SWING IDEA - CAR TRADE TECH

Zaktualizowano
CarTrade Tech is showing a promising swing trade setup based on the following key technical signals.

Reasons are listed below :
  • Break of Cup and Handle Pattern: The price is attempting to break out of a classic cup and handle pattern, which is a strong bullish continuation signal.
  • 950 Zone Tested Multiple Times: The 950 zone has been tested repeatedly, indicating it is a strong resistance level. A breakout above this level could result in further upward momentum.
  • VCP Pattern in Uptrend: A Volatility Contraction Pattern (VCP) is forming, which suggests tightening price action and may lead to a breakout if volatility decreases and buying pressure increases.
  • Bullish Engulfing Candle on Weekly Timeframe: A bullish engulfing candle on the weekly chart reinforces the potential for an upward move, showing strong buying interest.
  • Increase in Volumes: A noticeable spike in volumes supports the bullish sentiment and confirms that market participants are actively involved in this move.
  • Higher Lows: The lows are consistently shifting higher, indicating sustained buying pressure and upward momentum.


Target - 1110 // 1210 // 1400
Stoploss - weekly close below 750

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@visionary.growth.insights
Uwaga
made a high of 9%++
Uwaga
hold!
Uwaga
made a new high of 12%++
Uwaga
hold!
Uwaga
made a new high today, hold!
Uwaga
made a high of 14%++
Uwaga
made a new high of 1070+, hold!
Transakcja zamknięta: osiągnięto wyznaczony cel
1st target achieved : 21%++
Uwaga
2nd target achieved : 39%++
Uwaga
made a new high of 45%++
Uwaga
Achieved 50%++
Uwaga
final target achieved : 55%++
Uwaga
made a new high of 63%++
Uwaga
made a high of 72%++
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