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Resistancerejection

Interesting indicatorsXRP is trying to find its range. A possible head and shoulders appeared in the ascending triangle, but it's hard to tell. 200 MA isn't playing the break and had a resistance rejection. If this is a head and shoulders, I believe there will be one more pump before a reversal. If not, it will break the ascending triangle to find new highs and lows. From a fundamental point of view, XRP is likely unstable because of its upcoming appeal, making traders skeptical of its short future. At this point, if you are serious about XRP, look at XRP as a long-term investor. Bitwise filed XRP ETF. (INVESTOR NEWS) - www.tradingview.com
BITSTAMP:XRPUSDLong
by LOWCO_487
$PLTR | Allocation | Buy Limit | Technical Confluences: Price is in Overbought conditions in the Weekly Timeframe (Will take time to play out) Price action bounced off 3 Resistances; Horizontal Trendline, top range of a Parallel Channel and the top of a Supply Zone Fundamental Confluences: PLTR's specialized software platorms that are complex yet scalable in it'sdata handling capabilities gives them their edge Competitors have yet to catch up to NYSE:PLTR 's advancement but competition is starting to build against them from other big tech firms The growth potential in data analytics is massive and it has not include massive global expansion A large portion of their revenue depends on government contracts which is stable but is susceptible to any changes in government and their policies (something to watch for) ----- This counter is a one that I had enter prior to this as shown. The story for NYSE:PLTR in the data analytics field is something that must be held in a long-term portfolio. At the moment, I don't see NYSE:PLTR breaking up above the 3 resistances and am expecting a reversal which I will place Buy Limit orders (as shown) to allocate more into this stock. -----
PLong
by weekendanalyst
Broadcom - Just be careful...NASDAQ:AVGO is quite overextended and retesting resistance so you have to be careful. Broadcom is rallying. This is a pretty obvious fact, considering that Broadcom is up roughly +330% over the past 1.5 years. Eventually we will see a correction, the only question is when and where. Currently, Broadcom is retesting a resistance trendline which has been pushing price lower for over a decade. Maybe this is a good area to close partials and monitor price closely. Levels to watch: $1.840, $1.140 Keep your long term vision, Philip - BasicTrading
NASDAQ:AVGOShort
by basictradingtv
3
SAVMUSDT Stalls at Monthly Hurdle: Pullback or Re-Test Incoming?SAVMUSDT is facing significant resistance at $8.506, a key level on the monthly chart. Given current market conditions, a breakout appears unlikely in the immediate future. Technical Analysis: Resistance: $8.506 (Monthly) Support: $7.391 (Daily), $6.630 (Daily), $5.449 (Monthly Pivot) Volume: (Not mentioned in the provided text) Key Observations: SAVMUSDT is encountering resistance at a crucial level on the monthly chart. Overcoming this hurdle could signal a continuation of the uptrend. The recent price rejection suggests a potential pullback or a retest of this resistance zone in the future on the daily chart. If the price falls, it could find support at $7.391 (daily), followed by $6.630 (daily) and then $5.449, which is a significant support level on the monthly chart (monthly pivot). Conversely, a successful breakout above $8.506 could lead to further gains towards $9.246 (second daily resistance) and potentially reach $10.666. SMA 200 can play a pivotal support role for SAVM Conclusion: The inability to break through the $8.506 resistance on the monthly chart suggests a potential pause in the uptrend. Traders should closely monitor the price action around this level. If the price pulls back, established support levels exist at $7.391 (daily), $6.630 (daily), and $5.449 (monthly pivot). Conversely, a breakout above resistance could signal a surge towards $10.666. This information is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
by behnoudt
3
Nifty - Surgical Precision Target & CorrectionOn Weekly Chart - After the Cup and Handle BO - Nifty retested the BO zone and bounced forming a Rounding Bottom BO. The Target for RB is 21820. The Multi-year trendline resistance is likely to cross around 21900-22000. Given India Vix BO, Nifty might face sharp correction after testing 21820-21900 levels. Keep a tab on individual stocks and their support levels After reaching the Target of Rounding Bottom BO at 21,820 - Nifty faced with a Sharp Correction Precisely from the target level This is the speciality of Technical Analysis. Technical Analysis is NOT based on Hope / Expectation / Trust on Management / Company / not a Future Forward state. A Chart Pattern is formed by "Herd Consensus" - How Majority People Behave, How Big Players / Operators create a situation of Demand / Panic Selling manipulating the minds of Majority Retailers. Technical Analysis is simply a Scientific & Mathematical model of Human Behaviour and I see it as my Bhagavad Gita / Holy Bible / Quran. It already encompasses Hyped News messages from Media, Fraudulent attempts of some company management, Actions by Regulators, Company's product focus, future vision everything and is engraved in stone and hence cannot be changed. This is why and how Technical Analysis works successfully Disclaimer: Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:NIFTYShort
by Stocks-n-Trends
NZDUSD Short Near Monthly HighHi Traders! NZDUSD is testing the monthly high for the first time, and there is an opportunity for a short entry back to the support level. Here are the details: The monthly high at 0.62498 is the key level here, and as the market is testing it for the first time, we are looking for the resistance level to hold. The longer the market holds below 0.62498, the more likely it is to pull back. Preferred Direction: Sell Entry Level: 0.62474 Stop Level: 0.65089 Target Level: 0.61809 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
11
CADJPY_28.09.2023_Potential to develop triangle & double topCADJPY analysis: 1. Time frame daily & weekly, currently price in a strong resistance area, but the upward movement in prices is starting to slow down. 2. Time frame daily, price has the potential to develop double top pattern which is a reversal pattern. 3. Time frame H-4, price has the potential to develop rising wedge pattern. Double top & rising wedge patterns have potential to form in a strong resistance area, so we can make this momentum to find a good position to have a selling position. Notes: - This is a personal analysis, please adjust it to the existing conditions. - This is not a buy/sell recommendation. This is just my personal analysis. - Please analyze again, because you are responsible for your decision. Your losses are your responsibility, your profits are yours. - Still in the learning process, let's learn together :) Thank You
Short
by moca_nomic
Are we forming a Bull Flag in Carvana?Hi guys! This is a quick analysis on my opinions on a current chart pattern that may be playing out in Carvana (CVNA). At first glance you can notice the formation of a Bull Flag on the 1 Week CVNA chart. As you can see we have had our Sharp price move to the Upside, almost resembling a straight line up. This is known as the Flagpole. The Volume spike seen in this move is supportive of this phase. Followed by a pause or sideways action resembling a parallelogram. Here we see diminishing Volume, which is supportive of this phase as well. This pause is to consolidate/ take a break from such a massive uptick in price during formation of the flagpole. Flag patterns are known to be one of the most reliable continuation patterns and are said to rarely lead to Reversal of Trend. Currently we are in the process, on our current Daily Candle of trying to breakout. But we are meeting with Serious Resistance, depicted by a MASSIVE Upper Wick. Ideally, i'd like to see a larger body at the close of today's candle. Could this still lead to a break out? Well one thing to check is the VOLUME. For a breakout to occur we need to see a Massive Spike in VOLUME. Which we have not seen yet. Could be warning for a test back down to the lower rim of the parallelogram. This would also lengthen the time spent in forming this pattern. Also note that Flag patterns are normally short term patterns and shuold breakout within 1 to 3 weeks, as per theory. We are currently 8 bars in on the weekly chart indicating 8 weeks of consolidation. This is Not Textbook. Which has me second guessing if this is a Bull Flag. We have so much Resistance Above us, and the massive sharp move from $3, didnt create strong market structure. This in my opinion could lead to a collapse of current move with a massive correction. Continue to monitor this. Remember to trade a Bull Flag: You must wait for a breakout with CONFIRMATION before you take positions. I would personally not take a trade inside the pattern. Watch for signs of rejection here as well. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on CVNA in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NYSE:CVNA
by SafofAllTrades
Beyond Meat Chance for more Turmoil ExistsHi Guys! This is a Technical Analysis on Beyond Meat (BYND) on the 3 Day Timeframe. Ive been following BYND for a long time, trying my best to scope out a BOTTOM. This is an UPDATE to my ongoing analysis. So check out my other charts below for more context. **Note: Our Current Candle has just begun today 08/14/23 and will close on 08/17/23 We were doing well until we got rejected by the MAJOR RESISTANCE ZONE (Red zone) Even after we got rejected we did well staying ABOVE the 50 SMA. But we were not able to sustain SUPPORT and fell through. We also broke back down below the MAJOR RESISTANCE Trendline from June 2021. Until proven otherwise, the breakout ABOVE this trendline is now a FAKEOUT. It is absolutely CRUCIAL we get ABOVE this TRENDLINE this WEEK to continue our Trend change attempt. And also get back above and confirm SUPPORT on 50 SMA. The Longer we stay below the chance of further PRICE DECLINE is more PROBABLE. This can be a Good and Bad thing. Bad especially for those who have bought BYND at higher prices. But very good in the sense that it would create a sense of no return. This can lead to a necessary capitulatory event where people basically give up, laying the foundation for prices to finally start increasing. The next levels to watch are the labeled SUPPORT areas: 1. RED Support TrendLine 2. Black Resistance tuned SUPPORT trendline 3. MOST IMPORTANT -> Horizontal Support line labeled MAJOR SUPPORT 4. Last defence = Dashed Red Support Line -> If we do break & CONFIRM below the RED Dashed line, this would be the Capitulation event where everyone gives up. COuld be a potential scenario to go LONG. It also would, provided the indicators match/support the pattern, STRENGTHEN the BULLISH DIVERGENCE thats forming. (For more info on the DIVERGENC, look at my previous charts on BYND BELOW) Now with our Indicators, there are clues in the history that indicate and support further turmoil. Notice our STOCH RSI We are currently in a BEARish move down to 20 level. The last 2 times we reached here, we stayed below the 20 level for 59 days and 56 days. This caused prices to drop significantly. We would need to have a quick BULLISH cross and move back upwards or not stay below for extended period of time. Along with the STOCH RSI, pattern in the RSI when found in correlation with identified pattern in STOCH RSI supports the PRICE DECLINES. -> The pattern is when the Orange RSI line crosses below the BLACK line and stays below for extended periods can hint at price DECLINES. Stay level headed, wait till the end of the Week for Clarity. There is always a chance we get back above and continue upwards. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on BYND in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:BYND
by SafofAllTrades
GBPAUD Sell & Buy Setup On H4GBPAUD is currently trading at 1.8863. If it is rejected from the resistance area, which is at 1.8902, it will then move down to the support level at 1.8744. However, if it successfully breaks above the resistance area, you can consider buying on its retest, aiming for the next resistance at 1.9165 for GBPAUD. Disclaimer: The information provided is for general informational purposes only and should not be considered as professional advice. Use at your own risk.
by ShaniTradingHub
USDJPY I Potential upside and CPI Report ForecastWelcome back! Let me know your thoughts in the comments! ** USDJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
16
APTUSDT is testing the dynamic resistanceAfter an amazing bull run, the current price of APTUSDT is testing a static daily support level, which is a price level that has historically acted as a strong support for the asset's price. Additionally, the price has bounced on the 0.786 Fibonacci level and is now testing a daily resistance level, which is a price level that has historically acted as a strong resistance for the asset's price. If the price of APTUSDT is able to break out from the $15 area and satisfy Plancton's rules, it may be a signal for a new long position. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
9