Market analysis from Vantage

VantageMarkets Broker

Price has reversed from 1st resistance which is an overlap resistance Entry: 0.9331 Why we like it: There is an overlap resistance Stop Loss: 0.9438 Why we like it: There are multiple swings high resistance Take Profit 0.9163 There is an overlap support Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage...

VantageMarkets Broker

Price has bounced off from our resistance level which is a swing-high resistance Entry: 1889 Why we like it: Price has respected our 38.2% Fibonacci retracement level which is an overlap support at 1889 Stop Loss: 1855 Why we like it: Place it slightly below 61.8% Fibonacci retracement Take Profit: 1933 Why we like it: There is a recent swing high...

VantageMarkets Broker

OKTA - 30d expiry - We look to Buy a break of 88.08 (stop at 80.89) The sequence for trading is higher highs and lows. Daily signals are bullish. A break of the recent high at 87.88 should result in a further move higher. Our outlook is bullish. This stock has seen good sales growth. Our profit targets will be 105.48 and 108.48 Resistance: 87.88 / 90.00 /...

VantageMarkets Broker

Palladium - Intraday - We look to Buy at 1474.1 (stop at 1450.1) Short term bias has turned positive. Previous resistance at 1475 now becomes support. We are trading at oversold extremes. We look to buy dips. We look for gains to be extended today. Our profit targets will be 1534.1 and 1544.1 Resistance: 1515 / 1527 / 1540 Support: 1490 / 1475 /...

VantageMarkets Broker

We are seeing that there is a overlap resistance that lines up with the Fibonacci retracement Entry: 1.0749 Why we like it: There is overlap resistance with slightly below the 50% Fibonacci retracement. Stop Loss: 1.0826 Why we like it: Place it just above the swing high resistance Take Profit : 1.06941 Why we like it: There is an overlap support Please...

VantageMarkets Broker

We are seeing that there is a bearish hidden divergence vs RSI, price could potentially drop down to the next support level Entry: 0.6690 Why we like it: There is a hidden divergence along with a 61.8% Fibonacci retracement Stop Loss: 0.6753 Why we like it: There is a swing high resistance Take Profit: 0.6577 There are multiple rejections in the...

VantageMarkets Broker

Price is approaching our buy entry which could potentially push up to the next resistance. Entry: 1889 Why we like it: There is an overlap support along with 23.6% Fibonacci retracement. Stop Loss: 1861 Why we like it: There is overlap support along with 50% Fibonacci retracement Take Profit: 1924 Why we like it: There is overlap resistance Please be...

VantageMarkets Broker

CHN50 - 24h expiry - We look to Sell at 13180 (stop at 13260) Buying pressure from 13031 resulted in prices rejecting the dip. The current move higher is expected to continue. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Further...

VantageMarkets Broker

Dollar General - 30d expiry - We look to Sell a break of 212.47 (stop at 220.62) Daily signals are bearish. The sequence for trading is lower lows and highs. A clear break of 215 and we would look for further losses to 200. Our outlook is bearish. There is no clear indication that the downward move is coming to an end. Our profit targets will be 193.53 and...

VantageMarkets Broker

Bitcoin - 24h expiry - We look to Sell at 25987 (stop at 26862) We are trading at overbought extremes. We look for a temporary move higher. The trend of higher highs is located at 26000. Preferred trade is to sell into rallies. The medium term bias is neutral. Our profit targets will be 23987 and 23687 Resistance: 24872 / 25200 / 26000 Support: 24000 /...

VantageMarkets Broker

NIK225 - 24h expiry - We look to Buy at 27430 (stop at 27235) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A Doji style candle has been posted from the base. We are trading at oversold extremes. Price action looks to be forming a bottom. This is positive for sentiment and the uptrend has potential to...

VantageMarkets Broker

XRP - 24h expiry - We look to Sell at 0.3898 (stop at 0.3968) The primary trend remains bearish. Trend line resistance is located at 0.3900. We look for a temporary move higher. Preferred trade is to sell into rallies. There is no clear indication that the downward move is coming to an end. Our profit targets will be 0.3718 and 0.3688 Resistance: 0.3700...

VantageMarkets Broker

Price has reversed from our key resistance level and it drop to our support Entry: 0.9081 Why we like it: There is a strong key support level Stop Loss: 0.8927 Why we like it: There is overlap support Take Profit: 0.9482 Why we like it: THere is overlap resistance Please be advised that the information presented on TradingView is provided to Vantage...

VantageMarkets Broker

We are looking for a buy entry with lines up the 38.2% Fibonacci retracement. Entry: 1.1684 Why we like it: There is a 38.2% Fibonacci retracement and overlap support Stop Loss: 1.1406 Why we like it: There is a 50% Fibonacci retracement and another overlap support Take profit: 1.2430k Why we like it: There is a strong key resistance level Please be...

VantageMarkets Broker

Price is bouching off from our key support level and it could push to take profit level Entry: 0.6548 Why we like it: There is a 61.8% Fibonacci retracement and overlap support Stop Loss: 0.6378 Why we like it: There is a 78.6% Fibonacci retracement and another overlap support Take Profit: 0.6868 Why we like it: there is an overlap resistance Please...

VantageMarkets Broker

Price has reversed from our support level, we could see the momentum carry the price up to its take profit target. Entry: 31726 Why we like it: There is a 50% Fibonacci retracement and overlap support Stop Loss: 30772 Why we like it: There is overlap support Take Profit: 32490 Why we like it: There is a 38.2% Fibonacci retracement and overlap resistance...

VantageMarkets Broker

Advanced Micro Devices - 30d expiry - We look to Buy at 79.11 (stop at 74.48) Daily signals are mildly bullish. Previous resistance at 79.00 now becomes support. 50 4 hour EMA is at 77.80. The sequence for trading is higher highs and lows. Preferred trade is to buy on dips. This is currently an actively traded stock. Our profit targets will be 90.31 and...

VantageMarkets Broker

Ethereum - 24h expiry - We look to Buy at 1272 (stop at 1222) There is no indication that the selloff is coming to an end. We look to buy dips. The trend of higher highs is located at 1175. Support is located at 1270 and should stem dips to this area. Support could prove difficult to breakdown. Our profit targets will be 1397 and 1417 Resistance: 1430 /...