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Propy resetting stochrsi just in time for golden crossYou can see here on the daily chart how propy hit the exact target of this 4hr chart inverse head and shoulders pattern of $1.93 and then instantly corrected and has now corrected enough to reset the daily stochrsi indicator just in time for its golden cross. Having price action be this close to the 50 and 200mas at the time of the cross is almost always a good sign that the cross will be sustained and validated as well. If so once price action climbs above the horizontal brown line and flips it to solidified support then the next target should be 2.76. That target then places us above the green trendline which will lead eventually to another breakout validation with an even bigger breakout target but we will focus more on that one once we get there. For now the focus is on breaking above the brown trendline and sustaining the golden cross. *not financial advice*
COINBASE:PROUSD
by DrDovetail
Simple13 Trading IdeaCurrent Price: RM 1.15 The stock successfully broke a 126-day consolidation and is now trading with strong upward momentum, pushing the RSI into the overbought range on the daily chart. Since the price is extended, waiting for a pullback could offer a better entry. Potential Pullback Supports Fibonacci Retracement Support (Daily Basis): I adjust the Fibonacci retracement levels daily based on recent price action. Typically, I focus on the 50% retracement level, a key area where buyers might step in. This keeps the support level dynamic and in line with market movements. 20 EMA Support (Daily Chart): The 20 EMA acts as a dynamic support level in a strong uptrend. If the stock retraces to this level, it could offer a buying opportunity, as prices often bounce off the 20 EMA in a sustained uptrend. Trading Plan Entry Area: RM 1.10 (near Fibonacci and 20 EMA support) Target Price: RM 1.30 (based on projected resistance and price targets) Cut Loss Level: RM 1.05 (if the stock closes below this level, indicating trend weakness) Risk-to-Reward Ratio: 4:1 Summary This setup aims to capitalize on the uptrend while managing risk with a clear entry, target, and stop-loss level. Adjusting the Fibonacci retracement and 20 EMA support on a daily basis will help refine entry timing. Disclaimer: This is not financial advice. Conduct your own research before making investment decisions. MYX:ADB
A
by Simple13_Trading
Company Overview: Canaan Inc. (CAN)Canaan Inc. is a leading provider of high-performance computing solutions and is primarily known for its focus on blockchain and artificial intelligence (AI). Below is a breakdown of the company’s profile, operations, and its role in the market. __________ Company Background Canaan Inc. (NASDAQ: CAN) is headquartered in China and operates at the forefront of the blockchain hardware industry. It is one of the first companies to deliver ASIC-powered Bitcoin mining machines. The company’s flagship products are branded under the "AvalonMiner" series, which are recognized for their energy efficiency and high computing power, making them crucial for cryptocurrency mining operations. __________ Key Business Segments Blockchain Hardware: Canaan is renowned for designing and manufacturing Application-Specific Integrated Circuits (ASICs). Its products cater to cryptocurrency mining, specifically for Bitcoin, and are widely adopted by miners globally. Artificial Intelligence: The company is expanding into AI applications by leveraging its ASIC chip expertise. It focuses on delivering high-performance edge computing solutions for AI. Research and Development (R&D): Canaan invests heavily in R&D to improve chip efficiency and innovate new solutions for blockchain technology and AI. __________ Recent Developments Financial Growth and Challenges: The company has faced challenges due to the volatility of cryptocurrency markets, which affects mining demand. Recent financial reports highlight strong revenue recovery, driven by Bitcoin's resurgence and growing demand for mining hardware. Global Expansion: Canaan has been actively expanding its operations globally to mitigate regional risks, particularly in light of China's stricter regulations on cryptocurrency mining. Innovation in Mining Technology: New AvalonMiner models aim to enhance hash rates and energy efficiency, offering miners a competitive edge in profitability. __________ Competitive Edge: Canaan’s early-mover advantage in ASIC chip manufacturing positions it as a significant player in the blockchain industry. With expertise in custom chip design, Canaan is also exploring adjacent markets like cloud computing and AI-powered data centers, which could diversify its revenue streams. __________ Risks Cryptocurrency Dependence: The company’s revenue is tightly linked to Bitcoin’s price, which makes it vulnerable to market downturns. Regulatory Environment: Global regulatory scrutiny of cryptocurrency mining poses risks to its operations. Competitive Pressure: Canaan faces stiff competition from other mining hardware companies such as Bitmain. __________ Technical Analysis Weekly Chart Analysis for CAN On the weekly chart, CAN is trading pre-market at $2.69, near its recent price range. Historically, the stock peaked at $39.10 and reached a low of $0.72, showing significant volatility over time. Key Indicators: - RSI (Relative Strength Index): At 72, the stock is currently overbought, signaling strong upward momentum but also caution for potential pullbacks. Directional Movement Index (DMI): - DI+ is at 38, indicating strong bullish pressure. - DI- is at 6, reflecting minimal bearish influence. - ADX (Average Directional Index) is 36, confirming a strong trend. - ATR (Average True Range): At 0.3841, the stock exhibits relatively high volatility for its current price level. The price is attempting to break out of a long period of consolidation. The RSI and ADX values suggest momentum is building; however, traders should monitor for potential profit-taking or a reversal due to the overbought condition. __________ Hourly Chart Analysis for CAN On the hourly chart, CAN is trading at $2.69 pre-market, showing short-term bullish trends with a low of $1.44 and a recent high of $3.10. Key Indicators: - RSI: At 50, the stock is neutral, indicating balanced momentum with room to either strengthen or weaken. Directional Movement Index (DMI): - DI+ at 26 reflects moderate buying pressure. - DI- at 22 suggests sellers are also active, making the trend less decisive. - ADX at 18 indicates a weak trend that is yet to solidify. - ATR: At 0.1163, the hourly chart reflects lower volatility compared to the weekly perspective, suggesting tighter price action. The hourly price action shows an uptrend following the break of $1.44, but the pullback from $3.10 suggests resistance at higher levels. Current indicators suggest consolidation, with a potential retest of recent highs if buying pressure increases. __________ Sources: Canaan Inc. Bull Case Theory on Yahoo Finance - finance.yahoo.com Stock Analysis Overview for CAN - stockanalysis.com Canaan Creative Investor Relations - investor.canaan-creative.com
NASDAQ:CANLong
by maybethatguy
Tesla: A Top Pick with Strong Bullish Momentum Tesla (NASDAQ: TSLA) has been making headlines recently, and for good reason. The stock has shown impressive performance, reaching new all-time highs and gaining significant attention from analysts and investors alike. Here's why Tesla is a top pick right now: Recent Performance and Analyst Insights Tesla's stock has surged to new heights, closing at $424.77 on December 11, 2024, marking its first record close in three years. This impressive performance has been driven by several factors, including strong earnings reports, positive market sentiment, and bullish commentary from Wall Street analysts. Morgan Stanley's Adam Jonas, a well-known Tesla analyst, recently raised his price target for Tesla from $310 to $400, citing the company's advancements in autonomous vehicle technology and its potential to outperform competitors. This bullish outlook has further fueled investor confidence in Tesla's future prospects. Technical Analysis From a technical perspective, Tesla's stock has been exhibiting strong bullish momentum. The stock recently broke out from an ascending triangle pattern, which is a bullish continuation pattern that often signals further upside potential. The relative strength index (RSI) is also above the 70 threshold, indicating strong buying pressure, although it also suggests that the stock may be overbought in the short term. Key Support and Resistance Levels Investors should keep an eye on key support and resistance levels as Tesla continues its upward trajectory. The $380 level is a critical support zone that could attract buying interest during any potential pullbacks. On the upside, the measured move technique projects a bullish price target of $585.65, which could be a region where investors might consider locking in profits. Conclusion Tesla's recent performance and bullish outlook make it a compelling pick for investors looking to capitalize on the company's growth potential. With strong technical indicators and positive analyst sentiment, Tesla is well-positioned for further gains. However, as always, it's important to conduct your own research and consider your risk tolerance before making any investment decisions. We'd love to hear your thoughts and feedback on Tesla and other trading insights. Feel free to reach out to us and share your experiences. Happy trading!
T
by CapitalGainz33
[ETH] ETHEREUM a possible case for (+165%) to (+240%)Ethereum is looking very strong in the higher timeframes with moneyflow increasing and momentum as well, it is above anchored vwap from oct 2021 highs and above anchored vwap from 2024. The target is between fibonacci extension levels, it is above value area high from last bull run and above value area high from 2024. If history repeat itself, after almost 1100 days ethereum makes a move for new highs after break the the previous highs from yearly candle close to open. So for example after almost 1100 days eth broke the 2017/2018 yearly level and now after almost 1100 days from 2021/2022 highs, it seems like it want to do the same thing. There's a real probability for that to happen. TARGET: $10435,00 TO $13388,00 up to (+240%)
COINBASE:ETHUSDLong
by Miketubarao
Long-Short setup for IBMTrendlines offer a broader perspective, helping identify larger price trends. On the chart, two primary trendlines emerge: Dashed Downtrend Line: Short-Term Resistance The dashed blue line, constructed from 1-hour candles over the past three months, has acted as a critical resistance in the short term. Recent price action indicates that the stock is struggling to breach this line, reinforcing bearish momentum. The expectation is as follows: Break Below the Dashed Line: If the price decisively breaks below the dashed blue line, it would signal the continuation of the short-term bearish trend. This could lead to accelerated selling pressure, pushing the stock lower. Implications of the Break: A breakdown would align the shorter-term trend with the long-term green channel, suggesting that the price might seek support at the lower boundary of the green ascending channel. Green Ascending Channel: Long-Term Support The green ascending channel, derived from daily candles, represents the stock's broader bullish trend. The lower boundary of this channel serves as a critical support zone: Target for the Decline: Once the price breaks below the dashed blue line, the expectation is that it will move toward the lower boundary of the green channel, where long-term buyers might re-enter the market. Support Strength: Historically, the lower boundary of the green channel has acted as a robust support, providing strong bounce opportunities. A touch at this level would likely present a favorable entry point for long positions in alignment with the long-term uptrend.
NYSE:IBMShort
by sandroroeder
[STMX] STORMX could grow its price between (+135%) to (+190%)STMX is above anchored vwap from apr 2022 and is trying to break the value area high from the last two years and a half, if it manages to close a weekly candle above $0,008044 will increase the probabilities to reach the highs from 2022. The target is between fibonacci retracement levels from apr 2022 highs to jun 2023 lows with monthly level and point of control from last bull run. TARGET: $0,01845 TO $0,02265 up to (+190%)
Long
by Miketubarao
XAU/USD Multi-Timeframe Comprehensive Analysis with KSFXAU/USD Multi-Timeframe Comprehensive Analysis with Key Success Factors (KSF) Step 1: Technical Analysis with FVG and Price Detachment Integration Current Price Overview: Current Price (CP): $2,706.40 EMA 8: $2,710.32 EMA 21: $2,712.17 SMA 50: $2,712.27 30-Minute Chart (Dominant Chart) Trend Assessment: EMA-8, EMA-21, SMA-50 Alignment: Current price is below all major moving averages (EMA-8, EMA-21, SMA-50), indicating short-term bearish momentum. Bearish detachment observed of ~$6 below EMA-21 and ~$5.87 below SMA-50. Ichimoku Cloud: Price is under the baseline of the Ichimoku Cloud, reinforcing bearish trend dominance. Detachment: ~$6 below Cloud baseline indicates a potential pullback setup to mean-reversion zones. Candlestick Pattern: Current pattern resembles a "Doji with Bearish Rejection Wicks", showing indecision but likely bearish continuation. Fair Value Gaps (FVG): Bullish FVGs (Support): $2,700–$2,703 (untested). $2,695–$2,698 (secondary). Bearish FVGs (Resistance): $2,712–$2,715 (tested and rejected). $2,720–$2,725 (newly formed zone, untested). Interaction: Price is currently rejecting tested bearish FVG at $2,712, aligning with SMA-50 resistance. Key Levels: Support: $2,700 (bullish FVG). $2,695 (Fibonacci 50% retracement zone). Resistance: $2,712–$2,715 (Bearish FVG). $2,720–$2,725 (untested FVG). Momentum Indicators: RSI: Stabilized near 43 (bearish but weakening), with slight divergence vs. price action. Stochastic RSI: Bullish crossover in the oversold zone (<20) indicates near-term reversal potential. ADX: 22, showing weak directional trend strength. Higher Timeframes (1H, 4H, Daily) 1H Chart: EMA-21 ($2,712) acting as resistance, with bearish FVG at $2,715–$2,720. Detachment: Price detached ~$6 from Ichimoku baseline. Candlestick Pattern: Bearish Engulfing likely to form upon close below $2,705. 4H Chart: Bollinger Band Upper Limit at $2,725 indicates overextension. Key Zone: Pullback support at $2,700 aligns with Fibonacci 61.8%. Daily Chart: Long-term trend remains bullish, but resistance at $2,730. Support zone intact near $2,690 (Fibonacci confluence). Lower Timeframes (5M, 15M) 5M Chart: Price forming 3 rejection wicks near $2,707. RSI climbing from 38 to 45 (weakening bearish momentum). Stochastic RSI: Bullish crossover near oversold zone. 15M Chart: Stochastic RSI bullish crossover aligns with support at $2,703. Price action shows a forming basing structure near $2,705. Step 2: Key Success Factors (KSF) Scenarios Bullish Rejection Scenarios: Rejection from $2,700–$2,703: Trigger: Long lower wicks on 30M chart. RSI Divergence on 15M required. Volume Confirmation: Positive Volume spike >40%. Bearish Rejection Scenarios: Rejection at $2,712: Bearish divergence (price vs. RSI). ADX Trend Exhaustion <25. Step 3: Multi-Timeframe Entry Plans Long Entry Plan: Aggressive Scalping Long: Trigger: Hold above $2,703 on 5M chart. Entry: $2,704. SL: $2,701. TP1: $2,708. TP2: $2,712. Breakout Long: Trigger: 30M close above $2,712. Entry: $2,713. SL: $2,710. TP1: $2,715. TP2: $2,720. Short Entry Plan: Aggressive Scalping Short: Trigger: Rejection at $2,712. Entry: $2,712. SL: $2,715. TP1: $2,708. TP2: $2,705. Step 4: Volume Profile Analysis 30M Volume Analysis: Positive volume increasing by 15%. Negative volume at resistance zones ($2,712–$2,715). Lower Timeframe Volume: 5M spikes in Positive Volume near $2,705. Step 5: Final Trading Outlook Entry Type Entry Price Stop Loss TP1 TP2 Risk:Reward Scalping Long $2,704 $2,701 $2,708 $2,712 1:2 Breakout Long $2,713 $2,710 $2,715 $2,720 1:2.5 Scalping Short $2,712 $2,715 $2,708 $2,705 1:1.5 Executive Summary: Short-term Bearish bias as price rejects FVG at $2,712. Bullish Scenarios at $2,703 depend on volume confirmation. Watch for divergences (RSI/Stochastic RSI) on 15M and 30M charts for scalping opportunities.
FX:XAUUSD
by ICHIMOKUontheNILE
Gold hits resistanceEarly yesterday, gold pushed back above $2,700 but ran into selling which drove it back down again. But buyers turned up just after the US open and soon gold was trading comfortably above $2,700 and testing prior resistance around $2,720. This was where gold topped out three weeks ago, just before the sharp sell-off when it dropped $110, or 4%, in just one day. It finally broke above $2,720 in the early hours of this morning. But it was unable to hold it, and it subsequently dropped sharply back to $2,700 which held as support. A look at the hourly chart shows clearly that $2,720 remains significant resistance. And while stating the obvious, gold needs to break above here with some energy for it to take out the record high of $2,790 hit at the end of October. The daily MACD is encouraging. It continues to point upwards from the neutral area, so is well below the overbought levels seen when it traded at all-time highs. On the flip side, it has rallied a long way so far this week, so overdue some consolidation, at least. But if it can hold above $2,700, that would be very encouraging for the bulls. Things were looking better for silver too. But it’s concerning that it has repeatedly failed to hold above $32 on recent breakout attempts.
TRADENATION:XAUUSD
by TradeNation
EUR/USD Short Trade Analysis and Updated StrategyHello traders! Here is the update of my short trade on the EUR/USD pair on the 15-minute time frame. I explain the key details, adjusted levels and analysis behind this setup. Trade Details: Entry: 1.0500 Stop-loss: 1.05223 (placed above the nearest resistance). Take profit: 1.0480 (targeting the closest support level). The price remains below key moving averages, confirming bearish momentum. Clear rejection near resistance levels indicates strong selling pressure. Support Level in Focus: 1.0480 serves as a significant support zone. This is my primary profit target, as it may act as a potential bounce area. The RSI shows neutral levels, suggesting the price still has room to move downward before reaching oversold territory. Stop-loss is set at 1.05223, just above the recent resistance, to account for potential volatility. Take profit is placed at 1.0480, with the possibility of extending it to 1.0455 if the support is decisively broken. Actively monitoring the 15-minute chart to track price behavior and make real-time adjustments if necessary. If the price breaks below 1.0480, I may shift the take profit to the next key support at 1.0455 to capture additional downside potential. This trade setup offers a 1:2 risk-reward ratio, making it a favorable opportunity while adhering to proper risk management practices. Disclaimer: This content is for educational and informational purposes only. It is not financial advice. Trading carries a high level of risk and may not be suitable for all investors. Always conduct your own analysis and use a risk management strategy before entering any trade.
Short
by MetalsMine