This is getting interesting. Looks like a breakdown a very bearish. But if the weekly candle closes up within the triangle that would be a bear trap. And it would be very possible that bulls try to break up the triangle. Let's see how the week closes and next week I'll have more clarity on what to do next.
And possibly below $10 after that? Most if not all Alt-tokens have returned to their 2017 lows with 95% to 98% corrections since 2021. Pick any token popular at that time: 1) DASH.. 95% correction with a return to $25 in 2023 as it was in 2017. Inflation adjusted, the price should be $19! A bucket of expired sardines in a Norwegian Fish-market has gained more...
H4 Analysis: Analysis/Bias remains the same as yesterdays analysis dated 11 June 2024. -> Swing: Bullish. -> Internal: Bearish. Price has continued to trade to the downside Price has now pinted a bullish CHoCH which indicates initiation of bullish pullback phase. Strong swing low is expected to hold, however, it would be worth noting the swing low must be...
Price is bouncing back from the strong resistance area and it's time to sell the GBPUSD . Risk only 2% per a trade . Good luck with the trade.
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Traders, please keep in mind that we have important economic events such as the US CPI & FOMC, as well as the FED Interest Rate decision later today. Here is my analysis for GOLD before the news. The pair recently broke through a key daily support level, leading to a new lower low and a correctional move. On the 4H chart, a bearish flag pattern is evident. A...
BTC/USD Daily Chart Analysis Trend Analysis: - The daily chart shows an overall bullish trend with higher highs and higher lows since late last year. - Recently, the price has been experiencing consolidation with some volatility but remains above key support levels. Support and Resistance Levels: - Immediate Support Level: 65,000, which could act as a...
Price has been playing really well. At the moment on the weekly chart I am looking at a break of market structure which might push the price even lower. But we have CPI news and Fed fund rates being released today which might change the whole story, but we wait and see. At the moment as noted on the video, I am watching level 2330 for sell entries, if that...
Price printing structure as last week, I am aware that anything can happen, but I am using the law of probabilities and the confluence infront of me. Market structure still bulllish on HTF 30% Weekly and Daily at same AOi Weekly rejection at AOi Daily Rejection at AOi Around Psychological Level 1.27500 H4 Touching EMA Candlestick rejection Rejection from...
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Rounding bottom with more than 2 years base. Also a descending triangle. First target 20. Then will see. SL triggers only if a weekly candles breaks down and closes under the 15.5 support level.
Technical Overview: Currently testing support level, next support could be the test of parallel channel (if breaks). On the flip side, initial horizontal resistance lies around 22.50, upon break out next resistance lies around 29.75. About Omni Network: Omni Network is solving the problem of fragmentation across Ethereum rollups. It provides a platform for...
SPY is approaching to a major resistance. I think we still have bullish fuel for a few more days. I'll use it to close my long positions and start shorting. Before it drops there will be a fight at that resistance. Just try manage your risk and reduce your short term long positions.
Scalping play imminent. BUY on the theory markets ranges 70% of the time, and BUY on the theory markets retraces HALF of the previous leg 90% of the time. Entry on 5m TF recommended.
Bitcoin is about to go nuclear and the due date is August 1st. I expect the launch to start sooner but if it isn't over my target line by August 1st then I can only assume we aren't going to supercycle and 80k is the top. Brace yourself.
The stock has come out with news today and has put in a powerful reversal. There is a possible cup & handle setup that could catapult it towards R130
On the daily chart, BTCUSD fell back after testing the 72,000 mark, forming a double top pattern in the short term. At present, attention can be paid to the resistance near 68,450. If there is resistance at this position, short selling can be considered, and the downward target is the 60,500-63,000 area.
NIFTY closed below va 1. gapup 23400 long till 23450 2. 23400-23300 trade reversal 3. gapdown 23300 short