LONG position initiated based on completion of ABC correction pattern. Technical Analysis of Momentum Indicators RSI currently at 57, indicating favorable buying conditions Stochastic RSI (Daily): Currently in oversold territory, with bullish signal forming with K line approaching D line crossover Rate of Change (ROC) positive (above 0), confirming bullish momentum All momentum indicators are showing signs the correction is over and now have a bullish bias. Price Targets Short-term target zone: $0.12078 - $0.13126 Based on 1.618 Fibonacci extension level ($0.12078) Monthly resistance level ($0.13126) Trading Plan Maintaining LONG position based on convergence of bullish indicators, monitoring price action until the stochastic RSI reaches the overbought region on the daily at which point I will review price action for potential reversal. Medium-term analysis and price projections to follow in subsequent idea. If you like this idea please like, and follow if you would like to receive further updates on GALA
LOOKS GOOD ENOUGH TO BUY AT 60 TO 65 ZONE Stoploss Is 49 Target 1 - 85 Target 2 - 100 Target 3 - 123 Long Term Investment Upside 125 Huge Target
Volume Surge: A significant increase in volume is observed, indicating heightened trading activity. Key Points: Blue Box Zones: These are your potential entry points where buyers may become active. Strategy: Consider joining the trade from the blue box zones to capitalize on the momentum. Conclusion: The volume surge and identified blue box zones suggest a strong potential for upward movement. Keep a close watch on these areas for optimal entry points. I keep my charts clean and simple because I believe clarity leads to better decisions. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. My Previous Analysis ? DOGEUSDT.P: Next Move ? RENDERUSDT.P: Opportunity of the Month ? ETHUSDT.P: Where to Retrace ? BNBUSDT.P: Potential Surge ? BTC Dominance: Reaction Zone ? WAVESUSDT.P: Demand Zone Potential ? UNIUSDT.P: Long-Term Trade ? XRPUSDT.P: Entry Zones ? LINKUSDT.P: Follow The River ? BTCUSDT.P: Two Key Demand Zones ? POLUSDT: Bullish Momentum ? PENDLEUSDT: Where Opportunity Meets Precision ? BTCUSDT.P: Liquidation of Highly Leveraged Longs ? SOLUSDT.P: SOL's Dip - Your Opportunity ? 1000PEPEUSDT.P: Prime Bounce Zone Unlocked ? ETHUSDT.P: Set to Explode - Don't Miss This Game Changer ? IQUSDT: Smart Plan ⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One ? STMXUSDT: 2 Buying Areas
after several days of decline, XLI is finding support on the 50 sma and there is a CDV divergence. the stop loss is clear and not far from the entry point. Elliot wave : after an M correction the 5 wave is about to begin
Price is currently in a H1 Downtrend and we have an corrective move that just tapped into a Downward Fairvalue gap and price shows a change in momentum via H1 H1 bearish candles indicating a downward continuation
RBN just tested its Demand area and 200 EMA with a long wick candle and then a bullish candle, also there is price action forming in the golden zone of the Fibonacci level. In addition, there is also possibility of a golden cross with the 50 SMA and 200 SMA in a few days possibly. There is a small chance of recovery after Monday's pull back to the 200 EMA. Have a safe day
wif It broke the triangle upward but did not break the upward trend. This is a strong indicator of a move to the upside
Don't forget to check my previous analysis. Afer gold edges up to 2,05% since break out from wide sideways range, finally it's close to resistance area in 2719-2722. Technically, i see classical resistance which it's a LH from D1 chart. It's a invalid seller to hold short position for a longer time. Seller must be exit from market if this level broke up. I also see fibonacci 1.618 in 2719-2722 and we know it's a strong fibbo level that can cause a correction movement. If this area become a strong resistance i anticipate to take a short position and use 2695-2705 as a profit target. Disclaimer ON! DYOR and always put your SL level to prevent bigger risk to your account. Thankyou
Volume Profile Insights: A significant volume surge is evident in the volume profile charts, indicating strong buyer activity. Strategic Moves: Early Entry: Securing a ticket on this bullish train early could be a game-changer. Blue Box Zones: These are your key areas to watch for potential buy-in action. Conclusion: The impressive buyer interest in ELFUSDT, coupled with the volume surge in the charts, suggests a potentially lucrative opportunity. Keep an eye on these strategic zones to make the most of this bullish momentum. I keep my charts clean and simple because I believe clarity leads to better decisions. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. My Previous Analysis ? DOGEUSDT.P: Next Move ? RENDERUSDT.P: Opportunity of the Month ? ETHUSDT.P: Where to Retrace ? BNBUSDT.P: Potential Surge ? BTC Dominance: Reaction Zone ? WAVESUSDT.P: Demand Zone Potential ? UNIUSDT.P: Long-Term Trade ? XRPUSDT.P: Entry Zones ? LINKUSDT.P: Follow The River ? BTCUSDT.P: Two Key Demand Zones ? POLUSDT: Bullish Momentum ? PENDLEUSDT: Where Opportunity Meets Precision ? BTCUSDT.P: Liquidation of Highly Leveraged Longs ? SOLUSDT.P: SOL's Dip - Your Opportunity ? 1000PEPEUSDT.P: Prime Bounce Zone Unlocked ? ETHUSDT.P: Set to Explode - Don't Miss This Game Changer ? IQUSDT: Smart Plan ⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One ? STMXUSDT: 2 Buying Areas
?GBPUSD: A High-Risk Uptrend Retracement The GBPUSD pair is currently undergoing a high-timeframe downtrend. However, we’re observing a short-term retracement to the upside . While this may offer potential trading opportunities, it’s crucial to approach this market with caution. ⚠️ Holding a Long Position above 1.3559 is HIGH-RISK Key Levels to Watch: SLO2 @ 1.3652 ⏳ RESISTANCE @ 1.35874 SLO1 @ 1.3458 ⏳ TP4 @ 1.3359 TP3 @ 1.3005 TP2 @ 1.2776 TP1 @ 1.2445 BLO1 1.2107 ⏳ BLO2 1.1900 ? Risk Warning: Holding a long position above 1.3559 is considered high-risk due to the underlying downtrend. Please exercise prudent risk management and consult with a financial advisor if necessary. Stay tuned for further updates as the market evolves.