Trend Analysis
XRP SELL Idea
heyy guys XRP could be a good sell right now as we head into the new year for a few reasons if we get any additional confluences we can enter for a sell. First, with the recent legal progress Ripple has made, there's a sense of optimism in the market which could drive prices up temporarily. Additionally as the year starts investors may look to cash in on any recent gains or adjust their portfolios creating selling pressure. Plus, market sentiment often shifts around the new year
Bullish bounce off 50% Fibonacci support?EUR/JPY is falling towards the support level which is an overlap support that is slightly below the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 162.04
Why we like it:
There is an overlap support level that is slightly below the 50% Fibonacci retracement.
Stop loss: 160.32
Why we like it:
There is an overlap support level that lines up with the 50% Fibonacci retracement.
Take profit: 164.46
Why we like it:
There is a pullback resistance level.
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Could the Gold drop from here?The price is reacting off the pivot which has been identified as an overlap resistance and could drop to the pullback support level.
Pivot: 2,636.83
1st Support: 2,608.00
1st Resistance: 2,657.44
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35% correction in 15 trading days = buy? I say yes.Like most of my trades, this is designed to be a quick flip. It doesn't always work that way, but it has (to this point) always been profitable - literally 100% of the time with $IREN.
15 of the last 17 trade signals on IREN have been profitable in one day, and the two that weren't were profitable in two and 7 trading days, respectively.
Per my usual strategy, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit.
As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
Technical Analysis for TSLA Jan 2, 20251-Hour Chart Analysis (Trading Perspective)
Key Observations:
1. Price Action:
* TSLA is in a short-term downtrend, with the price respecting the downward-sloping trendline.
* A key support zone is around $401–$403, which aligns with recent consolidation levels.
2. Indicators:
* MACD: The MACD is bearish, with the signal line crossing below the MACD line and histogram bars increasing in the negative zone, indicating downward momentum.
* Stoch RSI: The Stoch RSI is near the oversold zone, which might suggest a potential bounce if supported by price action.
3. Volume:
* Volume has picked up during the recent bearish candles, confirming seller strength in the short term.
Trading Strategy:
Bearish Continuation:
* Entry: If the price breaks below the key support at $401 with increasing volume, enter a short position.
* Stop Loss: Place the stop above the previous swing high or near the downward-sloping trendline (~$410).
* Targets:
* Target 1: $395
* Target 2: $390 (psychological level and historical support).
Reversal Opportunity:
* Entry: If the price holds above $401 and forms a bullish reversal candle with confirmation from MACD flattening and Stoch RSI crossing upwards.
* Stop Loss: Place the stop just below the support level at $399.
* Targets:
* Target 1: $410 (trendline resistance).
* Target 2: $420 (major resistance and upper channel boundary).
Daily Chart Analysis (Options Perspective with GEX)
Key Observations:
1. Gamma Exposure (GEX):
* Key Levels:
* Call Wall at $455: This is a significant resistance level, indicating where call sellers might exert pressure.
* Put Wall at $380: Major support level where put buyers may defend.
* HVL (Highest Volume Level): At $403, aligning with support on the 1-hour chart, making it a critical decision level.
2. Options Oscillator (IV and GEX):
* IV Rank (IVR) is high at 73.1, indicating elevated implied volatility, which could favor premium-selling strategies for options traders.
* Net Gamma is negative, suggesting that the market is leaning bearish in the short term.
Options Strategy:
Bearish Strategy:
* Entry: If TSLA breaks below $401 (HVL) with momentum.
* Option Play: Buy $395 strike puts expiring in 1–2 weeks for short-term bearish exposure.
* Targets:
* First target: $390 (Put Wall).
* Second target: $380 (next major support).
* Stop Loss: Exit the puts if TSLA reclaims $405 and holds above this level.
Bullish Strategy:
* Entry: If TSLA bounces off the $401 support and breaks above $410 with confirmation.
* Option Play: Sell $380 strike puts or buy $420 strike calls expiring in 2–4 weeks.
* Targets:
* First target: $420 (resistance level).
* Second target: $455 (Call Wall).
* Stop Loss: Exit if TSLA breaks below $399.
Conclusion
* For trading, watch the $401–$403 support level for either a breakdown (short entry) or a reversal (long entry).
* For options, leverage the Gamma levels by playing the Call Wall at $455 and Put Wall at $380 as key targets.
* Always monitor volume and indicator confirmation to ensure alignment with the setup. Use disciplined stop-loss and risk management for all trades.
Disclaimer
This analysis is for educational and informational purposes only and should not be considered as financial or investment advice.
CHZ- 4h - Accumulation RangeREMEMBER that a lot of investors sell stocks or crypto for fiscal conditions in 2024 to close the year.
For that, we have low buy liquidity , and even with that pressure on the price , CHZ is trying to remaning in the same range as 1 week ago, so a breakout can restart a new HH , so patience.
Im bullish on it if the 0.1usd resistance its broken and became a support.
Case Study based on Elliott Waves on exampled chart Tata MotorsHello Friends,
Today we are plotting Elliott wave counts on Case study chart of "Tata Motors Ltd".
In this study we used Elliott Wave Theory & Structures, it involves multiple possibilities, and the analysis presented focuses on one potential scenario. The provided information is for educational purposes only, not trading advice. There's a risk of being completely wrong, and users are warned not to trade or invest solely based on this study. The content is not an advisory and does not guarantee profits, We are not responsible for any kind of profits and losses; individuals should consult a financial advisor before making any trading or investment decisions.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
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The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Gold H4 | Potential bearish reversalGold (XAU/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 2,636.57 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 2,670.00 which is a level that sits above the 50.0% Fibonacci retracement and an overlap resistance.
Take profit is at 2,585.26 which is a swing-low support.
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Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
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GBP/JPY: Key Levels to Watch for Continuation or Reversal !The GBP/JPY pair is trading in an overall upward trend on the medium and long-term, forming higher highs confirming the bullish momentum and higher lows that maintain the bullish trend.
The pullback occurring in this pair is considered corrective for the upward trend, and the level of 195.114 is considered as a potential bullish point for a renewed rise to continue the upward trend and target 197.796.
On the other hand, the level of 194.056 represents the last higher low, and a break below it, forming a new low on the 4-hour chart, would indicate a shift in trend from bullish to bearish, thus invalidating the positive scenario mentioned above.
#WLD/USDT Ready to go higher#WLD
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 2.09
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the 100 moving average
Entry price 2.16
First target 2.24
Second target 2.34
Third target 2.44
[Vienmelodic] GBPCHF - 2 Jan 2025 SetupGBPCHF Market structure are still Bullish. Spotted demand area (Green Rectangle). its the first demand area and theres a bullish engulfing candle before the area so its the evidence of strong bullish continuation pattern.
Entry Position : Long
Profit Target : 1:3 Shown on the chart image (Green Line)
Stop Loss : Slightly below demand area (Red Line)
Follow me if u guys making any gains from this idea.
Thanks
Vienmelodic
Hoping for a Dip, but Also Some Thrills: Shorting $ADA!CRYPTOCAP:ADA Short Setup:
Wanted some extra adrenaline in my life, so I’m shorting CRYPTOCAP:ADA here.
Simple setup: First time testing the monthly block. If this week closes below $1.18, it will add confluence.
Aiming for sub-80c. BINANCE:ADAUSDT
#NIFTY Intraday Support and Resistance Levels - 02/01/2025Gap up opening expected in nifty. Expected opening above 23800 level. After opening if it's sustain above this level then expected strong upside rally upto 24050 in today's session. Downside will be occurs in case nifty starts trading below the 23750 level. Downside rally expected upto 23550 support level.
SPY Triple Bottom, Rally time?!AMEX:SPY SP:SPX
I'd really like us to end the week above $580 in order to have this either Double or Triple bottom friends!
I could see a flash crash down to fill the price GAP at $574.81 as well.
Either way from what I'm seeing on the TVC:VIX , Economic numbers, and the charts I believe we are getting close to a bottom friends.
Consolidate down to only the best names until we receive that confirmation. They did a fake out today and another FED putting FUD into the market didn't help with the GDP projection.
Not financial advice.
Escorts Limited - At long term significant support zoneEscorts has been forming series of Higher Highs and Highs lows indicates strong uptrend.
The higher low has since last 4-5 years has bottomed out the 20 Monthly EMA.
The stock has consistently found support at the moving average and bottomed out near the same.
Currently stock is placed near the same juncture, going ahead if support holds well like in the past, stock could end its corrective phase and resume its prior uptrend.
ADA - 4h - Accumulation RangeADA - 4h - Accumulation Range
REMEMBER that a lot of investors sell stocks or crypto for fiscal conditions in 2024 to close the year.
For that, we have low buy liquidity , and even with that pressure on the price , ADA is trying to remaning in the same range as 1 week ago, so a breakout can restart a new HH , so patience.
Im bullish on it if the 1usd resistance its broken and became a support.
USDCAD, Is 1.47 available ?Hello Traders, Happy new year in advance, I Hope you have a great year ahead with your family.
let's go for USDCAD analysis:
for upcoming weeks, we'll probably see a downward correction to Specified level at first and then it will start another Rally. so with a proper trigger we can open a short position at first and after that a long position with TP around 1.4700.
And finally tell me what do you think ? UP or DOWN ? leave your comment below this post.
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