Hello, Cardano is a proof-of-stake blockchain network which can run smart contracts and dApps on its ecosystem. Arguably the beginning of the third generation of cryptocurrency, founder Charles Hoskinson broke away from his position at Ethereum in 2015 to create what is now considered one of the more peer-assessed projects in the game. Its native token ADA (named after English mathematician Ada Lovelace) was launched in 2017 and is designed to oversee governance and encourage participation in its ecosystem. The coin is currently correcting hence setting up for a good opportunity for buys. The flag pattern is a great pattern that can be used for continuation confirmation. From a fundamental perspective; Cardano has officially ratified its first-ever Constitution, marking a significant milestone in the network’s evolution toward decentralized governance. The document, shaped by months of community discussions, workshops, and input, provides a structured governance model for the ecosystem. The Constitution, which has received broad approval from DReps and the ICC, will take full effect on February 23. It aims to establish clear rules, transparency, and accountability, ensuring that ADA holders play a direct role in shaping Cardano’s future. I see an opportunity to buy this Crypto in the short term. You can access this crypto using Tradenation or any other brokers that integrate with TradingView. https://www.tradingview.com/brokers/ Sources https://www.tradingview.com/symbols/ADAUSD/ideas/?exchange=TRADENATION https://www.tradingview.com/symbols/ADAUSD/?exchange=TRADENATION https://www.tradingview.com/symbols/ADAUSD/news/?exchange=TRADENATION Good luck!
? ? Asset: Inhibikase Therapeutics, Inc. (IKT) ? Timeframe: 30-Min Chart ? Setup Type: Trendline & Triangle Breakout Long Trade ? Trade Plan (Long Position) ✅ Entry Zone: Above $3.26 (Breakout Confirmation) ✅ Stop-Loss (SL): Below $3.07 (Break of Support & Trendline) ? Take Profit Targets ? TP1: $3.44 (First Resistance Level) ? TP2: $3.69 (Final Target – Extended Bullish Move) ? Risk-Reward Ratio Calculation ? Risk (SL Distance): $3.26 - $3.07 = $0.19 risk per share ? Reward to TP1: $3.44 - $3.26 = $0.18 (0.95 R/R) ? Reward to TP2: $3.69 - $3.26 = $0.43 (2.26 R/R) ? Technical Analysis & Strategy ? Triangle Breakout Setup: The price is breaking out from a symmetrical triangle, signaling potential upside momentum. ? Trendline & Support Bounce: Price is holding above the ascending trendline, confirming a bullish structure. ? Breakout Confirmation: A strong bullish candle above $3.26 with volume would validate the breakout. ? Momentum Shift Expected: A push above $3.26 could lead to a breakout rally toward $3.44 (TP1) and $3.69 (TP2). ? Key Support & Resistance Levels ? $3.07 – Strong Support / Stop-Loss Level ? $3.26 – Entry / Breakout Level ? $3.44 – First Resistance / TP1 ? $3.69 – Final Target / TP2 ? Trade Execution & Risk Management ? Volume Confirmation: Ensure strong buying volume above $3.26 before entering. ? Trailing Stop Strategy: Move SL to entry ($3.26) after TP1 ($3.44) is hit. ? Partial Profit Booking Strategy: ✔ Take 50% profits at $3.44, let the rest run to $3.69. ✔ Adjust Stop-Loss to Break-even ($3.26) after TP1 is reached. ⚠️ Fake Breakout Risk ❌ If price breaks below $3.07, it could indicate a bearish continuation—exit early. ❌ Wait for a strong candle close above $3.26 for confirmation before entering aggressively. ? Final Thoughts ✔ Bullish Setup – Holding above $3.26 could lead to higher targets. ✔ Momentum Shift Possible – Watch for volume confirmation. ✔ Favorable Risk-Reward Ratio – 1:0.95 to TP1, 1:2.26 to TP2. ? Stick to the plan, manage risk, and trade smart! ?? ? #StockTrading #IKT #BreakoutTrade #TechnicalAnalysis #MarketTrends #ProfittoPath #DayTrading #MomentumStocks #SwingTrading #TradingView #LongTrade #TradeSmart #RiskManagement #StockBreakout #Investing #StockAlerts #ChartAnalysis ??
NASDAQ:MSFT - Stock finally seeing some buyers coming in. Stock bouncing off $405 region after testing it multiple times. looking for calls above $416.80 for a move towards $420 and $422, Stock has a gap from $422.3 to $440. looking for gap fill if enters here
? ? Asset: Anteris Technologies Global Corp. (AVR) ? Timeframe: 30-Min Chart ? Setup Type: Symmetrical Triangle Breakout Long Trade ? Trade Plan (Long Position) ✅ Entry Zone: Above $8.23 (Breakout Confirmation) ✅ Stop-Loss (SL): Below $7.97 (Break of Support & Trendline) ? Take Profit Targets ? TP1: $8.52 (First Resistance Level) ? TP2: $8.86 (Final Target – Extended Bullish Move) ? Risk-Reward Ratio Calculation ? Risk (SL Distance): $8.23 - $7.97 = $0.26 risk per share ? Reward to TP1: $8.52 - $8.23 = $0.29 (1.1 R/R) ? Reward to TP2: $8.86 - $8.23 = $0.63 (2.4 R/R) ? Technical Analysis & Strategy ? Triangle Breakout Setup: The price is breaking out from a symmetrical triangle pattern, suggesting a bullish continuation. ? Support & Trendline Bounce: Price tested the rising trendline support (~$7.97) and bounced. ? Breakout Confirmation: A strong bullish candle above $8.23 with increasing volume would confirm the move. ? Momentum Shift Expected: If price holds above $8.23, a rally toward $8.52 (TP1) and $8.86 (TP2) is likely. ? Key Support & Resistance Levels ? $7.97 – Strong Support / Stop-Loss Level ? $8.23 – Entry / Breakout Level ? $8.52 – First Resistance / TP1 ? $8.86 – Final Target / TP2 ? Trade Execution & Risk Management ? Volume Confirmation: Ensure strong buying volume above $8.23 before entering. ? Trailing Stop Strategy: Move SL to entry ($8.23) after TP1 ($8.52) is hit. ? Partial Profit Booking Strategy: ✔ Take 50% profits at $8.52, let the rest run to $8.86. ✔ Adjust Stop-Loss to Break-even ($8.23) after TP1 is reached. ⚠️ Fake Breakout Risk ❌ If price breaks below $7.97, it could indicate a bearish continuation—exit early. ❌ Wait for a strong candle close above $8.23 for confirmation before entering aggressively. ? Final Thoughts ✔ Bullish Setup – Holding above $8.23 could lead to higher targets. ✔ Momentum Shift Possible – Watch for volume confirmation. ✔ Favorable Risk-Reward Ratio – 1:1.1 to TP1, 1:2.4 to TP2. ? Stick to the plan, manage risk, and trade smart! ?? ? #StockTrading #AVR #BreakoutTrade #TechnicalAnalysis #MarketTrends #ProfittoPath #DayTrading #MomentumStocks #SwingTrading #TradingView #LongTrade #TradeSmart #RiskManagement #StockBreakout #Investing #StockAlerts #ChartAnalysis ??
Shooting Star Pattern: Meaning and Trading Rules In the fast-paced world of trading, recognising key chart patterns is crucial for informed decision-making. One pattern that traders often look for is the shooting star trading pattern. This article will delve into what a shooting star pattern is, how to spot it on a chart, its associated trading strategies, and its distinctions from similar patterns. What Is a Shooting Star? A shooting star in trading is a bearish candlestick pattern that can signify a potential reversal of an uptrend. It consists of a single candlestick with the following characteristics: - A small body that is located at the lower end of the candlestick. - A long upper shadow that is at least twice the length of the candle's body. - A short or nonexistent lower shadow. The appearance of the setup suggests that the price opened near its low and rallied significantly during the trading session but ultimately closed near its opening price. This pattern indicates sellers regained control after a brief period of bullishness. While the formation is considered more probable when it closes red, it’s possible to see a green shooting star. A green shooting star candlestick simply indicates that sellers weren’t able to push the price down quite as aggressively. How Can You Trade the Shooting Star? The shooting star trading strategy involves the following key points: - Entry: After identifying the candle in the strong uptrend, consider entering a short position. To validate the pattern, you may wait for the next one or two candles to close below the shooting star. - Take Profit: Although candlestick patterns don’t provide specific entry and exit points, you can use common technical analysis techniques. For example, you may set a take-profit level based on the support level, Fibonacci retracement level, or nearest swing lows. - Stop Loss: You may want to protect your position with a stop-loss order. This is usually placed above the high price of the shooting star. This helps potentially limit losses if the pattern doesn't lead to a reversal. Let's consider a live market example of a shooting star in the stock market to illustrate the concept. A trader analyses the Meta stock chart and spots a shooting star stock pattern after an extended uptrend. They wait for confirmation, i.e. for the next bar to close lower. Upon confirmation, they decide to enter a short trade, setting their take-profit target at a significant support level and placing a stop loss above the formation’s high. https://www.tradingview.com/x/gyaKhgrq/ How Traders Confirm the Shooting Star Signals Confirming the shooting star pattern's reliability involves a multifaceted approach, adding robustness to your trading decisions. Traders look beyond the candlestick itself, integrating various technical analysis tools to validate signals. Key confirmation methods include: - Volume Analysis: A high trading volume accompanying the shooting star candlestick pattern can strengthen the signal, indicating that the reversal is supported by significant market participation. - Subsequent Candles: Observing the next few candles for bearish confirmation is essential. A strong bearish candle following the shooting star suggests that sellers are gaining momentum. - Technical Indicators: Indicators can offer confirmatory signals, particularly momentum indicators like the Relative Strength Index (RSI) and Stochastic Oscillator. A moving average crossover can also add confluence. - Support and Resistance Levels: The proximity of the shooting star to established resistance levels enhances its significance. A shooting star forming near a resistance zone often signals a strong reversal point. - Above Swing High/Low: A shooting star pattern that breaks into the area just above a key high or low before reversing can signal a stop hunt/liquidity grab. - Contextual Analysis: The broader market context, such as prevailing trends and economic news, can influence the pattern's effectiveness. Aligning the shooting star with broader market sentiment increases the pattern’s reliability. Shooting Star and Other Candlestick Formations Let's compare the shooting star with other patterns with which it is often confused. Shooting Star vs Inverted Hammer The shooting star and inverted hammer look similar – they have small bodies and long upper shadows. However, they differ in their implications. The former is a bearish reversal pattern found in uptrends, while the latter is a bullish reversal formation seen in downtrends. Shooting Star vs Evening Star Both formations signal an uptrend reversal; however, the shooting star is a single-candle setup, whereas the evening star consists of three candles, including a large bullish candle, a small-bodied candle, and a large bearish candle. Shooting Star vs Gravestone Doji The shooting star and gravestone doji are both bearish reversal patterns. The shooting star features a small body at the lower end of the candlestick with a long upper shadow, signifying a failed rally. In contrast, the gravestone doji has no or a tiny real body, as the open and close prices are identical or nearly identical, with a long upper shadow and no lower shadow. The gravestone doji suggests strong indecision in the market, with buyers initially driving prices up but ultimately failing to maintain that momentum, which often signals a sharp reversal. Shooting Star vs Hanging Man The shooting star and hanging man also share similarities but differ in appearance and market positioning. The shooting star is a bearish pattern occurring after an uptrend, indicating a potential reversal as bears managed to pull the price down at the end of a trading session. Conversely, the hanging man appears at the top of an uptrend as well but has a small body at the upper end and a long lower shadow, reflecting that sellers were able to push the price down significantly before buyers pulled it back up. The hanging man suggests that selling pressure is starting to outweigh buying interest. Advantages and Limitations This formation offers traders valuable insights, but it comes with its own set of advantages and limitations. Understanding these can help traders use the pattern more effectively within their strategies. Advantages - Early Reversal Signal: It provides an early indication of a potential trend reversal, allowing traders to prepare for or act on a change in market direction. - Simplicity: The pattern is straightforward to identify, even for less experienced traders, making it an accessible tool for technical analysis. - Versatility: It can be applied across various markets and timeframes, with traders often spotting the shooting star in forex, stock, and commodity markets as well as across both short-term and long-term charts. Limitations - False Signals: The pattern alone is not always reliable and can generate false signals, especially in volatile markets or when not used with other confirmation tools. - Lack of Precision: It does not provide exact entry or exit points, requiring traders to rely on additional indicators or analysis to determine these. - Dependency on Context: The effectiveness of the formation is highly dependent on the broader market context and trend strength, limiting its standalone use. Final Thoughts Understanding chart patterns like the shooting star is essential for making informed decisions in trading. Remember that while this formation can provide valuable insights, it is more effective in conjunction with other tools for signal confirmation. As a trader, staying informed about market developments and continuously honing your skills could be a key to effective trading in the dynamic trading environment. Open an FXOpen account today to trade in over 600 markets with tight spreads from 0.0 pips. FAQ Can Candlestick Patterns Be Time-Sensitive? Yes, candlestick patterns vary depending on the timeframe. A shooting star on a 1-minute chart provides short-term signals, while a shooting star on a daily chart may signal a longer-term reversal. However, the choice of timeframe goes hand in hand with your market strategy and goals. How to Improve Candlestick Pattern Recognition Skills? Improving your candlestick pattern recognition skills requires practice and study. You can analyse historical charts, use trading simulators, read educational materials like those at FXOpen, and engage with experienced traders to gain insights and practical experience. Why Are Candlestick Patterns Important in Trading? Candlesticks visually represent price action and help traders identify potential trend reversals, continuations, and key support and resistance levels. They are valuable tools for technical analysis. What Is the Meaning of a Shooting Star Pattern? The shooting star pattern is a bearish reversal candlestick that forms after an uptrend. It signals a potential shift in market sentiment, where buyers initially drive the price higher, but sellers take over, pushing the price back down near its opening level. Is a Shooting Star Candlestick Bullish? No, a bullish shooting star does not exist. It is a bearish pattern, indicating that an uptrend may be losing momentum and that a reversal to the downside could be imminent. A similar bullish formation is the inverted hammer. Is a Shooting Star a Doji? A shooting star is not a doji. While both patterns can signal reversals, a doji has nearly identical opening and closing prices with no significant body, reflecting indecision, whereas a shooting star has a small body with a long upper shadow, indicating a failed rally. How Can You Trade a Shooting Star Candle? Trading this candle involves looking for confirmation of the reversal, such as a bearish candle following the pattern. Traders often set stop-loss orders above the shooting star's high and target profit levels near key support zones or previous lows. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
? XAUUSD Technical Analysis – Triple Top Reversal in Play! ? Gold (XAUUSD) has formed a Triple Top pattern at the peak of the uptrend, signaling a potential trend reversal. The third top acted as a liquidity trap, luring in late buyers before price started to decline aggressively. A confirmed breakdown below the 50 EMA with strong bearish candles indicates that sellers are taking control. ? Key Technical Confirmations: ✅ Triple Top Formation – A strong bearish reversal pattern ✅ Liquidity Trap on the Third Top – Fake breakout, followed by sharp selling pressure ✅ 50 EMA Breakdown – Confirms shift in momentum towards the downside ✅ Bearish Momentum Increasing – Price likely to extend losses ? Next Downside Targets: ? First Target: 200 EMA ? Key Levels: 2882, 2862, 2842, 2830, 2812, 2774, 2751 Gold is likely to continue its bearish move towards these levels. A break below the 200 EMA will add further confirmation for deeper declines. ? Like, comment, and follow for more expert market insights! ??
Pairs on Watch - FX:GBPUSD FX:GBPCAD FX:COPPER A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
? Market Overview: Trend: TRUMP/USD is in a downtrend, consolidating below the 200 EMA, with limited bullish momentum. Key Levels: Resistance: $17.05 – The 200 EMA acting as a strong resistance. Support: $16.60 – Holding price from further decline. Indicators: EMA 200: Price remains below, confirming bearish dominance. MACD: Bearish, with slight divergence indicating possible consolidation. RSI: 46.70 – Neutral, but leaning toward oversold territory. ? Scalping Strategy (Expanded Targets) ? 1. Range Scalping Buy near: $16.60 – $16.65, targeting $16.90 – $17.05. Sell near: $17.05 – $17.15, targeting $16.60. Stop-loss below: $16.50. Profit Potential: ~2.71% per trade. ? 2. EMA Scalping Long entries near: $16.60 with stop-loss at $16.50. Exit at: $17.05 resistance. ? 3. Breakout Scalping If TRUMP/USD breaks above $17.05, go long toward $17.50 – $18.00. If TRUMP/USD drops below $16.50, short toward $16.00. ? Mid-Term Trend Forecast (1-3 Weeks): If TRUMP/USD holds above $16.60, expect a retest of $17.05+. A break below $16.50 opens the door for further decline to $16.00 or lower. ? News & Market Context: TRUMP/USD is down -61.86% in the last month, indicating a lack of sustained demand. No strong bullish catalysts present at the moment. Low trading volume suggests whales are not accumulating aggressively. ? Decision: ? Short-term: Favor range scalping between $16.60 – $17.05. ? Mid-term: A breakout above $17.05 would signal a potential reversal. ? Ideal Play: Buy near $16.60, sell near $17.05, or short below $16.50. ? Final Verdict: TRUMP/USD remains weak below $17.05. Until bulls reclaim this level, range scalping is the best strategy. If it breaks below $16.50, further downside is likely. ? "In the battlefield of trading, hesitation is a weakness. Move with precision, or be swept away." ?
Hello Members, Checkout the latest update on what's is happening in India Stock Market and when will the correction in market gets over. Checkout the levels and also do not forget to watch watch our previous videos for better understanding the levels
Injective Long Idea Injective on higher time frames looks like bottomed. Volume profile looks good. Taking long. Bybit INJUSDT E: 14 or Market Entry TP1: 17.881 TP2: 19.962 TP3: 27.581 TP4: 34.064 TP5: 39.695 TP6: 48.690 SL: 13.581