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24.10.13 Whale IndexNice to meet you. I'm Whale_signal I leave a short message The market has been in a rather dull sideways phase over the weekend, Based on the Dow theory, the upward possibility remains open as it has not deviated from the previous low range of the one-hour bar If you break through the high point, the purple whale indicator located at the top may act as a resistance interval, so it's important to note this Conversely, if a strong breakthrough occurs and closes, it can be seen as a signal of a trend shift in the current downward channel, so attention to the subsequent pressed section seems to be needed Meanwhile, it's worth keeping open the possibility of a downward break from the 1-hour peak low range in Dow theory and paying attention to the box and purple whale indicators at the bottom of the 62.9-63k range This section is also the place where the previous sale site was formed, so we can expect it to serve as a short-term support line, In the event of a strong downward departure, we can see that the downward channel continues Under these market conditions, we share notable support, resistance, and inflection sections through whale indicators, so please refer to them The whale indicator simply points to support and resistance I hope you can take the RBI through the whale index in your analysis ***whale surface intensity*** Purple>>>Orange>>>White (Purple indicators are the strongest)
by Whale_signal
TRITURBINE: A Technical Breakout Backed by Strong FundamentalsTriveni Turbine Ltd. Stock Symbol: NSE:TRITURBINE Market Cap: INR 23,700 crore Buy Range: INR 767-805 Current Price: INR 795.80 (as of October 13, 2024) Introduction Triveni Turbine Ltd., a leading player in the industrial steam turbine market, is positioned for significant growth due to its robust order book, growing presence in international markets, and strong financial performance. Coupled with a recent technical breakout on the charts, this stock is showing promising signs for investors and traders alike. In this article, I will analyze both the technical setup and the fundamental strengths that make Triveni Turbine a stock worth watching. Technical Analysis The recent price action of Triveni Turbine showcases a bullish breakout from a well-defined consolidation phase. Let’s dive deeper into the technical indicators driving this breakout. Consolidation Phase : Over the past few months, Triveni Turbine had been trading within a narrow range, oscillating between INR 670 and INR 750. The stock formed a descending trendline that acted as resistance, suppressing any potential price rise. Such consolidations often lead to strong price movements, depending on which way the breakout occurs. Breakout: On October 11, 2024, the stock decisively broke above the trendline resistance, hitting a new high of INR 805, closing at INR 795.80—an impressive +6.88% gain for the day. Breakouts from consolidation phases like this often indicate that a new uptrend may be forming, with more upside potential. Volume Spike : A key confirmation of this breakout is the noticeable spike in volume. The breakout occurred on significantly higher-than-average volume, signaling strong buying interest. A volume increase typically accompanies strong breakouts, suggesting the move is backed by institutional or large-scale buying. Support and Resistance: Post-breakout, immediate support is established around INR 750-770, where the stock had previously struggled to move past. The next resistance zone lies around INR 840, which would be a key level to watch in the short to medium term. Technical Indicators : The 50-day moving average (MA) is trending upwards, further supporting the bullish momentum. The stock is currently trading above its MA, adding to the strength of the ongoing price trend. In conclusion, the breakout from consolidation, supported by rising volume and positive technical indicators, suggests further upside potential for Triveni Turbine. Fundamental Analysis Now, let’s turn to the fundamentals, which further bolster the case for Triveni Turbine’s potential for sustained growth. Industry Leader in Steam Turbines: Triveni Turbine holds a dominant market share of over 60% in India’s industrial steam turbine market. Its steam turbines, used across more than 20 industries and installed in over 75 countries, make it a global leader in the space. Industries like sugar, steel, cement, chemicals, and waste-to-energy systems all benefit from its innovative turbine solutions, especially as demand for decentralized power generation grows. Record-Breaking Financial Performance: In Q1 FY25, the company posted its highest-ever quarterly revenue and EBITDA. Notably, the EBITDA margin expanded by 240 basis points year-over-year, showcasing significant operational improvements. This robust performance sets a strong foundation for continued financial success in the coming quarters. Impressive Order Book: Triveni Turbine’s order book stands at an impressive INR 1,600 crore, offering strong visibility for revenue well into FY26. The company's quarterly order bookings surged by 40% year-on-year, with exports accounting for a substantial 66% of the total. The company's increasing focus on international markets offers immense growth potential, while the domestic market remains poised for recovery in the coming quarters. Aftermarket and Refurbishment Services: One of the standout growth areas for Triveni Turbine is its aftermarket and refurbishment services. This segment has seen notable growth in revenue share and operates at higher margins compared to its core product sales. With the ability to service and upgrade turbines from other OEMs, Triveni Turbine is uniquely positioned to capitalize on long-term customer relationships and expand its presence in this high-margin segment. Focus on Renewable Energy: As industries and governments globally push for renewable energy solutions, Triveni Turbine’s expertise in waste heat recovery and waste-to-energy systems gives it a competitive edge. The growing demand for renewable energy solutions and decentralized power generation will further enhance the company’s growth prospects in the future. Growth Catalysts Several factors make Triveni Turbine a compelling growth story: Rising global demand for decentralized steam power systems. Strong export performance, with 66% of orders coming from international markets. Expanding margins from high-margin services like aftermarket and refurbishment. Leadership in renewable energy applications, particularly in waste-to-energy and heat recovery systems. Risks to Consider While Triveni Turbine is fundamentally strong and the technical chart signals bullish momentum, there are some risks to be aware of: The subdued domestic performance in Q1 FY25 due to the election cycle. However, this is expected to recover in the coming quarters. Currency fluctuations may impact export margins, as a significant portion of revenue is generated from international markets. Conclusion With both strong technicals and robust fundamentals, Triveni Turbine Ltd. presents a compelling opportunity for both traders and long-term investors. The recent breakout on the chart, combined with the company’s strong order book, growing international presence, and focus on high-margin services, make this stock a strong contender for future gains. However, as always, investors should exercise caution and consider their risk tolerance before making any investment decisions. Given the breakout, the stock is now trading within the buy range of INR 767-805. Those looking to enter should watch for potential pullbacks to the support zone around INR 750 or look for continued strength above INR 805. Disclaimer: This post is for informational purposes only and should not be considered as investment advice. Please conduct your own research or consult a financial advisor before making investment decisions.
NSE:TRITURBINELong
by rajsharmatt
2
XAUUSD(Gold) -Trading Strategy For Next Monday From a technical perspective, gold closed positively on a weekly basis. A wave of bottoming and rebounding at the end of the week pushed the weekly line to close with a positive line with a lower shadow, showing the strengthening of bullish power. In terms of the overall structure of the weekly line, various indicators are biased towards the bulls, indicating that gold bulls have strong momentum. The daily line has continuously closed positive, especially a medium-sized positive line on Friday. The short-term moving average continues to move upward, and the upper limit of the Bollinger Band has gradually formed a support area. This area will become an important defensive position for bulls in addition to the $2,600 mark. As long as the gold price can continue to stay above $2,600, the bulls will continue to take the initiative. The technical indicators of each cycle show a bullish arrangement. However, the MACD indicator shows a clear divergence, which means that we still need to be vigilant about possible high-level declines in the short term. Overall, the daily level trend tends to be bullish. The current gold price is at a high closing state, and it is expected that it may continue to challenge new highs next week. On the 4-hour chart, the bull trend continues to be strong, forming six consecutive positives, making the price effectively break through the short-term moving average and the upper Bollinger Band. Other cycle indicators are also arranged in a bullish manner. The MACD indicator forms a golden cross and diverges upward, showing the potential to further impact the upper resistance. In the 1-hour chart, the moving average golden cross is upward and begins to diverge, and gold bulls are accumulating strong momentum at high levels. After falling back to $2,602 twice during the US trading period, it rebounded strongly and set a new high, indicating that $2,602 has become an important short-term support level. Next week, we need to pay attention to the defense of the $2,600 mark. If this mark is accidentally broken, it may indicate that a short-term high has been formed. At that time, the gold price will most likely pull back to the $2,585 line. At this time, you can consider arranging long orders on dips. Overall, gold is still biased toward the long side in the short term. In terms of operation, it is recommended to focus on long positions on callbacks and supplementary short positions on rebounds. In the short term, focus on the 2630-2632 resistance range on the upper side and the 2600-2602 support range on the lower side. OANDA:XAUUSD
OANDA:XAUUSDLong
by Aurum_Capital
24.09.22 What is the Whale Index?Hello, I'm Whale_signal Change the white question mark line that I posted before to the purple whale indicator to raise it Please check the section above And I'm aiming for an important position once again The last $2,000 went up exactly $2,000, Trending Place? It's Awesome, So Long $4,000 Up We expect the trend to explode if we get the important whale indicators right again this time We'll reveal it through whale index on the real-time chart sharing below Make sure you eat this trend!! 🤓 🐋What are whale indicators? After your analysis, You can think of it as an auxiliary indicator that can be used for RBI against support and resistance You've already seen it, but it's very accurate If you build up your experience and use it well I'm sure it'll be an indispensable weapon for gift lovers! But having a good weapon doesn't solve everything on its own It's up to you to use the weapon and solve the problem As much as I worked hard on it, I hope you use it well Let's make great achievements together! The Ethereum Whale Indicator Also Revealed If $50 Rockets Go Over!!! $$ ***whale surface intensity*** Purple>>>Orange>>>White (Purple indicators are the strongest)
by Whale_signal
Nasdaq Weekly Outlook: In-Depth Technical Analysis from Mr MarkeAs one of the leading global investment firms specializing in technical analysis for the US market, our mission is to deliver precise and actionable insights. This week, our focus is on the Nasdaq index, where we see potential for significant market moves as technical indicators signal a possible shift. Below, we provide a comprehensive analysis of key levels, patterns, and trading opportunities for the week starting Monday, August 26th, 2024. Market Context The Nasdaq index has shown remarkable resilience throughout the year, driven by strong earnings reports and macroeconomic stability. However, recent price action suggests that bullish momentum might be waning, with the market reaching a critical juncture. In mid-July, the Nasdaq peaked at 20,690 (Point A), followed by a pullback to 19,463. The subsequent recovery attempt reached 19,720 (Point B), but the failure to surpass previous highs indicates a potential reversal in trend. Key Technical Levels Our analysis highlights the following precise levels that could define market direction: Primary Resistance: 19,820 - 19,850 Secondary Resistance: 20,000 - 20,050 Primary Support: 19,600 - 19,620 Secondary Support: 19,463 - 19,480 These levels are crucial for understanding market behavior. A breach of support or resistance within these ranges will likely dictate the Nasdaq's next move. Technical Patterns and Indicators Double Top Formation: The peaks at Points A and B form a double top pattern, often associated with a trend reversal. This pattern becomes particularly significant if the market fails to hold above 19,600. Bearish Divergence: Our analysis identifies a bearish divergence on the Relative Strength Index (RSI), where the index's price made a lower high at Point B, despite the RSI indicating weakening momentum. This divergence is a strong signal of potential downside. Volume Profile: There has been declining volume on recent upward moves, indicating that buying interest may be fading. This lack of strong buying pressure adds to the bearish sentiment. Candlestick Analysis: The last few trading sessions have shown indecisive candlestick formations (e.g., doji and spinning top patterns) near resistance, suggesting market uncertainty. The absence of a strong bullish continuation pattern further supports the case for caution. Projected Market Movement Given the current technical setup, we foresee two primary scenarios unfolding in the coming week: Bearish Scenario: If the Nasdaq fails to hold above 19,600 and breaks below 19,463, we anticipate a significant decline toward the 19,250 level. A further breach could open the door to a more profound correction, potentially targeting the 18,800 region. Bullish Scenario Conversely, if the index manages to break above 19,850 with sustained volume, the next resistance at 20,000 will be critical. A close above this level could reignite bullish momentum, targeting a retest of the 20,250 high. Strategic Trade Recommendations Based on the analysis, we recommend the following trades: Short Position (High Probability): Entry: Below 19,600 with confirmation from intraday price action. Target 1: 19,463 Target 2: 19,250 Stop-Loss: 19,820 (just above resistance to minimize risk) Long Position (Conditional): Entry: On a clear break and close above 19,850, confirmed by volume. Target 1: 20,000 Target 2: 20,250 Stop-Loss: 19,600 Range Trade (If the Market Consolidates): Buy Near: 19,600 support with a tight stop below 19,463. Sell Near: 19,820 resistance, with a stop just above 19,850. These trades are designed to capitalize on the anticipated market movements while adhering to strict risk management protocols. Final Thoughts The Nasdaq is at a pivotal point, and the upcoming week could set the tone for the rest of Q3 2024. While the technical indicators point towards potential downside risk, traders should remain flexible and ready to adapt to evolving market conditions.
NASDAQ:NDX
by theithachi
24.08.15 Whale IndexHello, I'm Whale_signal 1H - BTCUSDT Update The beat keeps going sideways If you go below the purple whale's surface, you'll have a hard time And check the important indicators above 1H, 4H See 1D Chart To Get Below Purple Whale Surface Be careful because it can become more volatile That's all for the free whale indicators The Ethereum Whale Indicator Also Revealed If $50 Rockets Go Over!!! $$ ***whale surface intensity*** Purple>>>Orange (Purple indicators are the strongest, orange whales are basic)
by Whale_signal
2024.08.14 Whale Indicator/Congratulations on the rise of $2000Hello, I'm Whale_signal The 1H - BTCUSDT chart I posted yesterday showed a rise of around $2000 as it broke the whale indicator It was easy for everyone to get into the correct whale index point If I referred to your perspective + whale indicators, I think it was a place where I was able to make a big profit! Today Posts 1D - BTCUSDT Update Chart In the big picture, there's a sideways movement within the orange whale surface Even if it falls, the orange whale surface below must be protected (4H, 1H, 30M all need to be checked) If you leave, it opens up the possibility of even dropping the purple whale surface I hope you keep the purple whale index below 1D, and if this spot is broken, it will be open to 56.5K to 55.2K as of today You have to make a comfortable rise and check with the whale index in the upward resistance section Small scale 30M, 1H, 4H I really want you to watch it with me (posted in my trading view idea) If you defend well and go up, the whale index will continue to focus on the top!!!! That's all for the free whale indicators The Ethereum Whale Indicator Also Revealed If $50 Rockets Go Over!!! $$ ***whale surface intensity*** Purple>>>Orange (Purple indicators are the strongest, orange whales are basic)
by Whale_signal
2024.08.13 Whale Index (free)Hello It's Whale_signal Today's 1H - BTCUSDT Whale Indicators Quick to Post (Expiration date: Approximately until 13:00 on August 14th, Korean time) Although there is only a sideways trend, it is expected that there will be rapid volatility from now on depending on the results of the indicator announcement starting today 30M, 1H, 4H, 1D. Please refer to all the charts I posted Rather than sharing perspectives, if you share my whale index with your analysis, you'll get a good result The purple whale indicator is powerful, so if you reach it, it's a place to focus That's all for the free whale indicators The Ethereum Whale Indicator Also Revealed If $50 Rockets Go Over!!! $$ ***whale surface intensity*** Purple>>>Orange (Purple indicators are the strongest, orange whales are basic)
by Whale_signal
1
UPL Share Price Analysis: What's Next for Investors?The UPL share price has been a topic of interest among investors on the NSE and BSE. With recent market movements and technical indicators, many are asking: What’s next for UPL Ltd? Let’s dive into the analysis to understand the potential direction of UPL shares. UPL Share Price Overview The UPL share price on the NSE has shown significant volatility in recent months. As of the latest data, UPL shares are trading at ₹568.95, reflecting a positive shift from previous lows. The stock has been on a recovery path, showing signs of potential upward movement, which has caught the attention of market analysts and investors alike. Technical Analysis of UPL Ltd Looking at the UPL share price chart, we see that the stock has been testing its resistance levels. The 50-day and 200-day moving averages indicate a possible bullish crossover, which might signal a buying opportunity for long-term investors. Additionally, the MACD (Moving Average Convergence Divergence) is showing signs of convergence, which typically precedes a price movement. The support level around ₹550 has been holding strong, and the stock appears to be forming a base for a potential rally. The volume spikes on positive days suggest institutional buying, which could further propel the UPL share price upwards. UPL Ltd: A Fundamental Perspective Beyond the technicals, UPL Ltd has been strengthening its fundamentals. The company’s recent quarterly results have shown improved margins and revenue growth, which aligns with the positive sentiment seen in the technical charts. This combination of strong fundamentals and promising technical indicators makes UPL a stock worth watching closely. Future Outlook for UPL Shares Investors should keep an eye on the UPL share price in the coming weeks. If the stock breaks through the ₹600 resistance level, we could see a sustained rally. On the other hand, if the price dips below ₹550, it might be wise to reassess the position and consider risk management strategies. For those tracking UPL on the NSE and BSE, the stock offers an intriguing mix of potential rewards and risks. As always, it’s essential to stay informed and monitor both the technical and fundamental developments surrounding UPL Ltd. Conclusion The UPL share price is at a critical juncture, and investors should be prepared for potential volatility. With strong support levels and positive technical indicators, the stock could present an attractive opportunity for those looking to capitalize on market movements. Stay tuned to the latest UPL news and updates to make informed investment decisions.
NSE:UPLLong
by iampatilkishor
1
Comprehensive Guide to Trading AUD/USD on TradingView **Description:** Dive into the world of Forex trading with our in-depth analysis and strategy guide for trading the AUD/USD pair on TradingView. Our approach combines fundamental insights and key economic indicators to provide a robust framework for making informed trading decision Fundamentals Overview: 1. **Economic Indicators**: Track crucial economic data such as Australia's GDP growth, employment rates, inflation, and trade balances, along with U.S. Federal Reserve policies and economic reports. These indicators can significantly impact the AUD/USD exchange rate. 2. **Commodities Influence**: Given Australia's status as a leading exporter of commodities like iron ore and coal, global commodity prices, and China's demand for these resources play a pivotal role in shaping AUD/USD movements. 3. **Interest Rates**: Monitor interest rate decisions from the Reserve Bank of Australia (RBA) and the Federal Reserve. Interest rate differentials between the two economies can lead to capital flows that impact the exchange rate. 4. **Geopolitical Events**: Stay updated on geopolitical developments that might affect market sentiment and risk appetite. Trade policies, international relations, and global economic stability are crucial factors. Disclaimer: Trading foreign exchange (Forex) on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. You could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Long
by MoonTradingForecast
Bullish Triangle Pattern Breakout seen in Garments mfg. stockHello Everyone, i hope you all be doing good. I have brought a stock which has given bullish triangle pattern breakout. Stock name is Cantabil Retail India Ltd and it was incorporated in 1989 and started its readymade garments manufacturing and retailing business in the year 2000. Product Portfolio & Revenue Split 9MFY24 Men’s Wear (83%) - Formals, Casuals, Ultra Casuals, Woollen, Knitwear Women’s Wear (10%) - Shirts, Tops, Leggings, Kurtas, Kurtis, Capri, Pants, Jeans Kids Wear (3%) - Shirts, T-shirts, denim, trousers, Culottes, dresses, tops, jeggings, shorts Accessories (4%) - Innerwear, Belts, Socks, Ties, Handkerchief, Deo, etc. Technically stock has given neat and clean breakout of bullish Triangle pattern, Indicators like MACD & RSI started giving bullish crossover on chart. Price is above 200-DEMA. NOTE:- (I have not placed any indicators on chart just to keep chart neat and clean, but certainly i have done my analysis with indicators) Market Cap ₹ 2,450 Cr. Current Price ₹ 293 High / Low ₹ 310 / 181 Stock P/E 40.1 Book Value ₹ 39.0 Dividend Yield 0.31 % ROCE 18.0 % ROE 22.3 % Face Value ₹ 2.00 Industry PE 31.3 Debt ₹ 336 Cr. EPS ₹ 7.44 Promoter holding 74.1 % Intrinsic Value ₹ 131 Pledged percentage 0.00 % EVEBITDA 16.4 Change in Prom Hold 0.81 % Profit Var 5Yrs 37.4 % Sales growth 5Years 16.4 % Return over 5years 44.2 % Debt to equity 1.03 Net profit ₹ 62.2 Cr. ROE 5Yr 22.8 % Profit growth -9.09 % Earnings yield 3.82 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:CANTABILLong
by TraderRahulPal
2
Bollinger Bands: What Do They Tell You?Bollinger Bands to measure the volatility of stock prices relative to their historical behavior. Traders can identify market trends by observing how stock prices interact with these bands, and potentially anticipate a trend reversal. In this article, we will explore how Bollinger Bands work and what they can tell you about market trends and opportunities. What are Bollinger Bands? Bollinger Bands were developed by John Bollinger. It's a type of price envelope that defines upper and lower price range levels. These bands are positioned at a specified standard deviation above and below a simple moving average of the price. By adjusting to fluctuations in price volatility, Bollinger Bands reflect market dynamics. The parameters for Bollinger Bands include Period and Standard Deviations (StdDev). This is typically set at 20 and 2 respectively by default, but can be customized to suit different trading strategies. These bands are instrumental in assessing whether prices are relatively high or low. They work in tandem—both upper and lower bands—with a moving average, offering insights into market trends. However, they are most effective when used alongside other indicators to validate trading signals Calculation of Bollinger Band To create Bollinger Bands, start by calculating a simple moving average (SMA). Then, compute the standard deviation for the same number of periods as the SMA. For the upper band, add the standard deviation to the SMA. For the lower band, minus the standard deviation from the SMA. Here are typical setups: Short term: 10-day SMA with bands at 1.5 standard deviations. Medium term: 20-day SMA with bands at 2 standard deviations. Long term: 50-day SMA with bands at 2.5 standard deviations. How do Bollinger Bands Work? When Bollinger Bands constrict during low volatility, it suggests an increased potential for a significant price swing in either direction, often signaling the start of a new trend. Be cautious of false breakouts in the opposite direction before the actual trend begins. When the bands widen significantly, it indicates rising volatility and a possible end to the current trend. Prices typically bounce within the bands, moving from one band to the other. These swings can help identify potential profit targets. Suppose, if a price rebounds from the lower band and crosses above the moving average, the upper band becomes a viable profit target. During strong trends, prices can persistently exceed or hug the band boundaries. When combined with divergence in a momentum oscillator, consider further analysis to determine suitable profit-taking opportunities. A solid trend continuation is anticipated when prices move outside the bands. However, if prices swiftly retreat back inside the bands, it suggests the strength of the move may be weakening. What Do Bollinger Bands Tell You? As we know, Bollinger Bands are a popular tool among investors and traders, developed by financial analyst John Bollinger. They help gauge the volatility of stocks and other securities to determine if they are over- or undervalued. These bands manifest on stock charts as three lines that fluctuate alongside the price. The center line is the stock price’s 20-day simple moving average (SMA), while the upper and lower bands are set at a certain number of standard deviations, usually 2, above and below the middle line. The bands broaden when a stock’s price becomes more volatile and contract when it is more stable. Many traders see stocks as overbought as their price nears the upper band and oversold as they approach the lower band, signaling an opportune time to trade1. However, while valuable, Bollinger Bands are a secondary indicator that is best used to confirm other analysis methods. The bands widen and narrow in response to the volatility of a stock's price movements—widening during periods of increased volatility (expansion) and narrowing during stable trading patterns (contraction). Persistent touches of the upper Bollinger Band suggest the stock is potentially overbought. Conversely, frequent touches of the lower band indicate the stock may be oversold, signaling a potential buying opportunity. How Accurate Are Bollinger Bands? It's crucial to understand that while Bollinger Bands provide valuable insights, they shouldn't be the sole basis for trading decisions. Market conditions are dynamic, and these bands may not always accurately gauge current volatility levels. Moreover, they can occasionally generate false signals, potentially leading to losses if relied upon too heavily. To effectively utilize Bollinger Bands, traders should complement them with other technical indicators and fundamental analysis. It's equally important to factor in personal risk tolerance and trading preferences. By integrating multiple perspectives, traders can better identify signals and make well-informed decisions. Conclusion Bollinger Bands are great for seeing how prices move in markets. They help you find trends and when prices might change direction. It's important to use them with other indicators and know how markets work. With practice, Bollinger Bands can guide you in making better decisions and understanding market movements.
NSE:BANKNIFTY
by Dhan
2
bullishness could prevail in APTOn the daily chart, The Aptos exhibited a significant price movement. Starting from a demand level of $4.75 in Mid-October 2023, APT displayed a substantial rally. It eventually reached $19.50 by March 26th, breaking through the resistance level of $10.50 (a barrier tested several times previously). However, the peak point at $19.50 proved unsustainable, and the price began to decline on March 27th, establishing a new support level at $6.50 by June 18th, where an ascending trendline support was also present. Aptos (APT) Price Forecast! At press time, the APT price traded at $6.96 with an intraday gain of 0.72%. If the APT price manages to increase successfully from the current level and knocks out the dynamic resistance in the course, the nearest targets would be $8.00 and $10.0. On the contrary, If the APT price fails to manage the current support level of $6.50, it could reach the $5.75 and $4.75 price mark. What Do Aptos (APT) Indicators Highlights? Its Indicators are presenting bearish signals due to a lack of liquidity, and the major trend was bearish, as the MACD has been in formed a bearish crossover with the histogram at -0.13, which is close to the zero line. The price is below the 50-day and 200-day EMAs, and the RSI at 31.96 shows a minor tilt upward that shows the possibility of the RSI curve taking a U-turn from oversold to the overbought zone. These technical indicators in Aptos suggest a bearish angle, but a minor tilt upwards in RSI signifies some bullishness. As per the price action, the price is at a crucial level, and one massive liquidity candle could initiate an up move that could surpass the dynamic resistance as well. So, the current bearish signal could be false due to a lack of moment in price, and bullishness could prevail.
COINBASE:APTUSDLong
by Sam_TCR
1
Price successfully rebounds from the current levelThe cryptocurrencies global market cap has surged by 1.05%, and it currently stands at $2.40 Trillion. The Ronin (RON) is among the top 100th preferred list in terms of market cap, it ranks at the 88th position on CoinMarketCap. The RON price has shown a resurgence possibility from the $2.20 price mark, exhibiting an 1.45% intraday growth on the daily chart, with the price traded at $2.429. When writing, the Ronin (RON) market cap is $802.472 Millionillion, with a circulating supply of 330.655 million RON. Its circulating token supply is nearly 33% of the total supply of 1 billion RON. Its volume-to-market cap ratio of 24 hours stands at 2.85%, indicating a low liquidity level in the RON cryptocurrency, and lower liquidity, often an indicative sign of potentially less stable market conditions. What Does Price Indicators Indicates? Its Indicators are fuzzy due to a lack of liquidity and mixed signals, as MACD forms a bearish cross with histogram at -0.0541, price approaching dynamic resistances of 50-day, and 200-day EMA's, and RSI at 35.34 shows a U-turn from oversold towards the overbought. RON/USD 1.D. price chart | Source: TradingView Collectively, these technical indicators in Ronin suggest that the market sentiment is leaning toward uncertainty or towards a continued bearish phase for RON. Deciding Ronin Price Action, and Its Price Forecast! The Ronin (RON) has experienced a significant price movement. Starting from a demand level of $0.75 in Nov 2023, the RON price saw a substantial rally. It eventually reached $4.45 by March 13th, breaking through the resistance level of $3.5 (a barrier tested two times previously). However, the peak at $4.45 proved unsustainable, and the price began to decline on March 14th, establishing a new support level at $2.20 by June 18th. At press time, the RON price traded at $2.43 with an intraday gain of 1.58%. If Ronin (RON) Price successfully rebounds from the current level and beats dynamic resistance in the process, the nearest targets would be $3.00 and $3.50. If the RON price is unable to manage the current support level of $2.20, it could reach the $1.50 and $0.75 price mark.
CRYPTO:RONUSDLong
by Sam_TCR
XAUUSD After a week of volatile news from the Fed Last week we observed that US inflation indicators showed signs of cooling down. - Wednesday's CPI dropped from 3.45 to 3.3% - PPI index decreased -0.2% Inflation indicators decreased while economic indicators were negative - As the unemployment rate and unemployment benefit application rate increase This shows that the Fed's monetary policy is effectively reducing inflation, specifically consumer price CPI and production costs, while also reflecting the negative economic impact of the policy. this book. This requires that the Fed may begin to loosen monetary policy in the near future Look at D1 - We see that the correction has completed wave B and is continuing wave C of wave 4. - We can measure the target of wave C at 2 price zones 2256 and 2210 price zones. - We have a price zone confirming the final wave 4 which is the 2150 price zone. If the price breaks through this zone, our ABC wave counting process is no longer correct, then we have to re-plan a new plan based on new data. Look at H1 - The price has broken out through the 2323 zone and is testing this zone again. Looking at the reversing momentum in the oversold area, it is likely that the price has successfully tested and continues to rise to the target areas of wave C above. - Yesterday we measured the target wave C which is 2 areas 2354 and 2360 - The target area of ​​wave C is a very good area for us to look for Sell down orders - Combined with chart D1, we will have the price range where this decrease will end at 2256 or 2210. - We also have a zone that denies this wave counting process when the price surpasses the 2388 zone, then the price has entered an uptrend and we are forced to change our trading strategy at that time (I will update later if that happens).
OANDA:XAUUSDShort
by DEEKOP
2
SOl chart updatesSolana Price Analysis: A Bullish Reversal on the Horizon? The cryptocurrency market has been a rollercoaster of volatility, but recent developments suggest that Solana (SOL) may be gearing up for a significant price reversal. After a period of correction, SOL’s price managed to bounce back from the psychological support level of $80, climbing to $104 and marking a 31.5% increase1. This recovery trend is backed by a surge in trading volume, indicating a strong buying interest in the market. Last Trade and Stop Price The latest trade data shows that Solana’s price has reached a stop price, with the closing value recorded at $168.46 on May 26, 20242. This figure represents a slight decrease from the previous day’s high of $170.25, but it maintains the upward trajectory from the low of $166.34. Technical Indicators and Patterns A closer look at the technical indicators reveals a constructive pullback that has set SOL for a higher recovery. The price reversal from the 38.2% Fibonacci retracement level suggests that the last correction was a strategic move by buyers to replenish bullish momentum. Moreover, the rising 100 and 200-day EMA supports the long-term bullish trend1. The formation of a “Cup and Handle” pattern on the daily time frame chart is particularly noteworthy. This pattern is a traditional sign of bottoming out and often indicates a bullish reversal at the end of major bear markets. If SOL breaks above the neckline resistance of $126, it could confirm the trend reversal and potentially set the stage for a rally towards the $256 mark1. Market Sentiment and Outlook The broader market sentiment is also turning positive, with Bitcoin’s price rise above $42,000 serving as a catalyst for renewed recovery across the crypto space. If this bullish trend continues, we can expect SOL buyers to target the immediate resistance at $102, corresponding with the 50% Fibonacci retracement level1. In conclusion, while the crypto market remains unpredictable, the technical analysis and market indicators for Solana paint a promising picture for investors and traders. The recent price action, coupled with the potential completion of a bullish pattern, suggests that SOL might be ready for an uptrend. As always, traders should keep an eye on market developments and adjust their strategies accordingly. Disclaimer: This post is for informational purposes only and should not be taken as financial advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
Long
by vkfincare09
6
Notcoin (NOT) Price Soars 20% In Intraday: All Time High In SighNotcoin (NOT) Price Soars 20% In Intraday: All Time High In Sight? Notcoin Snapped off yesterday's losses and Surged Higher 20% in intraday and was trading close to $0.0142. The bulls are now setting their sights on the all-time high of $0.0144 which is merely 6.67% higher from the CMP. Notcoin price gained ground sooner than anticipated and lifted off over 20% in intraday. The bulls snapped off yesterday's losses and are now eyeing the All time high value of $0.013 which is merely 6.67% from the CMP. The crypto has continuously grabbed the attention of buyers since its launch. Moreover, the crypto has been maintaining itself among the top trending for the 4th consecutive session on coinmarketcap.com. Let's analyze whether Notcoin can maintain its lead over its fellow cryptocurrencies and if it presents a promising investment opportunity for the weeks ahead. Notcoin Crypto: Social Dominance And Volume Analysis Moreover, there has been a significant increment in the social engagement metrics intraday today. The social dominance metric has seen a significant rise, leaping from 40% to 56%, while the social volume metric has escalated from 164 to 289 within a day. The social dominance and social volume metrics serve as indicators of cryptocurrency's discussion frequency, perceived value, and popularity within the community. It reflects the level of activity and demand for Notcoin among enthusiasts and users. The uptick in these social indicators suggests a growing involvement from the community, which could potentially lead to an uptick in demand for Notcoin. Can Notcoin Make A Big leap Towards $0.02 level Above ATH? At the time of writing, the NOT crypto was exchanging hands closer to $0.0144 recording an impressive 20% rise in Intraday. The market sentiment has shifted positively, erasing the losses from the previous day, and is now approaching the record high, which is only 6.67% away. The momentum behind the price surge suggests the possibility of further gains beyond the current peak. As per the analysts, if Notcoin breaks past its highest recorded value, there's potential for it to reach the $0.02 mark in the forthcoming month, provided the momentum persists. At present, technical indicators such as the Relative Strength Index (RSI) and the Simple Moving Average (SMA) are signaling an overbought condition, hinting at a potential upcoming correction. It's advisable for traders and investors to monitor these price movements closely. Conclusion. Description
CRYPTO:NOTUSDLong
by Ritika_TCR
23rd May Analysis of Gold Price Overview On May 22nd, the price of gold experienced a notable decline, falling from $2415 to $2375. This sharp movement could be attributed to various market factors, including economic data releases, changes in investor sentiment, or geopolitical events. As we look at the price action on May 23rd, gold is anticipated to retest the $2397-$2400 zone. However, there is a prediction that it may fail to establish a head and shoulders pattern, indicating potential future movements. Technical Analysis Price Decline on May 22nd: Support and Resistance Levels: The sharp decline from $2415 to $2375 suggests that there was a strong resistance at the $2415 level, which sellers capitalized on, pushing the price down to $2375, a significant support level. Volume and Momentum: It's crucial to analyze the trading volume during this decline. High volume on the way down indicates strong selling pressure, which might suggest a continuation of the downtrend if the buyers do not step in. Retest of $2397-$2400 Zone: Importance of the Zone: The $2397-$2400 zone is a critical area. If gold manages to break above this zone, it could signal a potential reversal or continuation of the uptrend. Conversely, if it fails to break through, it might indicate that the downtrend will persist. Indicators to Watch: Pay attention to key technical indicators such as the Relative Strength Index (RSI), Moving Averages, and the Moving Average Convergence Divergence (MACD). These will provide insights into the strength and momentum of the price movement. Head and Shoulders Pattern: Pattern Characteristics: The head and shoulders pattern is a classic reversal pattern that signals a potential change in trend direction. A successful pattern consists of a peak (head) between two lower peaks (shoulders) and a neckline that connects the lows. Prediction of Failure: If the price fails to break above the $2397-$2400 zone and does not complete the head and shoulders pattern, it could indicate that the bears are still in control. This failure might lead to further declines, potentially testing lower support levels such as $2350 or $2300. Conclusion The price action on May 23rd is crucial for understanding the future direction of gold. The retest of the $2397-$2400 zone will be a significant indicator of whether gold can regain its upward momentum or continue its recent downtrend. Traders should closely monitor the price action, volume, and technical indicators to make informed decisions. A failure to break through the critical zone and establish a head and shoulders pattern could signal further bearishness in the gold market.
OANDA:XAUUSDShort
by TradingGuruTop
Myro Crypto Lifts Off 14%: A Glimpse into Month-End PotentialMyro Crypto Lifts Off 14%: A Glimpse into Month-End Potential Myro Crypto's trading activity surged, with its value reaching $0.226, marking a 14.52% intraday increase. The rising trends in social dominance and volume indicate a bullish sentiment among investors. MYRO crypto experienced a significant uptick, soaring more than 14% in intraday today. The asset was exchanging hands close to $0.226, marking an exit from its recent corrective trend. This upswing is in sync with the wider market's rebound. Additionally, the daily chart reveals a distinct pattern breakout, which is supported by various indicators such as trading volume and social dominance. Let's try to interpret each one of these metrics to understand their implications and forecast potential price targets for the upcoming trading sessions. MYRO crypto: Volume and Social Dominance Analysis. The Volume analysis indicates that the recent market breakout is reinforced by a significant increase in trading volume. According to coinmarketcap.com, there has been a 105.96% surge in volume inflow compared to the previous day's figures. The intraday volume inflow was $59.34 Million. Additionally, this influx of volume may be attributed to a rise in social sentiment indicators such as social dominance and volume. Data from app.santiment.net reveals a notable increment in these social metrics, suggesting heightened activity and engagement across social media platforms like Twitter, Telegram, and others. This trend points to a growing interest and involvement from the community in the cryptocurrency space. How high Could Myro Attain By Month End? The price action analysis reveals an ascending triangle pattern breakout on the daily chart, signaling the end of a corrective period and the start of a bullish trend for the Myro cryptocurrency. Moreover, short-term traders and investors might aim for $0.26 and $0.33 as their next price targets before the crypto potentially enters another correction or pullback. However, a close below the key support level of $0.195 could invalidate the breakout scenario. Currently, the Relative Strength Index (RSI) stands at 65.28, and the Simple Moving Average (SMA) is at 52.68 points, both suggesting a bullish trend above the mean line. The observed bullish crossover between these lines further supports the likelihood of continued upward momentum. Conclusion. MYRO (MYRO) crypto price surged by over 14% to $0.226, aligning with the broader market's recovery and signaling a bullish phase. Also, Trading volume spiked by 105.96%, reflecting increased investor engagement and positive social sentiment. Moreover, The price breakout from an ascending triangle pattern on the daily chart suggests a potential rise to $0.26 and $0.33, provided it stays above the $0.195 support level. The RSI and SMA indicators corroborate this bullish outlook, with a crossover hinting at sustained upward momentum.
CRYPTO:MYROUSDLong
by Ritika_TCR
demand for the STRK asset pricSTRK price has shown a significant display of strength between buyers and sellers, after starting with consolidating, the price wave shifted in buyers' favor for the short term. The Starknet price ascended on the daily chart from March 5th, 2024, to March 13th, 2024, the price attempted to rise and built a top on the daily chart at $2.70, from the support at $1.75. However, the wind shifted in the Bears' favor, and from March 14th onwards price deteriorated and collapsed all previous support levels. According to the technical daily chart, the STRK price has witnessed strong selling pressure. For the last few weeks, the Starknet asset has been consolidating, as it has been struggling below the 20-day EMA and falling by facing resistance, which is influenced by the sellers' surge. Meanwhile, STRK has recorded an all-time low at $1.060 on april 27th 2024, on the day of writing, sellers still seem stronger as it has been consolidating near A-T-L since then. At press time, the STRK price traded at $1.200 with no major gain or loss from last intraday session, as it shows a mere -0.33% rise. The market capitalization is $879.42 Million and the 24-hour trading volume is $87.92 Million. Will STRK Crypto Succeed In Guarding the $1 Mark? Let's Decode That On Daily Chart The STRK price has been displaying significant weakness on a daily time frame, currently trading close to its all-time low. The price has been deteriorating continuously, and if it gains bullish momentum and meets resistance from the 20-day EMA on the daily chart, sellers could become confident and push the price to a new all-time low by breaking the support. On the other hand, if the Starknet crypto price manages to move above the 20-day EMA and remains there for a few daily sessions, an increase in trading volume could generate short-term buying momentum, under these possible conditions. Technical indicators show that the price trades at the lower Bollinger band, making it challenging for the price to reach the basis line in BB. The STRK price MACD tool is at -0.079, indicating that bears' strength is superior to bulls, and bulls have no control yet. The RSI is at 38.20, trading below the key moving-SMA smoothened line. Overall, the technical indicators demonstrate negative sentiment. Therefore, if the STRK crypto price fails to stay above the $1.100 price level, it could decline further. On the contrary, if the demand for the STRK asset price remains high, it could rebound from the current level. This scenario would be visible in the technical indicators once the RSI crosses the median line, the MACD jumps above the zero line, and the BB carries the price above the basis in the upper band. The next target for the STRK price would be to reach $1.40 and $1.90, respectively.
COINBASE:STRKUSDLong
by Sam_TCR
the AEVO crypto price failsAEVO price has shown that it was in bulls' favor earlier from March 13th, 2024, to March 27th, 2024, the price attempted to rise and built a top on the daily chart at $3.70, from the support at $2.00. However, the wind shifted in the Bears' favor, and from March 28th onwards price deteriorated and collapsed all previous support levels. According to the technical daily chart, the AEVO price has witnessed strong selling pressure. For the last few weeks, the AEVO asset has been showing bearishness and falling potential as it has been struggling below the 20-day EMA and falling by facing resistance, which is influenced by the sellers' surge. Meanwhile, AEVO has recorded an all-time low on the day of writing and sellers seem stronger. At press time, the AEVO price traded at $1.157 with an intraday loss of -2.20%. The market capitalization is $123.60 Million and the 24-hour trading volume is $41.20 Million. Will AEVO Crypto Shield the $1 Mark? Let's Unfold Its Daily Chart On a daily time frame, the Aevo price exhibits weakness and is trading near an all-time low price level. The AEVO price has portrayed a continuous fall and if the crypto asset price gains bullish momentum and faces resistance from the 20-day EMA once again on the daily chart, then the sellers may become confident and push down the asset's price to a new all-time low. On the other hand, if the AEVO crypto price manages to advance above the 20-day EMA and sustains for a few daily sessions, an elevation in trading volume can generate buying momentum for the short term, which can be expected under these possible circumstances. According to the technical indicators, the Bollinger band (BB) exhibits that the price trades at the lower Bollinger band and looks difficult for its price to reach the basis line in BB. The Aevo price MACD tool also signifies bears strength superior to bulls, and bulls seems to have no control yet, and the RSI is at 29.26, this line is trading below the trading below the key moving-SMA smoothened line. Overall, the technical indicators demonstrate a negative sentiment. Therefore, if the AEVO crypto price fails to stay above the $1.100 price level, it could decline further. On the contrary, if the demand for the AEVO asset price remains high, it could bounce back from the current level. This will be visible in the technical indicators once this scenario occurs on the daily chart like RSI would cross the median line, MACD would jumpzero line, and BB would take price above basis in upper band. This makes, the next target for the AEVO price would be to reach $1.50, and $1.90, respectively.
Short
by Sam_TCR
Kaspa Crypto Could Gain 25% If Surpasses This Interesting Level?The weighted sentiment curve was extending towards the north indicating an improved sentiment. On the daily chart, an intriguing channel pattern has emerged. Kaspa Crypto has been on an upward trend for four consecutive days, with a notable 4.12% increase in intraday trading. Currently, it's trading at $0.12 and is nearing a pivotal level. Overcoming this level could potentially lead to a 25% rise in its value. The general uptrend in the market has positively influenced Kaspa Crypto, yet it still needs to emerge from the ongoing correction phase for further improvement. Additionally, certain sentiment indicators are hinting at a resurgence and a positive market sentiment in the near future. Let's examine these elements more closely and analyze how they might affect Kaspa Crypto's price movement. Weighted Sentiment Data Shows A Positive Shift The Sentiment chart illustrates a shift in sentiment dynamics, with the weighted sentiment transitioning from a bearish to a bullish stance and continuing to ascend. This movement signals a change in trend from negative to positive, which is typically associated with enhanced price momentum. Additionally, the sentiment analysis reveals regular oscillations in sentiment levels during recent trading periods. These oscillations reflect the prevailing attitudes and inclinations of traders and investors within the cryptocurrency market. Technical Indicators And Price Action Analysis The daily chart indicates that the price is fluctuating within a downward-sloping parallel channel, oscillating between the channel's lower and upper boundaries. The price is likely to continue its corrective trend as long as it remains within this channel. A breakout from the channel could potentially lead to a 25% increase in the cryptocurrency's price, reaching up to $0.16. Technically, the KAS price has rebounded from the 200-day Exponential Moving Average (EMA), indicating a favorable future trend. Presently, the price is near the 50-day EMA but is facing challenges in breaking above it. Furthermore, The Relative Strength Index (RSI) stands at 54.45 points, and the Simple Moving Average (SMA) is at 42.89 points, both suggesting a bullish market sentiment. The occurrence of a bullish crossover between these lines further strengthens this positive outlook. Conclusion. Kaspa Crypto price has been on the rise for four consecutive sessions, up 4.12% intraday, and was trading close to $0.12. It's close to a key level; surpassing it could lead to a 25% increase. Furthermore, Sentiment analysis shows a bullish shift, suggesting positive price momentum. Currently, The price was hovering in a declining channel, hinting at a continued correction unless it breaks out. Technical indicators were optimistic, with the price above the 200-day EMA and near the 50-day EMA. The RSI and SMA suggest bullish sentiment, reinforced by a bullish crossover, pointing to potential growth.
CRYPTO:KASUSDLong
by Ritika_TCR
Mysterious Tweets Elevate Hack Rumors: NEAR Price in Jeopardy?Near Protocol faces hack suspicion after several enigmatic tweets, However, Nothing has been confirmed officially. The technical indicators imply a bullish perspective, suggesting that there may be potential for further price appreciation. Suspicions of a hack involving Near Protocol emerged after a series of mysterious tweets sparked discussions among social media users. The crypto community expressed surprise and concern over the potential breach of Near Protocol's Twitter account, yet no official confirmation has been made. Despite the swirling rumors of a hack, NEAR's cryptocurrency value seemed to remain resilient, surging by approximately 6.15% and ranking as one of the top performers during the market's broader recovery phase. Let’s delve into a more comprehensive analysis to understand the events that have transpired and assess the potential impact on NEAR's cryptocurrency value from various perspectives. Enigmatic Tweets By Near Protocol’s Official Account Grabs The Attention On May 9, it was suspected that the official X account of the NEAR Protocol public blockchain project had been compromised. Currently, its avatar on platform X has been changed to a completely black image, and its profile has been changed to "Dark" with confused characters. Wow, #NEARProtocol is going full satanic. t.co Marco Gallazzi (@ChartMind) May 9, 2024 Around 4 a.m., it posted four strange tweets with scrambled characters, namely "claim your sovereignty," "darkness," "take back your own," and "The sun rises in the east." At this time, NEAR's other official social channels have not provided any explanation. Near Protocol Price Prediction Amid Hacking Rumors The daily chart reveals an ascending triangle pattern, with the price consistently finding support along a positively sloping trendline. Presently, the price is trading close to the pattern's upper limit, priced at $7.20. Should the price break through the upper side, it could potentially lead to a 20% increase, reaching around $9, which aligns with the highs seen in March. However, this upward trend is contingent upon the price staying above the recent resistance level of $7.59. Conversely, if the price dips below the lower trendline, it could signal a halt to the upward momentum, potentially leading to a decrease towards the $6 mark as indicated on the charts. The technical indicators imply a positive outlook on a combined analysis as the price hovers above the key Exponential moving averages of 50 and 200 day. Conclusion. Amidst rumors of a hack based on cryptic tweets, Near Protocol's price remains robust, trading at $7.20 within an ascending triangle pattern. A breakout above could yield a 20% gain to $9, contingent on sustaining above $7.59 resistance. On the flip side, A dip below the trendline may reverse gains, targeting $6. Technical indicators remain positive, with prices above the 50 and 200-day Exponential Moving Averages, signaling potential growth despite market uncertainties and the unconfirmed security concerns.
CRYPTO:NEARUSDLong
by Ritika_TCR