Solana (SOL) Possbile liq$ grabSolana (SOL)
For the past six months, Solana has been stuck in a flat trend and recently made a lower low. This is not bullish and is rather concerning for anyone hoping for higher levels. The price also closed the week with a 9% loss.
While support at $130 has held well to date, this does not guarantee that it will be tested again in the future. Even if the trend is flat, the price action leans bearish, which could see bears return.
Looking ahead, unless the overall market sentiment improves, Solana will struggle to rally again. The current resistance is at $164.
Gann
Strategic Buy Opportunity in the DJI
Description:
Explore a well-rounded approach to capitalizing on buy opportunities in the Dow Jones Industrial Average (DJI) on TradingView. This guide provides essential fundamental insights to help you navigate the complexities of trading this major index with confidence.
Fundamentals Overview:
1. **Economic Indicators**: Monitor key U.S. economic metrics such as GDP growth, unemployment rates, and inflation figures. These indicators influence corporate earnings and investor sentiment, driving movements in the DJI.
2. **Corporate Earnings**: Pay attention to earnings reports from major corporations within the DJI. Strong earnings can boost investor confidence and lead to higher index values, while disappointing results can have the opposite effect.
3. **Federal Reserve Policies**: The Fed's stance on interest rates and monetary policy plays a critical role in shaping the performance of the DJI. Lower interest rates generally support stock market growth, while rate hikes can slow down economic expansion.
4. **Geopolitical Events**: Keep an eye on global political and economic developments that may impact market stability. Trade tensions, fiscal policies, and global economic health are crucial factors that can sway the DJI.
Disclaimer:
Trading indices like the Dow Jones Industrial Average (DJI) involves significant risk and may not be suitable for all investors. The highly volatile nature of the stock market can lead to substantial losses. It is important to thoroughly understand the risks involved, consider your investment objectives, and assess your financial situation before engaging in index trading. Past performance is not indicative of future results. Consult with a qualified financial advisor if you are uncertain about your investment strategy.
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Leverage this comprehensive guide to refine your trading strategy on the DJI, ensuring that your decisions are well-informed and grounded in strong fundamental analysis. Stay updated with real-time market insights and be prepared to act on buy opportunities in this influential index.
#Bitcoin Update on Friday 16.08.2024
A.O.A and Good Morning to All Brothers and Sisters.
#Bitcoin Continue Dumping And Till Now No Sign For Trend Reversal. Our Sell Trade Was Confirmed Yesterday and Reached Also The First TP.
What's Next?
#Bitcoin Now Creating a Y Wave(Arrow#2,#4) And This Is Most Worst Wave According to Ichimoku Theories. In This Wave Bitcoin Move Without Any Rule. But i Draw The Support and Resistance Lines(Blue=4H & Black=Daily TF). I prefer To Wait Breakout of YWave Lines For Next Trades.
#ALTS
#Alts Are Moving With Bitcoin. And How We Know Bitcoin Dominance is Too High. #Alts Are Moving Drastically With Bitcoin Dump. Thats Why No Reason To Waste Money on Stoplosses.
Be Patience and Wait For Right Moment
I Wish You All Very Nice Day.
BTCUSD 15 MIN GANN ANALYSIS 16 08 2024 06:16 AM ISTBTCUSD 15 minutes chart shows consolidation zone of 57139 and 57858. Breakouts on either side of both the levels. targets on upside is 58447. Target on downside is 56537.
Happy Trading !!!
N.B. Not a financial advice to buy or sell.With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.
RICO Auto After Multi(19)-YR Breakout @Retest Level - LT InvestRico Auto has given multi year breakout in March 2024 and now retesting the breakout level 114.40 It can be a good opportunity to enter with a stop loss below 100 on closing basis.
More near 100 one takes the position, smaller the stop loss would be.
For Rico auto, 225 rupees is target by size, see Fib levels.. but target by X factor is 114.40 /4.25 =26.91 * 114.40=3079 in ~6 years(19* 0.35 )
For now one can trade for target by size that is 225 which might come sooner in ~2 years. It must ideally follow the Elliott wave drawn in purple.
There are Gann lines in in red color acting as resistance lines and those coming downward from top left to bottom right need to cleared on monthly closing basis to resume up move i.e. monthly close above 136 is needed.
Where as The Gann line moving up from bottom left to top right, the green one must not be broken else this call most likely to fail. The Gann line in red moving up is acting as profit booking indicator, if not all partial profit booking can be done around it and buy back near orange trendline.
Better the channel line drawn in Orange is not broken to make sure the stock does not loose strength and as per that 100-102 is the stop loss area as of now.
The vertical lines in yellow are time cycle lines from where either it starts a new up move or down move, next that cycle starts around October 2026.
** this is not a trade advise, just my technical analysis. Please take any trade as per your analysis and study.
NASDAQ COMPOSITE INDEX DAILY CHART GANN ANALYSIS 15 AUGUST 2024.Nasdaq Composite Index made a swing low at 15222.78 on 19 April 2024. From that low we had cycle target at 17125.63 which was achieved on 05 June 2024 with a gap up. earlier we made a high at 17022.66 on 28 May 2024 and then we retraced to important level of 16490.18 on 31 May 2024. We see the next cycle birthzone level was crossed again with a gap up on 12 June 2024 and it was again retested on 24 June 2024 with intermediate high at 17650.69 on 20 June 2024 which was a double top with earlier top at 17636.36 on 17 June 2024. The second cycle target comes at 18790.62. Till date we have achieved a high of 18671.07 on 11 July 2024.
We saw a good correction till 15698.49 on 05 August 2024 an Gann date. Again we have achieved the first cycle level target again at 17125.63 which was earlier achieved on 05 June 2024.We may see momentum above 17601.34 and we have supports at 16887.77. Short term traders can watch this levels for further clues on the index.
Happy Trading !!!
N.B. Not a financial advice to buy or sell. With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.
Buy Trade Idea for #STAR Capitalizing on Promising FundamentalsDescription
Crypto STAR is rapidly emerging as a strong contender in the digital asset space, driven by its innovative technology and solid fundamentals. Key points supporting Crypto STAR include:
- **Revolutionary Technology:** Crypto STAR leverages advanced blockchain technology that enhances transaction speed, scalability, and security, providing a robust infrastructure for a wide range of applications.
- **Strong Ecosystem Growth:** The Crypto STAR network is experiencing significant growth, with a rising number of decentralized applications (dApps) and partnerships, contributing to its expanding use cases and market presence.
- **Sustainable Tokenomics:** Designed with a sustainable tokenomics model, Crypto STAR ensures a balanced distribution of tokens, which supports long-term value appreciation and network stability.
- **Low Transaction Fees:** The platform’s efficient architecture allows for minimal transaction fees, making it an attractive option for users and developers looking for cost-effective solutions.
Given these compelling fundamentals, Crypto STAR presents a promising buy opportunity for those looking to invest in a cryptocurrency with strong growth potential and market adoption.
Disclaimer
Trading and investing in cryptocurrencies involve significant risk and can result in substantial losses. The content provided here is for informational purposes only and should not be considered financial advice. Always conduct your own research, consider your risk tolerance, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results, and the value of investments can fluctuate widely.
BANK NIFTY GANN ANGLES AND PRESSURE DATES 14 AUGUST 2024Bank nifty has broken the important level of 50022.85 on the chart yesterday. We have a pressure dates on 07 August 2024, 20 August 2024 and 27 August 2024. We have failed to the level of 51134.70 on the charts. Remember the exit polls high of 51133.30. we have next supports at 49189.15 and 48911.70. Below 48911.70 we may see deeper correction. For any recovery to start on the index we need to cross the 51134.70 level. We will observe further movements or price action around the pressure dates given above.
Happy Trading !!!
Buy Trade Idea for CRV Capitalizing on DeFi Growth Description
CRV (Curve DAO Token) is a key player in the decentralized finance (DeFi) space, offering robust fundamentals that support its potential for long-term growth. Here are the critical aspects of CRV:
- **Dominant Position in DeFi:** CRV is the governance token for Curve Finance, one of the largest decentralized exchanges (DEX) focused on stablecoin trading. Its role in the DeFi ecosystem gives it significant utility and influence.
- **Efficient Liquidity Provision:** Curve Finance is known for its efficient liquidity provision, low slippage, and minimized impermanent loss, which enhances the attractiveness of CRV to liquidity providers and traders.
- **Strong Community and Governance:** CRV holders have a say in the protocol’s development and direction through decentralized governance, ensuring that the community has a direct impact on the platform’s future.
- **Growing Ecosystem:** CRV’s integration with various DeFi platforms and protocols continues to expand, driving further adoption and use cases for the token.
These strong fundamentals make CRV a compelling buy opportunity for those looking to invest in the ongoing growth and influence of the DeFi sector.
Disclaimer
Trading and investing in cryptocurrencies involve significant risk and can result in substantial losses. The content provided here is for informational purposes only and should not be considered financial advice. Always conduct your own research, consider your risk tolerance, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results, and the value of investments can fluctuate widely.
BANKNIFTY DAILY CHART GANN ANALYSIS 13 AUGUST 2024"A picture is worth a thousand words" is an adage in multiple languages meaning that complex and sometimes multiple ideas can be conveyed by a single still image, which conveys its meaning or essence more effectively than a mere verbal description. A pic with thousands words.
Level to watch is 49717.80. I am loving it.
Happy Tradiing !!!
N.B. Not a financial advice to buy or sell. With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.
S&P 500 INDEX GANN ANALYSIS DAILY CHART 13 AUGUST 2024S&P 500 saw an exact "Hit and Run" case on recent swing low. The recovery thereafter is another important level of 5366.32 seen on charts. we need to watch this level for further growth. Supports at 5253.16 and thereafter at 5159.64.
Happy Trading !!!
N.B. Not a financial advice to buy or sell. With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.
EURCAD 12.8 - XIt's a fresh new week ahead of us! Hello, traders. Let's start by analyzing EUR/CAD.
As you can see, the target for sells from the previous week was reached. So, here's what I'm focusing on now: Ideally, I'd like to see some signs of strength, which is what I’m watching for on smaller timeframes. Buys remain valid until the break of the low. If the price goes lower, the Point of Interest (POI) will be adjusted.
I will only post new analyses for some setups, as I’ve mainly updated ideas with comments on the existing ones.
AUDNZDLast week's sell trades on AUDNZD were highly successful, with price nearing the final take-profit target. As price approaches this key buy zone, I anticipate a potential small rise before selling off from the nearest supply zone down to the demand zone. From there, I will look for structure development / flip and wait for if price gives me a reason to enter the buy position.
#ONDO - Capitalizing on a DeFi Game-Changer
Description
ONDO is quickly becoming a prominent player in the decentralized finance (DeFi) space, offering unique features and a strong value proposition. Key fundamentals of ONDO include:
- **Innovative Yield Strategies:** ONDO provides users with access to structured yield strategies, allowing for a more tailored approach to earning returns in the DeFi ecosystem.
- **Partnerships and Integrations:** The ONDO protocol has secured significant partnerships with leading DeFi platforms, enhancing its utility and adoption across the industry.
- **Risk Management Tools:** ONDO offers built-in risk management features that help users navigate the volatility of the DeFi market, making it a safer option for investors.
- **Growing User Base:** As more users recognize the benefits of ONDO’s unique offerings, the platform is experiencing steady growth, contributing to its long-term potential.
Given these strong fundamentals, ONDO presents a compelling buy opportunity for investors looking to engage with a transformative force in the DeFi sector.
Disclaimer
Trading and investing in cryptocurrencies involve significant risk and can result in substantial losses. The content provided here is for informational purposes only and should not be considered financial advice. Always conduct your own research, consider your risk tolerance, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results, and the value of investments can fluctuate widely.
Buy Trade Idea for Threshold Tapping Into Secure DeFi Solutions
Description
Threshold (T) is a cryptocurrency project that stands out for its focus on privacy, security, and decentralized finance (DeFi). Here are the core fundamentals driving interest in Threshold:
- **Privacy-Preserving Technology:** Threshold combines advanced cryptographic techniques to protect user data and ensure privacy, making it a leading choice in the privacy-focused crypto space.
- **Decentralized Infrastructure:** The project leverages a decentralized network to provide secure, permissionless services, including staking, lending, and cross-chain functionalities.
- **Innovative Use Cases:** Threshold enables users to mint tBTC, a fully decentralized Bitcoin on Ethereum, allowing for a secure bridge between Bitcoin and the DeFi ecosystem.
- **Strong Community and Partnerships:** The Threshold project benefits from a strong, active community and strategic partnerships with key players in the blockchain industry, further solidifying its position in the market.
These fundamentals suggest that Threshold has significant potential in the growing DeFi landscape, presenting a promising buy opportunity for investors.
Disclaimer
Trading and investing in cryptocurrencies involve significant risk and can result in substantial losses. The content provided here is for informational purposes only and should not be considered financial advice. Always conduct your own research, consider your risk tolerance, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results, and the value of investments can fluctuate widely.
Buy Trade Idea for Crypto ZETA Capitalizing on Strong MarketDescription
Crypto ZETA is rapidly gaining traction in the digital asset space, underpinned by strong fundamentals and a promising future. Here are the key highlights:
- **Innovative Blockchain Technology:** Crypto ZETA leverages an advanced blockchain protocol designed to improve transaction speed and scalability, addressing key challenges faced by other cryptocurrencies.
- **Robust Security:** The network employs state-of-the-art encryption and consensus algorithms, ensuring high levels of security and resilience against attacks.
- **Expanding Ecosystem:** Crypto ZETA is witnessing increasing adoption, with a growing number of decentralized applications (dApps) and partnerships contributing to its ecosystem's expansion.
- **Efficient Transaction Costs:** The network's design ensures low transaction fees, making it an attractive option for users and developers seeking cost-effective blockchain solutions.
These solid fundamentals position Crypto ZETA as a promising investment opportunity, making it a strong candidate for a buy trade in the current market environment.
Disclaimer
Trading and investing in cryptocurrencies involve significant risk and can result in substantial losses. The content provided here is for informational purposes only and should not be considered financial advice. Always conduct your own research, consider your risk tolerance, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results, and the value of investments can fluctuate widely.
NiIFTY50, What can we expect this month?As per the gann chart. It's already made monthly low. 3 - month support has been observed and It's formed trend line on the daily basis. If open and close as below 24240. Then further downside can expect to the level of 23730 and 23650. Let see.
High on sell this week. 24444, 24575.
BTCUSD WITH GANN SYSTEM RULES DAILY ANALYSIS 10 AUGUST 2024BTCUSD pair has been struggling to cross the birthzone above the previous ATH of 69000. The Birthzone level of 71876 is very important as seen on chart. We have made first attempt to clear this level on 14 March 2024 with ATH of 73794. Other attempts were made on 27 March 2024 and 08 April 2024. Support was taken at Momentum level 2 at 61330 at 21 March 2024. Thereafter at 61278 on 17 April 2024. Next we took resistance at Deathzone level of 66124 on 22 april 2024. We took support at Trend decider level of 57498 on 01 May 2024.
Again we made an attempt to clear the Birthzone level of 71876 on 20 May 2024 and 07 May 2024. Again we failed to sustain above the Birthzone level. We corrected to Momentum level at 53663 at Momentum level 1. We made an high of nearly 69000 on 29 July 2024. current corretion we hit nearly the level of Birtzone of 48871. Actual low came in at 49577 0n 05 August 2024 an Gann Date. Now we have bounced to momentum level 2 on 08 August 2024 within 3 days. trend decision level is 61330 above which trend is positive with supports coming in at 57498. Usse the system prudently to make decent profits following the rules of Gann trading system.
Happy Trading !!!