Tesla ( NASDAQ:TSLA ) still looks quite bullish: https://www.tradingview.com/x/WLPP9ueP/ Click chart above to see the detailed analysis?? Just a couple of weeks ago I published a bunch of analysis, explaining all the reasons for a potential -40% drop on Tesla. However on the higher timeframe, Tesla still looks quite strong and with the bullish break and retest playing out so far, we could even see new all time highs soon. Levels to watch: $260, $400 Keep your long term vision, Philip (BasicTrading)
Gold had a strong 4hr timeframe rejection from the 2960-2980 zone. Also had a triple bottom in the same area. Showing super strong signs of another bullish run. Gold is making the strong move up to the 3140 area once 3100 is broke. Should get a small rejection off the 3140 zone before a strong push up to a new all time high. Next all time high goal is 3200 ? Short Notes: •Run up to 3140 (Small rejection/load up zone) •Then Load up zone 3110-3100 •Take Profit area 3200 As always, trade safe during these high volatility times and go crush it!?
Huge demand on the way up and very little interest to sell at the current highs. A bullish flag has been formed and in my opinion would be a great place to put a bet on taking also in consideration a support zone as confluence too and then add to the position once breakout occurs at the top. In Brazil since September the consumer is already feeling the prices in their pockets with an increase of almost 50% on the price of the coffee.
I would be looking to long Eth at 1480 upon the liquidity sweep of internal liquidity at 1480 area, Eth has also got a pending retest of order block of 1470 - 1480 area. Stop-loss will be placed slightly below the previous low at 1358. I'll be aiming 1724 - 1800 for take profit. Given that we have CPI tomorrow, this could work as the perfect timing setup get our limit order filled.
The Relative Strength Index (RSI) is showing an upward trend, indicating increasing momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bullish crossover, further supporting the potential for an upward move.
During the European trading session on Wednesday, technically, a small double bottom was formed on the 4 - hour chart, with the neckline support near $3020. If the strength of this small double bottom is strong enough, generally, there is a low probability that the neckline at $3020 will be broken down and closed below it again for the time being. The common attack intensity on the 4 - hour chart is at the level of about $100. Especially considering the current high volatility of the global market, the price fluctuates around $100 within a day. As for the resistance, a relatively strong position is near $3135 - $3140, which is the real starting point of the decline after experiencing two or three strong swings last week. This position can be regarded as the defensive line for short positions in the short term. That is to say, if this resistance level is not broken, it can be considered as a period of large - range swings up and down at a high level or a period of oscillating pullback. If it is broken upwards, there is a possibility that the price will continue to break the historical high. At present, we can first focus on the area around the $3100 mark as an important resistance level. I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.
The Relative Strength Index (RSI) is showing an upward trend, indicating increasing momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bullish crossover, further supporting the potential for an upward move.
Given the data and technical indicators for GBP/USD, here's a breakdown of potential trading options: Key Indicators: RSI (Relative Strength Index): The RSI for multiple timeframes is somewhat low (19.44 on the 1-minute chart, 40.47 on the 5-minute chart, 59.50 on the 15-minute chart, and so on). A low RSI value often indicates that the asset is oversold, which can suggest a potential buying opportunity. MACD: The MACD shows mixed signals across different timeframes (slightly negative on some timeframes, but with positive momentum on the longer ones). This suggests a neutral to slightly bullish trend in the near future. Stochastic Oscillator: The Stochastic Oscillator is at 15.52 on the 1-minute chart and increases to 61.12 on the 5-minute chart. A value of 15.52 suggests that the market might be oversold on the 1-minute chart, and a potential reversal could be coming. Aroon Oscillator: The Aroon Oscillator is mostly negative on shorter timeframes, indicating a downtrend, but positive on longer timeframes, suggesting some bullish pressure. Average Directional Index (ADX): The ADX for the 1-minute chart is at 29.74, which is relatively low, meaning there isn't a strong directional trend. On longer timeframes (1 hour and 4 hours), the ADX is higher, suggesting some trending potential. Balance of Power (BOP): The BOP is positive on the 1-minute timeframe (0.52), but turns negative as timeframes increase, indicating a loss of buying momentum. Support & Resistance Levels: The recent price data shows a price range between 1.27436 (low) and 1.28641 (high), indicating recent support at the lower bound (1.27436) and resistance at the upper bound (1.28641). Possible Trading Scenarios: Bullish Scenario (Buy): RSI: The RSI on the shorter timeframes (like 1-minute and 5-minute) is on the low side, suggesting the market is oversold and could be due for a reversal. Stochastic: The 1-minute Stochastic is low, signaling a potential short-term rebound. Price Action: If the current price is around 1.27946 and you believe in a potential reversal from oversold conditions, you could consider buying with a target near 1.28641 (recent high). Bearish Scenario (Sell): Aroon Oscillator: On the shorter timeframes, the Aroon Oscillator is negative, suggesting some bearish momentum. Resistance Level: The current price (1.27946) is closer to the lower bound of the recent price range, and the resistance is just above at 1.28641. If the price struggles to break above this, a bearish trade could be considered. MACD: With the MACD showing some negative readings, a potential sell order can be placed if the market fails to break above resistance. Neutral Scenario (Wait & See): ADX: The ADX on the shorter timeframes suggests a lack of strong momentum, so it might be best to wait for a clearer trend to emerge. BOP: The negative BOP on higher timeframes suggests that there is more selling pressure. Conclusion: Best Trade (Short-term): Given the oversold RSI, a buy trade could be a good option with a target near the recent resistance level at 1.28641, assuming the price shows signs of reversing upward. Stop Loss: Consider placing a stop loss near the recent low (1.27436) to protect against a larger downtrend.
Gold is extremely bullish right now due to Tariff wars! So what's next? Option 1: Gold rejects from CMP and drops down towards $3,040. Option 2: Gold climbs a little higher towards $3,110 - $3,140 before dropping down. Which scenario do you find more likely?
ONDO in a falling wedge at support. The class A bullish divergence on momentum and trend oscillator presents good data for follow-through. However, a proper pivot structure defined by a CHOCH would be epic. Full TA: Link in the bio