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ChatGPT SOL Analysis: Daily Time Frame with Weekly Support at $8 SOL Analysis: Daily Time Frame with Weekly Support at $80 and Weekly Resistance at $137 1. Price Movement Analysis: - Since October 30, 2023, the price of SOL has been trending within an upward channel. - This upward channel signifies consistent buying pressure and bullish momentum in the market. 2. Interaction with Weekly Levels: - Despite the upward trend, the price has respected the key weekly support at $80 and weekly resistance at $137. - The price movements within the channel have oscillated between these levels, indicating their continued relevance even within the broader uptrend. 3. Confirmation of Trend: - The sustained upward movement within the channel confirms the bullish trend in SOL. - Each successive higher low and higher high reinforces the strength of the uptrend. 4. Importance of Channel: - The upward channel provides traders with clear boundaries for potential entry and exit points. - Traders can consider buying near the lower boundary of the channel and selling or taking profits near the upper boundary. 5. Potential Breakout Opportunities: - Traders should watch for potential breakout opportunities above the weekly resistance at $137. - A decisive breakout could signal a continuation of the uptrend, potentially offering opportunities for further gains. 6. Risk Management: - Despite the bullish trend, risk management remains crucial. - Traders should set stop-loss orders to protect profits and mitigate losses in case of a trend reversal or unexpected market events. 7. Monitoring Volume and Momentum: - Pay attention to trading volume and momentum indicators to assess the strength of the trend and potential reversals. - Increasing volume during upward movements can confirm bullish momentum, while divergence in momentum indicators may signal weakening strength. 8. Market Catalysts: - Stay informed about any developments or news that could impact SOL's price, such as protocol upgrades, partnerships, or regulatory changes. - These catalysts can influence market sentiment and contribute to significant price movements. 9. Summary: - SOL has been trading within an upward channel since October 30, 2023, while respecting the weekly support at $80 and weekly resistance at $137. - Traders can utilize the channel boundaries for entry and exit points, while closely monitoring for potential breakout opportunities. - Risk management and staying informed about market catalysts are essential for navigating the market effectively and capitalizing on trading opportunities.
by nawaab001
#WLD Cup & HandleChatGPT A cup and handle pattern is a technical chart pattern used by traders and analysts to identify potential bullish price reversals or continuations in financial markets, particularly in stocks and cryptocurrencies. It is characterized by two main parts: the "cup" and the "handle." Here's a breakdown of the cup and handle pattern: Cup: The cup portion of the pattern resembles the shape of a tea cup or a rounding bottom. It usually starts with a downtrend and then forms a rounded, U-shaped bottom. During this phase, the price gradually declines, creating a "bowl" shape on the chart. The cup should ideally last several weeks to several months, but the exact duration can vary. Handle: Following the formation of the cup, there is a period of consolidation or a minor pullback in the price. This consolidation phase forms the "handle" of the pattern, which typically takes the shape of a short, downward-sloping price channel or a flag-like pattern. The handle usually lasts a shorter duration compared to the cup, often a few weeks to a couple of months. The "cup" represents a period of accumulation, where buyers are slowly gaining control, while the "handle" shows a temporary pause in the upward movement before the price is poised to continue higher. Trading strategy for a cup and handle pattern: Traders often look for an entry point to go long (buy) when the price breaks out above the resistance level formed by the top of the cup (the highest point in the pattern). A common practice is to place a stop-loss order just below the low of the handle, which is the lowest point in the handle phase. The price target is typically derived by measuring the depth of the cup and projecting it upwards from the breakout point. It's essential to keep in mind that not all cup and handle patterns lead to successful bullish moves, and they should be considered in the context of other technical and fundamental factors. Regarding your mention of "wld token," please note that as of my last knowledge update in September 2021, I don't have information on specific tokens or assets that may have been created or become popular after that date. Therefore, if "wld token" is a cryptocurrency or asset that has emerged after that date, I would not have specific information about it or its price patterns. You may want to consult a real-time financial chart or analysis platform to check for the presence of a cup and handle pattern in the price chart of the "wld token" or any other specific asset.
Long
by vickyrama1979
2
HDFC BANK LTD ANALYSIS FOR LONG TERM INVESTMENTAS PER MY ANALYSIS IN MONTHLY CHART OF HDFC BANK LTD IT IS THE BEST TIME TO INVEST IN HDFC BANK LTD (NSE) FOR LONG TERM.....BEST STOCK FOR SWING TRADERS AS THE TREND IS UP IN MONTHLY CHART....AND COMMODITY CHANNEL INDEX INDICATOR IS ALSO BELOW -100 LEVEL(OVERSOLD REGION)..AS YOU WILL SEE A BULLISH HARAMI PATTERN IN MONTHLY CHART IN SHORT TERM CORRECTION WHICH ALSO GIVE A BEST SUPPORT...AND AS PER MY TRADING SIGNAL IT IS ALSO POSITIVE... RSI(3) IS ALSO BELOW 20 WHICH ALSO SHOWS THAT STOCK IS IN OVERSOLD REGION... MACD AND MOVING AVERAGE IS NOT SUPPORTING IT FOR SHORT TERM...YOU WILL FIND SOME MORE DIPS FOR SHORT TERM(IN DAILY CHARTS )BUT FOR LONG TERM IT IS THE BEST.... SO CAN LOOK FOR LONG TERM INVESTMENT....
NSE:HDFCBANKLong
by CHATTAN-CROWN-COMPANY
3
APLAPOLLO - POCs EMAs and TrianglesChat markings are self explanatory.. but here is the brief summary anyways. On hourly TF, the price has successfully trading above the 200 period EMA. In the previous instances, when it traded above 200 HEMA, it moved about 10%. Based on the past pattern/price action, a retest of 200HEMA cant be ruled out (around 1550 levels) Also, POCs of the previous sessions are now acting as a strong resistance (1595-1600) 1600 CE has significant writers, unless the price moves and trades above, price movement will be subdued until then. The good news is that 10% of them have covered already, if the price moves swiftly, the rest of them also will cover and thereby propel the move on the upside if the price closes below 1540 on hourly, the GAP filling at the lows at 1400 levels cant be ruled out either. On Daily TF, price is trading within the Triangle and can attract supply at the higher levels. I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.
NSE:APLAPOLLO
by Murthy_Santhosh
EURUSD Forecast for 28th Feb 2023The EUR/USD needs to avoid the $1.0587 pivot to target the First Major Resistance Level (R1) at $1.0642. A move through the Monday high of $1.06199 would signal a bullish session. However, the EUR/USD would need the stats and the ECB chatter to support a breakout session. In the case of an extended rally, the bulls will likely test the Second Major Resistance Level (R2) at $1.0674 and resistance at $1.07. The Third Major Resistance Level (R3) sits at $1.0761. A fall through the pivot would bring the First Major Support Level (S1) at $1.0555 into play. However, barring a data-fueled sell-off, the EUR/USD pair should avoid sub-$1.05. The Second Major Support Level (S2) at $1.0500 should limit the downside. The Third Major Support Level (S3) sits at $1.0415. Looking at the EMAs and the 4-hourly chart, the EMAs send a bearish signal. The EUR/USD sits below the 50-day EMA ($1.06286). The 50-day EMA slipped back from the 200-day EMA, with the 100-day EMA pulling back from the 200-day EMA, delivering bearish signals. A move through the 50-day EMA ($1.06286) and R1 ($1.0642) would give the bulls a run at R2 ($1.0674) and the 100-day EMA ($1.06756). A move through the 50-day EMA would send a bullish signal. However, failure to move through the 50-day EMA ($1.06286) would leave the Major Support Levels in play. The US Session It is a day on the US economic calendar. Goods trade data for January will draw interest early in the session. However, barring a marked widening in the goods trade deficit, the numbers should have a muted impact on the dollar. The US CB Consumer Confidence numbers for February will influence. A larger-than-expected rise in confidence would support the more aggressive Fed monetary policy outlook. Economists forecast the Index to increase from 107.1 to 108.5. Other stats include house price data. However, the latest jump in US mortgage rates will mute investor sentiment towards a likely slowdown in house price growth in December. Following the latest Core PCE Price Index numbers, investors should also monitor FOMC member chatter.
Long
by skarantraderq
WHEN BASE IS STRONG THEN RESULT IS LIKE THIS SEE HOW ?COMPARING MY YESTERDAY STATEMENTS WITH REAL MOVE IN BNF. 1. Before starting this blog I would like to congratulate to one of my esteemed followers Mr. Arvind who is a discipline trader and this quality makes him different from others. I have been observing him for quite sometime, he is regular earner from this market. In fact , the urge to learn and be focused on his trading makes him daily earner. See todays comment box you all will be amazed by his logic to take trade and exit. Whatever I shared in previous posts , He still remember all basic points and implements in his trading room. Yesterday I did not carry any position in long side whereas he carried , when booked profit at given green dotted zone , He gave good reasons of enrty which took in second candle . Means one position carried forward in long side aand intraday entry on 2 candle. This is how trading is done. The main thing is that he tries to understand concept and remenber all previous important points while trading. That makes him Disciplined. One more thing I like how, He helped others in trades by make them remembering all points time to time to which I shared in my previous posts. That is why I tell every trader to vist comment box of previous day when current post is finished . There you will get many trading tips in form of questions and replies.I never prefer private chat until and unless thing is really private. Just because every question asked in private chat , I would like to reply publicly sothat others can also be benifited. That is the main reason to discourage private chats. I am happy slowly-2 people are understaning market and earning by helping each others through comment box. Serve people selflessly as I try to do, sharing my skill to all . If you undersatnd any concept help your co-trader. That culture I want to start in comment box. 2. Now In yesterday post in point no.1 clearly mentioned that, I quote for you " If dow sustains its gain then only gap up open can turn this resistance into up trend move." . You all can see bnf opened gap up and made a very special candle circled in green whenever you see this type of small doji in starting of uptrend then get ready for good rally. This is valid for upward trend only. when I started my career , while reading candlesticks I came through this candle from that day to till now I caught many rallies on this basis of course today one. In my last thursday post I told you that after crossing green dotted line price can go to blue line . If crosses this then sentiments will change to long. See yourself market crossed blue line and gave 400 pts rally . One of my followers was ready to short at green zone in Frustration because he missed rally to green zone . Thanks To Mr. Arvind he remianded him my instructions. Later on when price crossed blue line He also took entry with sl of that line and made good profit wrote himself in comment box. He should be thankful To Mr. Arvind to save him from such big loss. 3. In thursday post I mentioned that to travel the distance till zone will take time. Same happened took two days. See whatever be the circumstances by news My analysis never get failed because I manifest the conditions of trade first then go for entry. keeping all conditions mentioned in my mind. Can you take out any post now in 100 nos. where my conditions gets failed. Nope single time. This is the game of switching of sentiments. One should put hard work in education. Rather getting tips from others. Stand on your own. Trading Plan for next day. 1. See one thing is clear that Micro structure of down trend has changed to intermidiate structure of down trend. Otherwise micro pullback did not convert into deep retacement by taking out blue line. 2. In fig. I took my position when 1 candle got completed and did not breach the red dotted channel line and made small doji .With this candle I took my entry . See one needs to be so skillful to draw channels like I showed in red channel( upper end removed) that gave me clear vision with candlestick support for my entry.This is classic channel I made yesteday, people even cannot think about it with perfect move catching. I booked my 1 position on lower end of green channel Where Mr.Arvind booked. Then price entered into no entry area on either sides shown in white color arrow. This area is very dangerous where trend could take u Turn.2nd position I took with the sl of blue line booked near green solid line. 3. I made pink , green zone either trend can change to down from this zone or can change to red resistance. In any case price takes out red resistance then down trend will switch into main trend upwards. Onthe contrary if red line is not breached and taken out then down trend will start after this deep retracement. I cleared every condition take your trade accordingly with sl. Rest market will decide. YOGESH VATS
NSE:BANKNIFTY
by yvatsji
71