Reasons for bullish bias: - Price is at weekly support - Safe entry at LH breakout(DOW) - Price respecting strong trendline - Bullish divergence - 0.618 Fib level - Positive Earnings Here are the recommended trading levels: Entry Level(Buy Stop): 34.93 Stop Loss Level: 32.80 Take Profit Level 1: 36.93 Take Profit Level 2: 38.26 Take Profit Level 3: Open
Bearish wedge is still developing on ETHUSD and this is happening at the long term 50% retracement, which is at risk of breaking lower in the coming sessions.
I shorted gold at 2385, 2390 and 2395 overnight according to the trading strategy. If you read my last article carefully, I believe you have not missed the short trading plan. Currently, gold has fallen back to around 2383. I have Closed all short positions at 2384 and is considering going long gold. Although gold continued to fall today, it showed strong...
The retracement of the corrective risegives the chance of a renewed attempt to overcome the breaking summer high of 2021. And even if we may not succeed there is a good chance for a profit. But if we succeed the chance of a further rise will be exorbitant. Then the chart will have the V-formation confirmed which consists in the deep fall of the 4th quarter of 2021...
Not even gonna guess how high will it fly. Got higher than we expected already. Smoked bears, gone into hibernation. Here are the fib levels for your consideration. Notice price approaches the top Bolly Band. Not a lot of room left to squeeze but it could pump higher. Not overbought yet. Short when it gets there. Bewary.
🔥Today, I want to analyze the Toncoin(TON) project for you. I chose this project because the Notcoin(NOT) token is listed in several exchanges today. 💡You might ask, what does the NOT token have to do with the TON token ❗️❓ 🙏Please be with me 📚 What is Notcoin(NOT)❗️❓ 🔸Around 2018, Telegram developers decided to launch their own layer 1 Blockchain...
🔥Today, I want to analyze the GameStop(GME) project for you. After being listed on some exchanges , it has increased its price by more than ➕3,900% in the last three days. 📚What is GameStop(GME)❗️❓ 🔸 GameStop(GME) on the Solana network is a meme paying tribute to the 2021 short squeeze of GameStop. 🌊According to the theory of Elliott waves , ...
💡One of the important factors for analyzing the cryptocurrency market is the Market Cap USDT Dominance% (USDT.D%) status. 💡If USDT.D% falls, we can expect the cryptocurrency market to start rising ( not all tokens, of course ). 📈From the point of view of Classical Technical Analysis , USDT.D% looks like. It has succeeded in breaking the lower line of...
This line seems to be important enough to initiate a regular correction. We may even chance to see a retracement of the rise since October.
I haven't looked at XAU in a while, but since EU has been pretty profitable, I thought I'd have a look at it. I see price going either way, depending on the price action of the USD (DXY) Either XAU price will continue short on the minor trend to TP @ 1H uptrend OR I am looking for a break and retest of the downward trend to the upside to go long to hit the -27...
🔍 Let's analyze and review this cryptocurrency coin together, as we might find new entry points. 📊 In the weekly timeframe, after price support at 0.0771, buyers began entering the market, and we saw green candles that broke through the 600-day weekly box, making a sharp upward move past 0.1880. 🔻 Following this, we hit the significant resistance at 0.4545....
The bearish basic trend is very strong on BITCOIN - BTC/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 59,101.97 USD. Crossing the first support at 56,647.22 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 55,575.35...
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 77.450 which is a pullback support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 75.600 which is a level that lies underneath a pullback support. Take profit is at 79.900 which is an overlap resistance
BINANCE:BTCUSDT has been showing bullish prospects all week and has been consolidating above key zones, preparing to go higher, but on Friday the market changed to bearish and there is a reason for that. BTC lost 3.3% on Friday and is currently painting a bearish picture. There are two reasons for this: Inflation related news, basically proving that...
FX:NZDUSD is entering the consolidation phase after breaking the local trend resistance. On D1 the price enters a new range and on H1 a golden cross is formed. The dollar is standing still and losing positions since the opening of the session on the background of negative news. This is generally favorable for the currency pair. In this case, a retest of the...
Not financial advice. NYSE:TSM On its way to the top of channel will this be a break or bust? so far Fibonacci numbers align with the correct retracement. Bulls need to step in. Like and subscribe Thanks.
Local mining stock completing the 236 - 50% retrace. This one I'd like to hold long term and keep adding to but will use my normal SL management style. Don't want to be left holding a dead donkey.
This is a follow up to my $177 breakout call (click). Nearing a significant resistance around $188. Expecting a pullback but the market is strong. At the least we should get some sideways action. $ 187.49 - 188.98 is the immediate resistance of interest. $ 197.94 - 199.63 is next major resistance and maybe top. $ 181.95 - 182.39 is first good support that...