The head and shoulders pattern successfully played out, with OMXCOP:NOVO_B reaching my full target at 670. Check out my original post: https://www.tradingview.com/chart/NOVO_B/NTWlAtN8-Novo-Nordisk-could-be-dropping-15-from-here/ The stock experienced a significant drop, falling as much as 27% on the Friday before Christmas. This was triggered by test results for their obesity drug, CagriSema, which showed patient weight loss of 22.7% - below the anticipated 25%. I believe this reaction is an overcorrection and have taken advantage of this rare opportunity to purchase OMXCOP:NOVO_B , first at 680 and again at 600. I now plan to hold patiently, expecting Novo Nordisk to reach new all-time highs in the coming years.
Dogecoin seems to go for a possible re-test towards the upper zone of resistance. This is the zone we will be switching our attentions on once we reach it, where we will be looking for a possible rejection from there (a successful re-test). Another possible case would be that we would see a straight dump on the markets upon coming close to New Year so stay safe and minimise the risk while trading!! Swallow Team
COINEX:DOGEUSDT It has risen 340% since the day it was signaled. Now you can buy on red supports for future targets. If Bitcoin corrects to the $78,000-$80,000 range, Dodge can also correct to the 0.16 support. Don't forget to follow, boost and comment
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Trend & Moving Averages: The price is consolidating between MA50 (orange) at $98,392 and MA200 (green) at $96,569. This suggests indecision in the market, but a breakout above the MA200 could trigger stronger bullish momentum. RSI Momentum: RSI is currently at 65.17, indicating bullish momentum but nearing the overbought zone. This could lead to either a breakout or a short-term pullback. Key Levels: Support: $100,000 Resistance: $96,000 Strategy: Bullish: Wait for a confirmed breakout above $100,000, with a target towards $110,000+. Bearish: SL if price breaks below $96,000 COINBASE:BTCUSD .
1. Overall Chart Pattern: On the weekly timeframe, Ethereum is forming a long-term symmetrical triangle. This pattern indicates price consolidation, which can lead to a strong breakout in either direction. 2. Key Resistance Levels: $3,500 - $3,700: This range acts as a significant resistance and has previously halted price rallies. $4,800: If the first resistance is broken, this level becomes the next target. $7,300: A long-term target in case of a breakout above the triangle's upper boundary. Ethereum (ETH) Technical Analysis Based on the Chart: 1. Overall Chart Pattern: On the weekly timeframe, Ethereum is forming a long-term symmetrical triangle. This pattern indicates price consolidation, which can lead to a strong breakout in either direction. 2. Key Resistance Levels: $3,500 - $3,700: This range acts as a significant resistance and has previously halted price rallies. $4,800: If the first resistance is broken, this level becomes the next target. $7,300: A long-term target in case of a breakout above the triangle's upper boundary. 3. Key Support Levels: $3,000: A strong support zone and the intersection of the triangle’s lower trendline. $2,500: A critical support in case the initial support is breached. 4. Price Pattern Analysis: The symmetrical triangle pattern suggests price consolidation, which could lead to a strong move once the price breaks either the upper or lower boundary of the triangle. Bullish Scenario: A breakout above the $3,500 level could push the price toward the next resistances at $4,800 and $7,300. Bearish Scenario: A break below the $3,000 support might drive the price toward $2,500 or even lower levels. Suggested Trading Scenarios: Long Position: Entry Condition: Breakout above $3,500 with increasing volume. Targets: Target 1: $4,800 Target 2: $7,300 Stop Loss: Below $3,300 Short Position: Entry Condition: Break below the $3,000 support. Targets: Target 1: $2,500 Target 2: $2,000 Stop Loss: Above $3,200
Did you spot this famous pattern forming on bitcoin usd chart. It will be interesting to see how it plays out. Merry Xmas and happy New year
USD/CAD Analysis (4H) : USD/CAD is forming a bearish wedge pattern, with price breaking below the ascending trendline. The pair is currently testing a support zone near 1.4350. If this level fails, further downside toward 1.4200 is expected. RSI also signals weakening momentum, supporting the bearish outlook. Watch for a confirmed breakdown for potential short setups.
Description: This trading idea focuses on MOVE, a cryptocurrency designed to revolutionize the mobility and transportation sectors through blockchain technology. MOVE aims to create a decentralized ecosystem for ride-sharing, electric vehicle charging, and urban transport solutions, fostering efficiency, transparency, and sustainability. With the rising demand for smart urban mobility and green transportation, MOVE has positioned itself as a forward-thinking player in the industry, offering real-world utility and growth potential for users and investors alike. As promising as its fundamentals may be, the cryptocurrency market remains volatile, with price fluctuations driven by external factors such as regulatory developments, market sentiment, and macroeconomic conditions. Investors should exercise caution and adopt sound risk management practices when trading MOVE or any other digital asset. Disclaimer: This trading idea is for educational purposes only and does not constitute financial advice. Trading cryptocurrencies like MOVE involves significant risks, including the potential loss of your entire investment. Always conduct thorough research, evaluate your financial position, and consult a professional financial advisor before making investment decisions. Past performance is not indicative of future results.
Hello guys I am sharing a TA on here which I eventually should not even because it represents a Cheat Code for Solana at this Point. We are looking to see the fifth wave of the fifth wave in this cycle for Solana, firing up as we speak. What am I doing?! - Leverage Position in from 178$ - 20X Higher Margin Spot Position: Buying the Best Meme on SOL with most Logic in my Opinion, Doge Jones Industrial Average (Prank of the Dow Jones) Why best -> It has Logic, you can only prank the DOW once, the market sent it to 15 Million MC in its first push and I am expecting it to go to 30M Market Cap in this Push! I called SPX6900 at 15M MC, Went to a Billion Soooo.... 15X Spot Play right there for you, Just apply Common Sense ! 1BN maybe next year then for the Patient Ones under you. Overall Sol looks amazing, Memes on it will moon, Let's freaking Go!