I've been closely monitoring GRASS for a potential triple 1-2 setup , as there's a notable resistance at the $3.90 level, which could act as a triple top zone. If a rejection occurs, another 1-2 formation might develop within its micro subwaves. However, this setup presents a strong opportunity, with a realistic and achievable target of $10 .
The rsi will extend to the green line drawn This will be the peak for the bullrun There is some more room for growth during this run Monthly timeframe
BITSTAMP:BTCUSD AlexGoldHunter Technical Analysis Using Price Action Techniques Key Levels and Zones Resistance Levels: 0.382 Fibonacci Level: $105,050 0.5 Fibonacci Level: $105,045 Support Levels: 0.618 Fibonacci Level: $104,070 0.705 Fibonacci Level: $103,700 0.786 Fibonacci Level: $103,400 Fair Value Gap (FVG): This zone indicates a potential area of interest for price action traders. Order Block (OB): Another area of interest where significant buying or selling activity has occurred. Change of Character (CHoCH): Indicates a potential shift in market sentiment. Break of Structure (BoS): Confirms a change in market structure, often used to validate trend reversals. Volume Profile The volume profile shows the distribution of trading volume at different price levels. Higher volume nodes can act as support or resistance. Indicators Relative Strength Index (RSI): Currently around 72.01, indicating overbought conditions. Moving Average Convergence Divergence (MACD): MACD lines are above the zero line, suggesting bullish momentum. Buy Strategy Entry Point: Consider entering a long position if the price retraces to the FVG or OB zones and shows signs of a bullish reversal (e.g., bullish candlestick patterns or increased buying volume). Confirmation: Look for confirmation from the RSI (moving back above 40) and MACD (bullish crossover). Stop Loss: Place a stop loss below the recent swing low or the lower boundary of the OB zone. Target: Set initial profit targets at the resistance levels (0.382 and 0.5 Fibonacci levels). Sell Strategy Entry Point: Consider entering a short position if the price reaches the resistance levels and shows signs of a bearish reversal (e.g., bearish candlestick patterns or increased selling volume). Confirmation: Look for confirmation from the RSI (moving below 68) and MACD (bearish crossover). Stop Loss: Place a stop loss above the recent swing high or the upper boundary of the resistance zone. Target: Set initial profit targets at the support levels (0.618 and 0.705 Fibonacci levels). By using these price action techniques and key levels, traders can develop a strategic approach to buying and selling Bitcoin based on the chart provided. Happy trading! ?? Follow @Alexgoldhunter for more strategic ideas and minds
Judging from daily candle, GU closed at strong bearish on last Friday. I'm expecting a healthy retracement during Asian session today and probably will continue retracement during Europe session. I'm looking for sell entry in the sell zone marked on the chart. Of course my decision will be depending on price action in a lower time frame. I'm waiting any reversal pattern inside the sell zone in the lower time frame. Good luck
AST ~ 5D #AST If you still have Conviction on the coin,. Buy gradually after successfully breaking through this resistance line with a Full candle. Short term target of at least 20%+
My Bitcoin roadmap for this bull run. Price seems to respect the levels (green lines), and has given great positions since August. How to use this map: 1. When the price punctures one of the green lines, expect more upside. Look for a pullback to get inn. 2. Add on when the price breaks out above the green lines. As you can see in March 2024, we punctured the line at $73,300. Then when it pulled back, It went back to retest it. I did not pass the line on the next attempt, so this is a signal to short. Especially when we saw price pass the line at $60,500 in May 2024. Right now, price has clearly broken above $103,800. Usually, we go 2 levels before a stronger pullback. In this case, that should lead us to $129,000. You're welcome to contact if you have any questions.
NASDAQ:AAPL AlexGoldHunter Analysis Using Price Action Techniques Key Levels and Zones Support and Resistance Levels: Support: Around $242.98 (Swing Low p/D Low) and $244.00. Resistance: Around $248.12 (current price) and $250.00 (Swing High p/D High). Volume Profile: High volume nodes around $244.00 and $248.00 indicate significant trading activity and potential support/resistance zones. Order Blocks (OB): Identified near $230.00 and $244.00, suggesting areas where institutional buying or selling might have occurred. Price Action Patterns Break of Structure (BOS): Multiple BOS annotations indicate areas where the price has broken previous highs or lows, signaling potential trend continuation or reversal points. Change of Character (CHoCH): CHoCH annotations suggest shifts in market sentiment, potentially indicating reversals or significant pullbacks. Indicators RSI: Current RSI value around 62.93 suggests the market is not overbought or oversold. MACD: The MACD line is above the signal line, indicating bullish momentum. Buy Strategy Entry Point: Consider buying near the support level around $244.00, especially if there is a bullish candlestick pattern or a BOS above this level. Stop Loss: Place a stop loss below the recent swing low or the support level at $242.98. Take Profit: Target the resistance level around $250.00 or higher if the price shows strong bullish momentum. Sell Strategy Entry Point: Consider selling near the resistance level around $250.00, especially if there is a bearish candlestick pattern or a CHoCH indicating a potential reversal. Stop Loss: Place a stop loss above the recent swing high or the resistance level at $250.00. Take Profit: Target the support level around $244.00 or lower if the price shows strong bearish momentum. Conclusion This chart provides a detailed view of AAPL's price action, highlighting key support and resistance levels, volume profile, and significant price action patterns. By using these price action techniques, traders can develop a buy and sell strategy based on the identified levels and patterns. Happy trading! ?? Follow @Alexgoldhunter for more strategic ideas and minds
https://www.tradingview.com/x/NOhvftXD/ Tesla will continue to be strong for a long time. If there is a correction, there will be a strong rebound in the first and second wave indicators.
Overview: The BTCUSD pair demonstrates robust bullish momentum as observed across varying time frames, substantiating a strong upward trend in the short to medium term. This analysis delves into the dynamics from 5-minute to 1-day charts, detailing critical technical levels and potential strategies for capitalizing on the current market conditions. Technical Analysis: 1. Short-Term Volatility and Momentum (5M and 15M Charts): - On the 5-minute and 15-minute charts, the pair showcases pronounced short-term volatility, marked by quick shifts in price direction. This indicates high intra-day trading activity. - Notably, the 15-minute chart evidences a pattern of higher lows and higher highs, underpinning sustained buying pressure and a short-term bullish bias. 2. Medium-Term Trend Consolidation (1H and 4H Charts): - The 1-hour chart reveals a clear bullish trend with consecutive green candles, highlighting strong buyer dominance. - The 4-hour chart amplifies this perspective, showing fewer but larger bullish candlesticks, crucial for assessing the medium-term market direction, which leans decisively bullish. 3. Long-Term Market Sentiment (1D Chart): - The daily chart solidifies the bullish narrative with larger upward moves, offering a comprehensive view of the long-term market sentiment favoring the bulls. Key Technical Levels: Support Levels: - Short-term support at $104,800. - Mid-term pivotal support at $102,500. - Major baseline support at $100,000, significant for longer-term trades. Resistance Levels: - Initial resistance observed near $106,000. - Following this, psychological resistance may emerge around $107,000, a potential area for profit-taking. Technical Indicators: Moving Averages: Incorporating moving averages (50-day and 200-day) confirms the bullish setup, as they are positioned below the current trading price, signaling a buy trend. RSI and MACD: These indicators are key to identifying overbought conditions or any potential trend reversals. Monitoring for divergence between these indicators and price action could forewarn of momentum shifts. Trading Strategy: - Buying on Dips: Given the bullish momentum, entering positions on minor retracements offers an advantageous route, utilizing the existing upward drive. - Setting Stop-Losses: It's prudent to set stop-loss orders below significant support levels to safeguard against sudden downturns. - Profit Taking: Establishing profit targets near identified resistance levels or after notable price increases can maximize gains from the trend. Conclusion: BTCUSD offers a compelling bullish outlook across all examined time frames, presenting lucrative opportunities for traders. It's advisable to remain vigilant, monitoring volume and price action for confirmation of ongoing momentum, while adjusting trading strategies to align with unfolding market dynamics and managing risks efficiently.
EURUSD made a new fake low but broke higher on Friday. Possible low is in; looking for a possible re-test of PZ for a long to target 1.0566.