DYDX offers an impressive profit potential of +850%The BINANCE:DYDXUSDT pair is exhibiting a notable resurgence from its support zone, indicating a prevailing bullish sentiment. While a minor correction remains a possibility, its likelihood appears diminished. Nevertheless, it's prudent to maintain a Dollar-Cost Averaging (DCA) strategy, with a focus on a threshold of 2.0 in the event of a price reversal.
Should the current upward trajectory persist, the forthcoming resistance level is approximately $5.00.
Entry Price: Presently hovering around $2.79, with additional DCA consideration at $2.00.
Targets:
1. $3.50
2. $4.45
3. $8.56
4. $11.87
5. $14.76
6. $26.68
Stop Loss: $1.76
This trade presents a favorable opportunity, boasting significant profit potential.
Best regards,
Buy-sell
GBPAUD BUY BIASWeekly: Bearish, Rejection from major weekly resistance 198.550, Failed retest of Head and shoulders pattern price closed above the right shoulder, recently mitigated ob 1.98550, Made a Double bottom pattern at daily supply zone 1.86550, Unmitigated ob at 1.87625, Bearish rejection candle at daily resistance 1.94750, Bullish choch
Daily: Consolidation, Inverse Head and shoulders, 2 bar rejection at major resistance 1.94750, Has not retested major support 190.325 after break, Bullish choch, Double bottom pattern, Retested resistance 1.93250
4hr: Consolidation, In a minor uptrend after making a rejection can of the bottom 4hr zone, Break of bearish trendline to the upside, Has not retested .618 of fakeout that resulted to a downward movement, rejection of the 4hr resistance 1.93275.
1hr: Bullish, Liquidity is located above the 4hr resistance of 1.93275, Price is respecting a bullish trendline, Unmitigated 1hr ob, Price faded out and reversed after reaching bottom 4hr zone.
15m: Bullish, Bullish structure is being formed, Failed to make a higherhigh at 4hr resistance 1.93275, Ascending triangle pattern
I believe price is going to retest the 1hr ob fake out the market and continue the upward movement towards the Top 4hr zone to grab liquidity and retest the .618 level if its able to break 1.93275.
STG - PUMP or DUMP - We are ready with our entries 👻#STG/USDT Analysis
Description
- STG has formed a nice descending triangle and currently in decision phase of whether this will breakout upwards or downwards.
- No matter in which direction the price breaks the triangle I see a good trade opportunity.
- If the price breaks above the resistance line then we can enter a LONG trade around 0.6593
- If the price breaks below the support line then we can enter a SHORT position around 0.6200
LONG Entry: 0.6593 | StopLoss: 0.6200 | Target 1:0.6807 , Target 2: 0.7197
SHORT Entry: 0.6200 | StopLoss: 0.6593 | Target 1: 0.6015, Target 2: 0.5660
Timeframe: 4H
Capital: 1-2% of trading capital
Leverage: 5-20x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
GTAI The Rise of the AI Cryptocurrencies !If you haven`t bought AGIX before the explosion:
Then I might have found another gem for you!
There is a recently launched cryptocurrency called GT Protocol, ticker GTAI, with a small market capitalization of $31 million and a circulating supply. It is a Web3 AI execution technology that provides access to CeFi, DeFi, and NFT crypto markets through an all-in-one conversational AI interface.
Although investing in a new coin related to AI could ride the wave of speculative investments, it is also risky to buy a newly launched cryptocurrency!
GBP/AUD Trade Idea 2/24/2024We have 2 trade ideas for the upcoming trading week
Short trade: broken trendline and retested with a bullish candlestick closing on the trendline with a following bearish candle stick closing.
next clear support area should get tapped which i boxed up.
great risk to reward setup
Buy trade: If we break above the boxed zone where it broken the trend line and retested then we will look for buys.
Great risk to reward as well as the market should pull up 100+ pips on both buys and shorts.
i am personally looking for this Short all the way down to the support line i have placed.
TSI Market Timer V4.0TSI Market Timer Version 4.0
This indicator is probably one of the best, if not the best indicator out there on the market today. A bold claim. I say that because this indicator has been 10 years, at least, in the making.
I started using TradingView in 2015 when it was $5 to use. It was wonderful. And you could make your own indicators. I would copy and reuse many of the indicators I found.
This tinkering with indicators and theories would last until the present day. I find the market is interesting and there are many new things to learn and so you can make nearly endless indicators.
About This Indicator:
The TSI Market Timer Version 4.0. First, a little theory. I have found that, in practice, if you take any price or indicator (like Acc/Dist) or VIX or even ratio charts like (HIGN/LOWN , a new highs new lows ratio) and you apply the True Strength Indicator (TSI)... that you can plot everything on one charting window. I have extensively tested this out over the years.
There is a concept in math and statistics called standardization. One common way this is used in trading is the z-score. You may have heard of the Altman Z-score.
In this indicator, I have combined several useful signals into one indicator. These are plotted on an auto-scaled plot with a zero line.
Here is an explanation of the lines and their colors.
- White lines : These are TSI price lines using two variations in the calculations. One is done using a SMA or simple moving average, the other is done using an exponential moving average. I have even used the weighted moving average. However, I find the SMA/EMA to be the most "error free" version.
If the EMA white line (price) is above the SMA white line, then it is bullish because the most recent price changes are given more weighting with the EMA version. Thus, if EMA white line > SMA white line then it will fill green and if it is less than the SMA version, it will fill with red color.
- Lime Green fill : The lime green color on the EMA/SMA white line combo means a new high was touched. This is very useful if you are a William O'Neal Swing Trader as I am. Dr. Wish speaks of the Green Line Breaks which represent new highs and their importance. See www.wishingwealthblog.com
- Orange/Gold Line : The Orange Line is the TSI calculation of the DXY (or US Dollar Index). This is something that I noticed that no one else talks about.
The US Dollar Index used on the TSI chart is really useful since it moves in direct opposition to the price of many indices.
My theory on this is due to the fact that the US Dollar is the "other side of the trade". Thus, if you buy several billion dollars worth of a stock, the US Dollar Index goes down and when you sell the shares back, the US Dollar Index goes back up.
Thus, it is tied into borrowing, leverage, borrowing costs, interest rates and similar things.
It has a similar relationship to stocks as oil does to airlines. When USOIL is up, AAL or DAL stocks are often down.
The leveraging of stock purchases explains why the stock market and the US Dollar work in contrarian directions.
I don't know why others have not seen this. It is probably due to the fact that the DXY is a big number and the changes are small and thus it has scaling issues with other forms of analysis. In other words, if you try to evaluate it in other ways, it does not scale on the charting and thus, traders/analysts would dismiss it.
Purple Lines : Comparison Indexes
Dark Purple Line: TSI Comparison line. Default is VIX line. The Vix Index with the TSI calculation applied.
Light purple/ lavendar line: This is an index such as the QQQ, which is used as the default.
Both of the purple lines are customizable.
Centerline: Accumulation-Distribution (mini):
Lastly, we have the centerline which is a smaller version of the light blue line; the Accumulation/Distribution Line. In this case, I wanted to show it as a kind of "money flow". This is a mini-version of the AD line. You can adjust the size using the zoom % on the indicator settings tab. The default is zoomed out 10%.
In addition, you can toggle the red/green fills of the stock/DXY lines and the stock/index lines.
Cheers!
BINANCE:SC/USDT - Channel Breakout | LONG Opportunity---------------------------------------------------------------
Description
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+ A Channel formed after sudden crash
+ Price is consolidating in this range.
+ Since overall market is bullish, expect price to breakout upward
+ A LONG opportunity we have for high risk trade.
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VectorAlgo Trade Details
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Entry Price: 0.008655 - 0.008734
Stop Loss: 0.008095
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Targets 1: 0.009228
Targets 2: 0.009770
Targets 3: 0.010431
Targets 4: 0.011267
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Timeframe:
Capital: 1-2% of trading capital
Leverage: 5-10x
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Note: Don't forget to keep the stop-loss.
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Agree or Disagree with the ideas ? lets discuss in the comments.
Like and follow us for more ideas.
Regards
VectorAlgo
Nzdusd SellPrice seems to be forming a Head and Shoulders pattern on the 15m tf. price recently made a supply zone (.61500-525) and a choch. price retested the neckline of the "H&S" and went up to retest resistance at .61475 and after forming the choch. we can make a entry on a lower tf when price makes a choch. we can take profit at the next demand at .61250
WAVES/USDT - Cool as cucumber | Dump and Pump #WAVES/USDT Analysis
Description
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+ After gradual crash over the month, we are seeing a decent bounce back in the price
+ If this bounce back is really a next leg of the long trend then we are looking the price to reach next major resistance
+ If the bull trend we have multiple minor resistances and those resistances can be broken very easily if the trend is strong
+ Lets see how the price reacts and enter the trade only after the confirmed breakout
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VectorAlgo Trade Details
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Entry Price: 2.357
Stop Loss: 2.014
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Targets 1: 2.430
Targets 2: 2.550
Targets 3: 2.750
Targets 4: 2.900
Targets 5: 3.075
Targets 6: 3.220
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Timeframe: 4H
Capital: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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Agree or Disagree with the ideas ? lets discuss in the comments.
Like and follow us for more ideas.
Regards
VectorAlgo
MATIC Polygon Price TargetIf you haven`t sold MATIC when Robinhood delisted it:
With the stock market reaching record highs, there is growing optimism that the positive momentum could spill over into the crypto market.
Historically, we've seen a correlation between bullish sentiments in traditional markets and increased interest and investment in cryptocurrencies.
As traditional investors seek diversification and alternative assets, the crypto market, with its potential for high returns, could benefit from this wave of enthusiasm.
This alignment with the prevailing positive trends in the stock market might act as a catalyst, fostering a bullish outlook for the crypto market in the coming days.
My Price Target for MATIC is the next resistance, $0.92.
ADA Cardano Price TargetIf you haven`t bought ADA at the beginning of the altcoin season:
With the stock market reaching record highs, there is growing optimism that the positive momentum could spill over into the crypto market.
Historically, we've seen a correlation between bullish sentiments in traditional markets and increased interest and investment in cryptocurrencies.
As traditional investors seek diversification and alternative assets, the crypto market, with its potential for high returns, could benefit from this wave of enthusiasm.
This alignment with the prevailing positive trends in the stock market might act as a catalyst, fostering a bullish outlook for the crypto market in the coming days.
My Price Target for ADA Cardano is the next resistance, $0.62.
DOT Polkadot Price TargetIf you haven`t bough the Double Bottom on DOT:
With the stock market reaching record highs, there is growing optimism that the positive momentum could spill over into the crypto market.
Historically, we've seen a correlation between bullish sentiments in traditional markets and increased interest and investment in cryptocurrencies.
As traditional investors seek diversification and alternative assets, the crypto market, with its potential for high returns, could benefit from this wave of enthusiasm.
This alignment with the prevailing positive trends in the stock market might act as a catalyst, fostering a bullish outlook for the crypto market in the coming days.
My Price Target for DOT Polkadot is the next resistance, $7.90.
NEAR Protocol Price TargetWith the stock market reaching record highs, there is growing optimism that the positive momentum could spill over into the crypto market.
Historically, we've seen a correlation between bullish sentiments in traditional markets and increased interest and investment in cryptocurrencies.
As traditional investors seek diversification and alternative assets, the crypto market, with its potential for high returns, could benefit from this wave of enthusiasm.
This alignment with the prevailing positive trends in the stock market might act as a catalyst, fostering a bullish outlook for the crypto market in the coming days.
My Price Target for NEAR Protocol is the next resistance, $3.40.
O Realty Income Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of O Realty Income Corporation prior to the earnings report this week,
I would consider purchasing the 50usd strike price Puts with
an expiration date of 2024-9-20,
for a premium of approximately $2.53.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Gbpusd Buy Gbpusd made a double bottom after a strong downtrend that left inefficacies in the market. if we look at most recent p.a we can see price broke previous internal equal highs and grabbed liquidity. price started retracing down after breaking 1.26090(where equal highs were located.) which was the last major high. it also created a choch ob that is still unmitigated. there is still a large amount of liquidity past 1.26090 an a unmitigated supply zone at 1.27730. i expected price to retrace to the 15m choch ob and to grab liquidity to fuel its upward movement.
ASTRA Protocol | A small Crypto GEM ? ASTRA cryptocurrency offers cutting-edge compliance solutions, Safeguards the online experience, and it`s tailored for Web3, marketplaces, gaming & more.
ASTRA is currently operating in over 150 countries.
Former EU Commissioner for Trade, Phil Hogan, has taken on the role of Executive Advisor for ASTRA Protocol.
Mick Mulvaney, former White House Chief of Staff is also in the team.
ASTRA Mk cap is only $1.37Mil
Looking at the chart, I see a bullish reversal from the falling wedge.
My first price target is $0.0064
Seems like a crypto Gem!
Not trading advice, of course.
ANET Arista Networks Options Ahead of EarningsAnalyzing the options chain and the chart patterns of ANET Arista Networks prior to the earnings report this week,
I would consider purchasing the 280usd strike price Calls with
an expiration date of 2024-2-16,
for a premium of approximately $18.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
GT The Goodyear Tire & Rubber Company Options Ahead of EarningsAnalyzing the options chain and the chart patterns of GT The Goodyear Tire & Rubber Company prior to the earnings report this week,
I would consider purchasing the 13usd strike price Calls with
an expiration date of 2024-2-16,
for a premium of approximately $0.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.