The stock can be accumulated at these levels with SL around 120. Its is being retraced and likely to test its Bullish pennant breakout level of 146.08 which will be over 50% retracement against the recent High, if retraced till 62%, the downside could be Rs. 138. So it should be accumulated between these levels. Safe side traders should enter the trade at its previous HH of 195 for the next expected level of 240+ Entry at these level with SL of 120 will make first TP of 200 with RR of 1:1 and for 1:2 TP2 would be around 240
I have sold out of my XRP positions, while everyone is bullish on XR, I see genuine concerns. The momentum indicators show strong bearish potential, as key indicators across time frames signal declining momentum. The weekly chart highlights overbought conditions and weakening bullish pressure, while the daily and intraday signals suggest a likely rejection at resistance. This setup presents an opportunity to target lower price levels with a structured trade plan. Higher Time Frame: Weekly RSI: Overbought at 84, indicating prices are high. Declining momentum suggests fewer buyers are interested at these levels. Stochastic RSI: Overbought at 93 with a bearish crossover (K line crossing below D line), reinforcing declining momentum. Rate of Change (ROC): Extremely high at 360, the highest since 2018, but now in decline. This further supports bearish momentum. The weekly time frame points to a clear bearish bias. Momentum is fading, and the correction likely hasn't played out fully. Lower Time Frame: Daily RSI: Moderating at 64, suggesting prices are more appealing but still in a vulnerable position given the broader context. Stochastic RSI: Oversold, hinting at the potential for upward momentum. However, this is occurring within a descending channel, and prices are nearing resistance, increasing the likelihood of a rejection. While the daily chart shows stabilization, the overall bearish momentum from the weekly suggests that any upside may be short-lived. Intraday View: 4-Hour Stochastic RSI: Bearish crossover, aligning with the descending channel resistance on the daily chart. Short-term momentum supports the view of rejection at resistance and a move to the lower part of the channel. Summary I believe the correction is still playing out, and the descending channel will eventually break to the downside my price targets are - Target 1: 618 Fib Level / $1.49 Target 2: 786 Fib Level / $1.00 Risk Factors Monitor momentum indicators (RSI, Stochastic RSI, ROC) for shifts. Keep an eye on volume and broader market conditions (e.g., Bitcoin dominance and sentiment).
Considering that it is in an ascending channel, it is not unlikely to reach 0.44 and 0.45 in the coming hours. Entry : 0.4160 TP1: 0.4312 TP2: 0.4425
I follow Photon Strategy: Weekly: Lot of LQ below 1.04264 4H: Swing: Bearish Internal: Bullish, Pulled back below EQ M15: Swing: Bearish Internal: Not yet turned bullish, may happen during the London session Sells: At extreme POI, 1.05242 will be HP Buys: After Asian low LQ taken out will be HP 4H Chart: https://www.tradingview.com/x/BmD3GHxh/
On the 1-hour chart, GBP/USD is poised to retest the range resistance at 1.28. A break above this key level could lift prices toward 1.281. We’re looking to go long at 1.275, with a stop loss placed at 1.2715 to manage risk effectively.
Description: This trading idea focuses on HNT (Helium), the native token of the Helium Network, which revolutionizes the Internet of Things (IoT) industry by offering a decentralized and scalable wireless network. By incentivizing individuals to deploy low-cost hotspots, Helium creates a global network for IoT devices, enabling efficient data transfer and connectivity. HNT serves as the reward mechanism for network participants, ensuring scalability and growth. With the increasing demand for IoT solutions across industries, Helium's unique approach positions HNT as a promising investment in the blockchain and technology space. Nevertheless, it's important to consider that the cryptocurrency market is highly volatile and influenced by regulatory changes, market trends, and global economic conditions. Investing in HNT requires careful research, a sound risk management strategy, and a clear understanding of the risks associated with the sector. Disclaimer: This trading idea is for educational purposes only and should not be considered financial advice. Trading cryptocurrencies like HNT involves significant risk, including the possibility of losing your entire investment. Always conduct thorough research, evaluate your financial position, and consult a financial advisor before making any investment decisions. Past performance is not indicative of future results.
There’s a few resistance lines that it has yet to break free of, whether on hourly or daily. Wait for a possible pull back to $1.50 range
NVDA Stock Analysis Classical pattern analysis style Mid-term and long-term time frames The main range of the number 140 is that this important number and strong probability will become support and the market will enter the rising wave and move towards the target of 170. The profit percentage is 20%
One can Buy Tanla at the current market rate of 700 to 710. All the Time frames have made HL and have retested the levels of 700. The indicators. RSI Divergence show oversold territory. The stock has potential to test the level of 750 to 762 in short term and one can go long on the stock for the targets of 1400. SL - 675.00 for short term and 600.00 for long term
On the H4 timeframe, USOIL has breakout above a wedge pattern, signaling a potential shift toward bullish momentum. The breakout is visually projected using an orange-colored box, highlighting the zone where the price successfully moved above the wedge's upper boundary. This breakout indicates an increase in buying pressure, suggesting that the price may trend higher in the near term. The next key resistance levels to watch are 71.3 and 72.2, which align with significant historical price zones and are set as profit targets. Caution is advised, as a reversal that pushes the price back into the wedge would invalidate this bullish outlook. It is advisable to place a stop-loss just below the wedge’s upper boundary. Disclaimer: This analysis is part of a trading plan and does not constitute trading advice. Technical analysis is probabilistic in nature and does not guarantee profitability. Always implement proper risk management in every trading decision.