13/02/23 Weekly outlookLast weeks high: $23462.5
Last weeks low: $22446.7
Midpoint: $21431
As BTC retraces down through the FVG that I previously stated I had my eye on, price has now hit both 1D & 4H 200EMA and the top of the previous consolidation range.
Last week this area is where I stated I would look to do business as it provides decent support on the HTF, making sure the 1D & 4H 200EMA holds is pivotal continuing upward momentum. Personally without any big news events this is a solid place to start building Longs.
1d
ETHUSD - Overbought - Bearish DivergenceOn the 4h-timeframe (left chart) chart of Ethereum (ETHUSD) we can see bearish regular divergence has appeared. Divergence is a strong indication that the price will move in the opposite direction. This chart is showing that it is likely for the price to drop.
On the 1d-timeframe (right chart) of Ethereum (ETHUSD) we can see an overbought condition. The three indicators are all suggesting this condition and it is likely for the price to drop. The three indicators used are the Bollinger Bands, RSI, and the Stochastics.
There are two indications on different timeframes and are complementary to each other and suggest that the price will drop.
All further details are shown on the charts.
Good luck!
USD/JPY Possible SetupPrice has been in decline since October last year and we
are currently seeing strong momentum from a major support level,
if price breaks above descending channel, we may get a confirmation
for a bullish change in trend, resistance below 133.851 will indicate further downtrend
continuation.
💱 Is it time for the Euro? 💱 InvestMate💱 Is it time for the Euro?
💱 For some time now I have been watching the Eur/jpy pair which is, in my opinion, beginning its journey towards breaking out and landing finally at the 150 levels.
💱 Looking at the key indicators. We see bullish signals everywhere. Given today's upward candle and the formation of increasingly higher lows, it is hard not to hold a bullish attitude.
💱 Target was set on the basis of 2 fibo measurements, the last biggest corrections and the target level is the cluster 1.618, which ideally touches on the round level of 150
💱 The stop was set below today's upward candle.
💱 As a result, the Risk/Reward ratio is 3 times for profit, which in my opinion is a very good result.
🚀 If you like my analysis leave a like and follow my profile 🚀
YGG levels lottery.honestly guys.. just pick ur own TPs.
red line means dead line.
YGG got potencial... pretty nice ammount of %s to collect.
as long as ETH stays above 1700, we r good to go with rest of the altcoins.
entry now or 0.92
my SL is at 0.80
lev 2x
P.S. i wish i'd place my SL a little bit lower.
BTC fairplay.so at the moment we've observed BTC jump start from yellow trend line and upper band of descending chanell (as a retest).
i locked my gains at this level and now waiting for a retracement from 50 ema or bottom side of that grey support field.
strong signal to close all the long possitions will indicate KDJ all lines crossed down at 80 level.
good luck everyone.
don't forget that we are in global down trend and will stay there until we cross of its decending chanel upper band (dark blue)
WARNING: reaching TP3 will be a BULL TRAPP! we are going down anyway!
PEASE!
XRP long.im not that satisfied with the entry, but theres still 50% gain available at TP3.
ill lock my profits at each montly level (dark blue) and move my stoploss higher.
TP1 25%
TP2 75%
TP3 the rest of it.
just remember that we r in the downtrend and price can turn back any time.
only right risk management will save ur money.
all in hands of BTC heading to the levels shown in my previous ideas.
good luck.