BTC has been weak lately and is forming a bear flag now. I'd expect a break below and a retest of the GETTEX:59K area before starting another leg up.
On wheat's daily chart, the rally appears to have completed 5 Elliot waves up. Bearish fundamentals of current ample supply may now play out in an ABC correction, though how deep with a La Nina expected to affect Russia it remains to be seen. Beyond an ABC correction, it's possible to consider that said bearish fundamentals may see an impulse all the way down to...
Support zone is getting stronger, we can continue DCA at this time. I will pay more attention to altcoins right now as they are also in their support zones on the larger timeframes APE, ARB, ADA, DOT, MATIC PIXEL, SATS
The global gold price continues its upward momentum, with gold rising to $2,360 USD per ounce. As a result, the precious metal sees its strongest increase in five weeks, as investors increasingly believe that the US Federal Reserve will soon loosen monetary policy. Furthermore, optimism rises as recent data suggests a slight cooling off in the US economy. This...
Hello Traders Hope You Are Enjoying Our Analysis. Today We Will Discuss About WIF (Update) On The 12 Timeframe⏳ The Symmetrical Triangle Formation☑️ Expecting Massive Bullish Wave Towards 100% In Case Of Successful Breakout✍️
GU has a major LL to be broken which it looks like it's making a move towards breaking it this new week. It tapped into a recent supply zone at the level 1.25378 and headed below therefore this new week let's hope to see more of downward movements straight to 1.23086
Youtuber will never show you this. They will hype on daily timeframe showing bull flag pattern. They will tell you BTC halving and price will only go to moon. As a investor, I will never recommend people to hyped at the top. I may be wrong, price may go to 80k if we are lucky but the point is I will not hype when higher timeframe indicators show over-bought....
NASDAQ:TSLA Breaking Gap Fill 1 Filled We have a HUGE open gap to fill all the way down to 147 is the the next stop? I will be HUNTING a powerful MULTI WEEK OPTIONS PLAYS ❤️if UR IN!
EURUSD formed another green weekly candle last week. Could see further upside for this week. Friday was bearish though so near term is weak. Price opened at the PZ and is rejected by it. Thus looking for possible longs, but only at 1.0761 and possibly 1.0745. Price target for today, 1.0799 double resistance and if hold, 1.0829 next.
ETH maintains it's position above 2878 while slowly rising to 20EMA. Start of recovery should occur soon if the double-bottom holds true. Note the close alignment of 50EMA and 3k which could make this zone tougher to break. www.tradingview.com
K1 is a bullish up engulfing pattern, But it is not strong enough to start a new bull run. K2 failed to close upon the previous high price. It seems that K3 and K4 will test the potential support under low volume. If that is a fact, It will be a first potential good place to buy in. If the following candles(Perhaps at K5 or K6) breaking up the downtrend...
USD/CAD is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 1.3628 which is an overlap support that lies underneath the 61.8% Fibonacci retracement level. Stop loss is at 1.3590 which is a level that lies underneath an overlap support and the 61.8% Fibonacci retracement level. Take profit is at...
Gold doesn't seem to be stopping soon. forming bullish divergence on 4H and a potential cup and handle forming. The breakout of the price above can hit the potential targets which can be used for profit taking.
Hello everyone as you all of us and our markets are dependent to US Dollar and it is true, if you like it or not. For this reason we should consider its chart as a confirmatory study (but not always). If this counting and prediction is correct, so we will see a sharp drop in DXY that can justify our expected rally in Crypto market (and other high risk markets). Thanks
This week we have red folder news Tues - Thursday. We will be having tons of volatility from these news. Be patience and wait on your setup. Until my tread line is broken, i am still bullish on DXY. My target is 106.00. Have a good week.
Took profits from 2368.8 to 2360 and flipped long when I noticed a flag forming on the 15. I think I’m going to respect the bulls here until I see a better reason to sell. Tight SL 2356.1, might move it lower still.. but I can see a pop happening over night to hit some stop losses. Always happy to take some profits. GL to you
As commented in the related ideas section about CRYPTO:BTCUSD , the previous consolidation zone between the 2 white lines, which I expected CRYPTO:BTCUSD to break out and hence placed the buy stop order at 71800, already failed on April 13 when BINANCE:BTCUSD broke DOWN its MA-50 on war news. The expected trade therefore was never triggered and I am...
- There is a characteristic pattern that gold chart follows during its bullish rally. - During first rally from August 1976 till January 1980, the price went up by 773% over 41 months period. - During second rally from August 1999 till September 2011, price went up by 662.03% over 145 months period. - If we compare the first rally with the second, there was a drop...