Bitcoin Strong Momentum Below Key Resistance__________________________________________________________________________________
Technical Overview – Summary Points
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Momentum: Strong bullish momentum across higher timeframes. Generalized “Up” alignment via MTFTI, strong leverage from the Risk On / Risk Off Indicator (Strong Buy on all timeframes except temporary 2H Down).
Supports / Resistances: Price evolving just below major resistances (107643.9, 109952.8, 111949) and holding above key defensive zones (104940/105287.8, then 100353/100335).
Volumes: Average on higher timeframes, very high/accelerating on 30min/15min (potential buying climax or local volatility spike).
Multi-TF/ISPD DIV Behaviour: ISPD mostly neutral, but “Sell” warning on 30min during volume peaks (risk of quick profit-taking or fake breakout).
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Strategic Summary
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Global Bias: Ultra-bullish. Momentum structure supported by technical/sectoral/on-chain convergence.
Opportunity: Buy on defended pullbacks (support 104940/105287.8) or daily confirmation > 107700. Extension toward 109950–111949 upon pivot breakouts.
Main Risk: Extreme volumes + ISPD Sell alerts (30min) = caution, speculative excess/whipsaw possible, quick profit-taking, lack of macro catalyst (weekend proximity).
Macro Catalysts: No urgent catalysts (macro stable, low exogenous risk).
Action Plan:
Tactical entry on defended pullbacks or validated daily signal > 107700.
Stop-loss below 104940 (pivot), swing validation below 100335/100353 (on-chain).
Active management of 107600–107700 zone (potential climax/local capitulation).
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Multi-Timeframe Analysis
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1D (Daily): Strong momentum, price just below pivots, no sell signal. Supports: 100300/93337.4.
12H: Similar structure, buyers in control, potential dip under 107600–109900.
6H/4H: Ongoing bullish impulse, test of the critical 107640–107644; no signs of weakness bar minor consolidation.
2H: Only TF Down, technical breakout underway, “Up” signal restoring (watch for fakeout below 107600).
1H: Strong Up momentum, breakout confirmed, next candle confirmation needed.
30min/15min: Record volumes, ISPD Sell at 30min: high “bull trap” risk. Microsctructure strongly bullish but high post-spike volatility risk.
Risk On / Risk Off Indicator: Strong Buy on all major timeframes.
Bullish Confluences:
Up alignment (all majors except 2H), breakouts, confirmed sectoral momentum.
Very high volumes = new trend or potential buying climax.
Short-term risks:
ISPD Sell + extreme volume 30min/15min = possible local exhaustion.
Critical zone: 107600–107700. Watch out for fake breakouts!
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Strategic Bias – Pro Summary
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Technical: Setups remain bullish. Pivot breaks “open” the target zone up to 109950–111949. Stops below 104940 (pivot), swing validation sub 100335/100353. Switch to active management on exhaustion signals (vol spike or ISPD Sell).
On-Chain: Mature distribution; upside limited without new catalyst, but 103700/104940 zone remains pivotal.
Macro: No bearish macro/news catalyst short-term, technical dominance prevails.
Operational Summary:
Tactical bullish stance.
Favor buying dips toward 104940–105287.8.
Partial profit-taking above 109950.
Switch defensive on daily break 104940/104000.
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Momentumstrategy
RAILTELRAILTEL showing very good strength and currently trading above resistance line. It has also been observed cup and handle pattern breakout with decent increased volume in recent days. If I consider recent depth then we may see approx 30-33% rally in coming days provided that it holds and closing above 380 levels all the time. Strong up move is on the table!
BTC/USDT: Strong Bullish Alignment, All Signals Green (01/06/25)__________________________________________________________________________________
Technical Overview – Summary Points
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Momentum: Bullish structure confirmed by Risk On / Risk Off Indicator (“BUY” across all timeframes).
Key Supports: 103k–104k, consolidated on every horizon (1D to 15min).
Resistances: 105.5k–108k (short-term), 110k as a main pivot.
Volume: Moderately high, with no climax or distribution signals.
Behaviour: Proprietary indicators (ISPD DIV) show strong bullish confluence across timeframes; no divergences or significant bearish signals.
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Strategic Summary
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Directional Bias: Dominant bullish bias across all timeframes.
Opportunities: Tactical entries on pullbacks to 103k–104k, main exits >108/110k.
Risk: Invalidation below 101k; watch for extreme volumes or major macro catalysts.
Catalysts: Strong global risk-on dynamics (tech rally, institutional flows, weak USD); monitoring SEC regulation and macro events (NFP, CPI, FED).
Plan of action: Buy defended support zones, reduce on exuberance >110k, dynamic stop below 101k, stay reactive ahead of major events.
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Multi-Timeframe Analysis
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1D: Major resistance at 110k (Pivot High), strong support 101–104k, Risk On / Risk Off Indicator “BUY,” healthy volume; maintained momentum.
12H: Confluent resistance 105.5–110k, support 102.5–104k, bullish indicators, no divergence or volume climax.
6H: Resistances 105.5/108k, solid support 103–104k, strict bullish confirmations.
4H: Clustered resistances 105.5/108k, dense support 103–104k, digestion phase in volume (healthy consolidation).
2H: Major pivots 105–108k, supports 103k/101.5k, strong demand on pullback.
1H: Barriers 105.5–106k, support 103.4–104.2k, no bearish signals.
30min: Spot resistance at 105.5k+, support 103.8–104.2k, microstructure favors buying, weak selling pressure.
15min: Support 104k, resistance 105.5–106k, intraday flow remains pro-buy on weakness.
Risk On / Risk Off Indicator: Consistent “BUY” signal across all timeframes — sector and behavioural momentum alignment.
ISPD DIV: Positive histogram, no red zones or distribution alerts.
Volumes: Normal to moderately high, no climax suggesting trend end.
Summary: Strong multi-timeframe technical alignment. Bullish momentum, firmly defended supports. No imminent reversal signals, healthy consolidation within dominant risk-on trend.
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Strategic & Fundamental Synthesis
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Technical bias: Strong bullish conviction as long as 103–104k is defended, supported by Risk On / Risk Off Indicator/ISPD.
Fundamentals: Macro momentum (Nasdaq/US tech rally, weak USD), OI and spot dominance high, growing euphoria (ATH ~111k), watch for potential distribution if buyer exuberance peaks (P/L ratio 12:1).
Scenarios: Buy on defended flows 103–104k, TP >108–110k; caution on extreme volume at support.
Macro: Anticipate reactions to major events (NFP, CPI, FED). If a key event is due within 48h: prudence, adapt post-release.
Opportunities: Potential rotation to altcoins (SOL/ETH), short-term swing as BTC momentum pauses.
Momentum prevails, but caution warranted on any volume spikes or major macro headlines. Market remains a buy at support, optimal strategy is dynamic pullback/TP management, strict discipline in case of high-volume sell-off.
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Actionable Summary
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Entry: Buy securely on 103–104.2k zone
Stop: Hard invalidation if <101k (on volume)
Take Profit: 108–110k+
Risk: Excessive on-chain euphoria, violent support break
Stay agile near major releases and watch flow rotations (BTC/ALT)
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CPOOL (Clearpool) – Momentum Reversal Trade SetupCPOOL is flashing signs of a potential early trend reversal, supported by a strong bounce off a key support zone around $0.140. Price action suggests a reclaim of market structure, positioning this trade for a momentum shift with healthy upside targets.
🔹 Entry Zone:
Around $0.140 (support level)
🎯 Take Profit Targets:
🥇 $0.20 – $0.22
🥈 $0.29 – $0.31
🥉 $0.35 – $0.37
🛑 Stop Loss:
Daily close under $0.11
Candlestick Patterns + Trend and Momentum: A Perfect CombinationCandlestick patterns provide valuable insights into price action, showing potential reversals, continuations, or market indecision. However, to significantly improve their effectiveness, combining candlestick analysis with trend and momentum indicators is essential. Here’s how you can use these combinations to trade with more confidence and accuracy.
1. Why Candlestick Patterns Matter
Candlestick patterns visually represent traders’ psychology through price movements, including four key prices: Open, Close, High, and Low. Some of the most common and useful patterns include:
Doji: Indicates market indecision and potential reversals.
Hammer & Hanging Man: Signals possible trend reversals at support or resistance.
Engulfing Pattern: Often marks the beginning of a significant reversal.
Morning/Evening Star: Combination patterns that strongly suggest a trend reversal.
2. Adding Trend and Momentum Indicators
Candlestick patterns alone might lead to false signals or confusion. By pairing them with other technical tools, such as moving averages, RSI (Relative Strength Index), or MACD (Moving Average Convergence Divergence), you gain crucial context to confirm the reliability of the patterns.
Here’s how:
Trend Alignment:
Using moving averages, such as the 20 or 50-period EMA, helps confirm whether a bullish candlestick pattern appears in an uptrend (strengthening the signal) or countertrend (potentially weaker signal).
Momentum Confirmation:
Oscillators like the RSI or MACD can confirm the underlying momentum behind a candlestick pattern. For instance, a bullish engulfing pattern becomes more reliable if it coincides with RSI moving upward from oversold territory or MACD showing a bullish crossover.
Volume Analysis:
Higher volume on the candle that forms the pattern typically confirms increased market interest and strengthens the validity of the signal.
3. Practical Example: Bullish Engulfing + RSI
Imagine you spot a bullish engulfing pattern forming at a clear support level after a downtrend:
Step 1: Identify the Pattern: Confirm the bullish engulfing visually.
Step 2: Check RSI: Ensure RSI is below 30 or rising, signaling oversold conditions and potential bullish momentum.
4. Why This Approach Works
Enhanced Accuracy: Combining candlestick signals with trend and momentum indicators increases signal reliability.
Improved Risk Management: Clearer signals mean more confident entries and better-defined stop-loss levels.
Reduces False Signals: Multiple confirmations reduce the risk of false breakouts or reversals.
5. Final Tips
Always look for multiple confirmations (trend, momentum, volume) before making trade decisions based solely on candlestick patterns.
Be patient—waiting for full confirmation can help avoid premature trades.
Regularly backtest and practice recognizing these combined signals to strengthen your trading strategy.
Breakout or Fakeout? How to Spot the Difference and Trade.Trading breakouts can be exciting - and profitable - when they're real. But how do you avoid getting caught in those frustrating false breakouts (fakeouts) that trap many traders?
In this clear and practical guide, you'll learn exactly how to identify genuine breakouts, avoid traps, and improve your trading decisions instantly.
Here's what we'll cover:
✅ Real Breakouts vs Fakeouts: Why it matters.
✅ Market Psychology: Why false breakouts happen.
✅ Volume: Your best friend for spotting authenticity.
✅ Price Structure & Context: When breakouts mean business.
✅ Momentum Confirmation: The hidden indicator that changes everything.
Let’s dive in!
🚩 Real Breakout vs Fakeout: Know the Difference
A breakout occurs when price decisively moves beyond a clear support or resistance level. Imagine Bitcoin breaking above $50,000 or Gold dropping below $1,900.
A fakeout happens when price briefly breaks these key levels—but quickly reverses, leaving traders stuck on the wrong side of the market.
Why it matters: Fakeouts aren't just frustrating—they’re costly. They drain your capital and confidence. Recognizing them early keeps you profitable and disciplined.
🧠 Why Do Fakeouts Happen? (The Psychology)
Fakeouts thrive because traders chase excitement and fear missing out (FOMO). Here’s the secret many traders overlook:
Bull and Bear Traps: Institutional traders deliberately push prices slightly past key levels to trigger stop orders—only to reverse the price sharply.
FOMO-driven trades: Retail traders jump in excitedly at any small breakout, providing fuel for these short-lived moves.
Understanding these tactics can help you stay calm and avoid impulsive entries.
🔥 Volume: The Ultimate Breakout Indicator
Want to know if a breakout is real? Look at volume—it reveals the market’s true intention.
High Volume: Means broad market participation and conviction, supporting a genuine breakout.
Low Volume: A red flag! This signals low market conviction and a higher likelihood of reversal.
Example: If Ethereum breaks above $4,000 with unusually high volume, that's a strong signal. But if volume remains low, beware—it's likely a fakeout.
📐 Context and Price Structure Make a Difference
Not all breakouts are created equal. Pay attention to these key context clues:
Trend Alignment: Breakouts in the direction of a clear existing trend are more reliable.
Significance of Level: Breakouts of major support/resistance levels (weekly or monthly highs/lows) have higher odds of success.
Follow-through and Retests: Genuine breakouts often retest broken levels, turning old resistance into new support.
⚡ Momentum Confirmation: Your Secret Weapon
Momentum indicators (like RSI or MACD) tell you what's happening beneath the surface. They help confirm or reject breakout validity:
Strong Momentum: If indicators confirm the breakout direction, the breakout is more reliable.
Divergence (Warning Sign): If price makes a new high but momentum indicators show lower highs, beware—a fakeout could be near.
Use momentum as your final confirmation step. It’s the missing piece that many traders ignore.
🎯 Quick Breakout Checklist
Use this simple checklist next time you're assessing a breakout:
🚦 Trade Breakouts Wisely: Final Tips
Be Patient: Waiting for breakout confirmation saves you from costly mistakes.
Set Clear Stops: If a breakout fails, exit quickly. Small losses protect your capital.
Scale into Trades: Enter gradually to manage your risk effectively.
Mind Market Context: Always align breakouts with the broader market direction.
Trading breakouts doesn't have to be stressful. When you know what signs to watch for, you trade with confidence—not guesswork.
🚀 Conclusion: Trade Better, Not Harder
Avoiding fakeouts is all about patience, confirmation, and understanding market psychology. By using volume, context, and momentum effectively, you'll greatly improve your breakout trading.
Now, put these strategies into practice. Stop guessing—start confidently trading real breakouts today!
Happy Trading!
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#TradingTips #Breakouts #TechnicalAnalysis #TradingEducation #Crypto #Forex #StockTrading
How Momentum Divergence Reveals Hidden Market Strength and WeaknMost traders watch price action closely: candlesticks, moving averages, trendlines. But there’s a deeper, less obvious layer of information that often signals shifts in direction before price confirms it: momentum.
📌 Quick overview – what you'll learn:
What momentum divergence is (clearly explained)
How it helps predict potential trend shifts
Practical ways to spot and trade divergences
📈 Price vs Momentum: They're Not the Same!
Momentum doesn't simply track price direction. Instead, it measures the strength behind price movements.
Rising prices, falling momentum often signals upcoming bearish reversals.
Falling prices, rising momentum often hints at bullish reversals building beneath the surface.
These subtle divergences are powerful because they reveal hidden market shifts before everyone else notices them.
⚠️ How to Spot Momentum Divergence (Simple Steps):
Step-by-step:
- Find clear price swings:
Clearly defined highs/lows on your chart.
- Check momentum indicators (RSI, MACD, CCI, etc.):
Does the indicator agree or disagree with the price action?
- Spot divergence:
Bullish divergence: Price makes lower lows, indicator shows higher lows.
Bearish divergence: Price makes higher highs, indicator shows lower highs.
- Confirmation:
Always wait for price confirmation like a reversal candle or break of a trendline.
🔥 Why Momentum Divergence Works:
Divergence highlights hidden accumulation or distribution by smart money.
Helps you anticipate reversals before price confirms.
Filters out weak moves and helps you avoid fake breakouts.
📊 Real Example (XAUUSD – April 2025):
Recently in Gold:
Price was dropping steadily, reaching new lows.
Meanwhile, RSI showed clear higher lows – classic bullish divergence.
Result: Price exploded significantly shortly after momentum divergence appeared clearly.
🧠 Trading Tips to Remember:
Divergence signals are stronger near key support/resistance zones.
Use momentum divergence with your existing strategy for confirmation, not isolation.
Always define your risk clearly (set stops above/below recent highs/lows).
🚩 Common Pitfalls to Avoid:
Trading divergence without confirmation: always wait for the market to show its hand.
Ignoring the bigger picture: check higher timeframes for stronger signals.
Overtrading: not every divergence leads to a reversal; quality beats quantity.
🚀 Your Action Plan for Next Week:
Pick one momentum indicator and identify at least 3 divergences on your favorite assets.
Monitor how they play out.
Note down what works best in your trading journal.
💬 Question for you:
What’s your go-to momentum indicator when spotting divergence? RSI, MACD, CCI, or something else? Drop a comment below!
Happy trading!
TrendGo Team
EuroDollar : When Does the Dust Settle? Tariffs 25'Rather quiet to begin the week as the EuroDollar remains unchanged during the Initial 3 sessions of the week. A "Doji" Daily Candle printed, informing us those of us more technically minded to write off the day's price behavior and look to preceding candles for indication of future direction. It is important to note the longer top wick of 38.5 pips versus the 23.5 pips bottom wick. We can observe yet another daily candle wicking into the Weekly level 1.087. This Price remains very important in the short term because it may facilitate a pullback on EurUsd to the downside. This follows a historic Week of volatility for the EuroDollar as Trumps Tariffs shook the markets to say the least.
If we are considering Bullish targets for the week, Daily Level 1.093 , or even Daily Level 1.098 which would be the most generous for buyers. When fundamentals are this strong, it's more difficult to discount those larger, irrational moves that you see in the markets sometimes. So although one could argue how over-extended the EuroDollar is, we must remember the game we are playing.
In Considering Bearish targets, a retest of Daily Support level 1.0786 seems reasonable. A Deeper retracement could see price around 1.0694 , the beginning of Last Tuesdays very clean bullish NY session. A pullback seems technically sound, considering the outlier and extent of last weeks upside move.
Job Openings on Tuesday is the appetizer to the
Inflation CPI data on Wednesday which will surely see some volatility rock these already rattled markets.
CPI/Inflation is forecasted to Cool for the Dollar which technically supports more strength for the Euro and a further upside push for this pair.
Please Leave a rocket or comment if you enjoyed this Analysis. Have a good trading week !
How to Use RSI for Buy & Sell Signals! The Relative Strength Index (RSI) is a momentum indicator that helps traders identify overbought and oversold market conditions. It ranges from 0 to 100, with two key levels:
✅ RSI < 30 → Oversold: The asset is potentially undervalued, indicating a buying opportunity.
🚨 RSI > 70 → Overbought: The asset is potentially overvalued, signaling a potential sell-off.
How to trade it?
- When RSI drops below 30 and then moves back up, it suggests a bullish reversal (see green arrows).
- When RSI goes above 70 and then turns down, it signals a potential downtrend (see red arrows).
How long should you hold your position?
A great tip is to stay in the trade until RSI approaches the opposite extreme. For example:
- If you enter when RSI is below 30, hold until it nears 60-70 for an optimal exit.
- If you sell when RSI is above 70, you can hold a short until it drops near 40-30.
In the chart, you can see how the RSI accurately predicted major turning points in the market!
⚠️ Pro Tip: RSI works best when combined with other indicators like volume or moving averages to confirm signals!
+$413,000 profit on 918% move $1.15 to $11.71 $MLGOMultiple Buy Alerts 1st at $2.27 yesterday after hours with plan to hold overnight
Then 3 new Buy Alerts in $3 - $5 range today with $9 - $10 max target 🎯
Massive win on extremely strong buying all along
I repeatedly mentioned it in public chats as well especially during easiest swings $7.50 to $11.50 in minutes
ABT Strong Bullish Momentum – Move Toward $127.00 ExpectedNYSE:ABT is exhibiting strong bullish momentum, supported by a significant breakout above prior consolidation levels. The alignment of moving averages and the strength of recent price action suggest further upside potential, with the next logical target at $127.00.
The price has surged above key moving averages, including the 50 EMA, 100 EMA, and 200 EMA, all of which are trending upward. This confirms sustained momentum and further supports the bullish case.
BITCOIN (BTC/USD)Bias: Bullish
This idea is based round the idea of a long ranging period, which then leads to a large push higher.
bias change
If bias was to change, then a push below 92-90k would be expected.
Unless specifically timed with a low chance of alteration by external forces, anticipating the exact timing of events is unrealistic.
Trump Media Target $100 Possible. Days Away from being in OfficeSomething is up with Tiktok, Donald Trump Jr., Elon Musk, Twitter and Facebook meetings with Trump, Trump WILL reward his shareholders, I know this FOR SURE. One of the best buying opportunities I have seen in a long while. I am buying the March $100 call options on any dips. Right now, as we speak, this is pushing the trend resistance at $42.63. Support at $40.00 - Volume is building over the past few weeks. Trump going into office will propel this big.
How to Trade a Platform: Position-Style Entry and Exit SignalsPlatform Position Style Trading is a trading style that is ideal for those of you who have a career and can only trade once a week to a few times a week. It is also great for retirees who do not want to sit all day monitoring your stocks.
It is a very low-risk trading style with higher profit potential, as the hold time is a week to a few weeks.
The platform is the Buy Zone for Dark Pools who trade OFF the public exchanges on unlit Alternative Trading Venues. There are 50 ATS venues. There are 15 public exchanges where all retail trading is transacted.
The Dark Pools create small incremental price action that is always horizontal as they control price to the penny spread and have a tight price range that pings their TWAP orders and other professional types of orders not available to retail traders.
Professional traders who trade as a business independently, search for the liquidity draw and the tight price action so they can nudge an HFT or MEME group to drive price up speculatively while the pros take huge profits.
If you learn to get in with the professional traders, then your profits will be significantly higher. Risk is minimal because Dark Pools accumulate over several months, often 3 - 6 months, and that provides you with the time to enter. Then, you can ride the momentum or velocity run up with the professionals. The TT Accum/Dist and Volume Oscillators provide entry confirmation signals before the price moves up and exit signals BEFORE the price moves down. Hybrid Leading Indicators are important for trading the modern stock market which is automated and transacts on the millisecond scale on the professional side.
Firstsource solution 1 day chart suggesting bullish breakoutFirstsource sloution is looking in the uptrend .
Trendline is forming from 300 price levels to 360 . suggesting uptrend
Volume is Supporting in this uptrend .
RSI momentum is showing with breakout today. Signaling bullish momentum.
If price closed above 388 on daily chart further bullish Moment can be expected .
If price closed below 355 which is previous swing low on daily chart further bearish Moment can be expected .
Reversal Trading Strategy Using GOLDEN RSI Divergence Indicator Overview
Reversal trading strategies capitalize on identifying turning points in the market where a potential reversal from a downtrend to an uptrend, or vice versa, occurs. In this post, I will introduce a strategy based on divergence patterns spotted with a custom RSI (Relative Strength Index) indicator.
This method enhances traditional RSI analysis by making divergence detection clearer and actionable. By combining it with a strong understanding of price action, traders can gain an edge in timing market reversals effectively.
Key Features of This Strategy
Divergence Analysis: The core of this strategy is to identify bullish or bearish divergences between the RSI and price action.
Custom RSI Indicator: The custom RSI indicator simplifies divergence detection by highlighting critical levels and marking divergence points directly on the chart.
Confluence with Price Action: Reversals are validated using trendlines, support/resistance zones, and candlestick patterns.
Chart Example: S&P 500 Index
In the attached chart:
Bullish Divergence:
The price made lower lows, while the RSI made higher lows (indicated by green arrows).
This divergence signaled weakening bearish momentum and potential reversal.
Entry Point:
A clear breakout above the trendline validated the reversal.
Enter long positions near this breakout level.
Stop Loss:
Place the stop loss just below the recent swing low.
Target Profit:
Aim for the next major resistance zone or use a fixed risk-reward ratio (e.g., 1:2 or 1:3).
How to Spot Divergence
Bullish Divergence:
Price forms lower lows.
RSI forms higher lows.
This indicates waning bearish pressure and a potential upward reversal.
Bearish Divergence:
Price forms higher highs.
RSI forms lower highs.
This suggests weakening bullish pressure and a possible downward reversal.
Why This Strategy Works
Strength of RSI Divergence
RSI divergence reflects the loss of momentum in the current trend. By detecting it early, traders can position themselves ahead of major reversals.
Combining Confluence Factors
The success rate of this strategy increases when RSI divergence aligns with other technical factors like:
Horizontal support or resistance levels.
Trendline breaks.
Volume spikes.
Practical Tips for Using This Strategy
Use Multiple Timeframes: Confirm divergence signals on higher timeframes for stronger setups.
Avoid Overtrading: Only act on clear and validated divergence setups to minimize false signals.
Risk Management: Never risk more than 1-2% of your trading capital on a single trade.
Conclusion
This custom RSI-based divergence strategy is a powerful tool to identify high-probability reversal setups. When combined with proper risk management and confluence analysis, it can significantly improve trading outcomes.
Start experimenting with this strategy on your demo account and refine your approach before deploying it in live markets. If you have questions or want to discuss this further, feel free to comment below!
NVIDIA to ATH $153 until end of 2024 (16% ROI)With NASDAQ:NVDA , we are currently in a promising position to see a final exaggeration into the end of the year. The stock has risen over 180% percent in 2024 and I think we have a good chance to make 200% out of that. Looking at the chart we can see a clear uptrend trendline starting in August this year with multiple touchpoints along the line. Since October we're consolidating within the range from $131 to $153. After touching the trendline on thursday last week we're good to go higher (at least for now). Resistance will be the current ATH at $153. If we fail to hold the level at $131 on the daily chart the trade will be invalidated. That leaves us with 16.54% ROI in total.
Target Zone
$153.00
Support Zone
$131.00
Inhibikase Therapeutics, Inc. (IKT): Showing Strong MomentumInhibikase Therapeutics, Inc. (IKT) is a biotechnology company focused on developing treatments for neurodegenerative diseases, particularly Parkinson's disease and other related disorders.
The chart pattern shows a confirmation buy bar on increased volume, suggesting that there is strong market interest in Inhibikase's stock. The stock is trading above the Fibonacci .236 support zone, which is a positive sign for potential upward movement. This area, known as the momentum zone, often acts as a launching pad for stocks that maintain their position above it.
The company’s main products are drug candidates that aim to address the underlying causes of these diseases by targeting specific cellular mechanisms. Inhibikase is developing therapies designed to slow or halt the progression of Parkinson’s disease, a condition that currently has no cure.
The company’s most advanced drug candidates include IkT-148009, which is being tested in clinical trials for its potential to treat Parkinson's and other diseases linked to alpha-synuclein protein buildup in the brain.
The main drivers of growth for Inhibikase Therapeutics include advancements in the field of neuroscience, the growing demand for effective treatments for Parkinson's disease, and the company’s ability to progress its drug candidates through clinical trials. As the demand for innovative treatments in the neurology space increases, Inhibikase is positioned to be a key player in providing solutions for patients suffering from debilitating conditions.
The Fibonacci Snap Tool and the Momentum Zones, both available on TradersPro, are the indicators used to analyze the chart. These tools are helpful in identifying key levels of support and resistance and tracking momentum shifts.
BellRing Brands: Capitalizing on Health and Wellness GrowthBellRing Brands has broken out of a stage-one double-bottom base, signaling strong technical action and providing a compelling entry point. As a leading company in the health and wellness industry, BellRing Brands is well-positioned to benefit from the increasing demand for ready-to-drink protein shakes and nutrition bars. This breakout suggests a strong potential for further upside.
Technical Overview:
The stock has seen accumulation over the past several weeks, bouncing off the 21-day EMA and currently trading near highs. Using the IBD base pattern methodology, we aim for a 20% profit target , with an 8% stop loss to manage risk.
Profit Target: $75.96, reflecting a 20% gain from current levels.
Stop Loss: $58.65, which is approximately 8% below the entry point.
Squeeze Indicator:
The MTF Squeeze Analyzer confirms that a squeeze has fired on both the daily and weekly timeframes. This indicates that volatility is expanding, supporting further price acceleration and aligning with the breakout setup.
Momentum and Market Overview:
With the MTF SqzMom Indicator, we observe that momentum is in an uptrend for the 4H and higher time frames (W, 4D, and 2D).
The current RS Rating is 87, further confirming its relative strength in the market.
Final Thoughts:
BellRing Brands offers a strong opportunity for growth investors, driven by solid fundamentals and technical strength. The 20% target aligns with IBD’s proven methodology, while the tools provided by TradeVizion , including the Squeeze Analyzer and MTF sqzMom , provide additional layers of confirmation for timing and managing the trade.
Leverage the advanced insights from TradeVizion ’s to improve your trading strategies with clarity and confidence.
#ROKU Elliott-Wave UpdateROKU bullish scenario:
Chart could eventually establish a bottom in the pricerange of the yellow box.
I have slightly adjusted my count since the last post. After further analysis of the pattern, this count aligns best if youre comparing price movements with the most important indicators.
I’m quite bullish on ROKU in the short and mid-to-long term.
In a very bullish scenario, I see $160 as a possible target within the next year or so.