to the support area before reversing sharply. Trade Setup: Entry: Consider buying near the $1.17 support level. Stop-loss: Place it slightly below $0.99 to manage risk. Target: Aim at $4.87, which provides a favorable risk-to-profit ratio. DYOR, NFA @Peter_CSAdmin
Long
by CryptoSanders9563
PEPE/USDT 4-Hour Chart Analysis. PEPE is trading at 0.00001862, in a downtrend, moving away from the key Ichimoku Cloud resistance area. Significant bearish momentum after breaking below 0.00002285 (key support turned resistance). Immediate support at 0.00001732–0.00001700 (highlighted green area). Strong demand area below at 0.00001641 (key level to watch for risk of further declines). Nearest resistance: 0.00002285. Key breakout levels for potential recovery: 0.00002360 and 0.00002690. Stop loss: Located slightly below 0.00001641, protection against further declines. Take profit zone: Above 0.00002831, targeting a significant correction towards the previous highs. If PEPE sustains the 0.00001732–0.00001700 zone, expect a rebound towards: Short-term target: 0.00002285. Mid-term target: 0.00002690. A breakdown below 0.00001641 could lead to further declines, testing lower unknown levels. Maintaining caution below the Ichimoku Cloud zone is a must for longs. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult a financial advisor before making investment decisions. For updates on other coins or personalized insights, feel free to reach out via DM. @Peter_CSAdmin
Long
by CryptoSanders9563
DOGE - Another Picture Perfect Prediction (LTF)Wanted to take one more look at the DOGE prediction on the lowertimeframe (12H) that we made exactly one week ago. After seeing price breakdown from the rising wedge pattern, price quickly rose to retest our green trendline. This green trendline acted as a level of support all the way to the upside and once old support is broken, it is usually flipped into a new level of resistance. We warned a week ago this was likely turning into a new level of resistance around $0.416, but we need to watch the 12H RSI to confirm this was the case. Where we said "Watch for a rejection" was because the 12H RSI was fighting the median line (50). When strength is above the 50 it has bullish momentum, when strength is below the 50 it has more bearish momentum. Therefore, once the RSI did get rejected below that 50 level, the bears took over, flipped that trendline into new resistance, and pushed price into our "downside target" measured move box of support.
COINBASE:DOGEUSD
by VIAQUANT
Will Allakos Inc. return 10,000% ?? Maybe even 20,000% This is a 20,000% return idea from current price action. If you missed out on the QUBT trade (below) and find yourself filled with regret at the inaction taken… Then Merry Christmas... On the above 15 day chart price action has corrected a massive 99.5% from $166 since early 2021. A number of reasons now exist to take advantage of this discount. They include: 1) Price action and RSI resistance breakouts. 2) Strong regular positive divergence. Recognise this divergence prints at a time price action resistance breaks out and prints support on past resistance from a 4 year active resistance downtrend. 3) No share splits! 4) “Off-Exchange Short Volume Ratio 39.57%” - who are these people? 5) The forecast comes from the wedge breakout. Top and bottom touch points are used to measure the forecast area Is it possible price action continues to correct? Sure. Is it probable? No Ww Type: Trade Risk: You decide Timeframe for long: QUBT danced around 60 cents for a month or so, people got bored, others left in frustration… do you want to see my inbox as price blasted past $6 ?? Filled with regrets from folks unable to exercise patience. Return: 2,500% in the first wave Stop loss: Will say elsewhere
NASDAQ:ALLKLong
by without_worries
3
BTC/USDT 4-hour chart analysis. BTC/USDT trades within an ascending parallel channel, respecting the upper and lower trendlines. Current price: $99,789.68, retracing back towards a crucial support area. The highlighted green area is around $98,000-$100,000, which acts as the channel’s demand zone and mid-range level. 200 MA (green line): Located near $97,830, providing dynamic support. Immediate resistance near the upper channel trendline (~$110,000). Psychological resistance at $105,000, a crucial round-number level. If BTC maintains the $98,000-$100,000 support area, it is set to bounce towards: Short-term target: $105,000. Mid-term target: $110,000, aligned with the upper channel boundary. If BTC breaks below $98,000, further declines to test $95,000 (lower trend line) are possible. A breakdown below the channel will invalidate the bullish trend. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your research and consult a financial advisor before making investment decisions. For updates on other coins or personalized insights, feel free to reach out via DM. @Peter_CSAdmin
Long
by CryptoSanders9563