DAILY OUTLOOK FOR GOLD: 1H ANALYSISHello everyone.
For today's trading idea, I have mentioned the levels from which you can trade. OANDA:XAUUSD seems bullish in long term trend.
BUY: 2618/2616
SELL: 2638 & 2652.
I'll be updating the idea and will let you know about recent market changes. So boost and share your thoughts in comments section of this
idea.
1hourchart
price seems bearishly diverged rejected from $1whether its psychological resistance, ovextention of distribution or availability, or volatility from profit taking, the rejection at #1 has led to a sizeable pullback on the 1 hr chart. if we dont break through this high bulls will look to confirm a higher daily low and try again at $1.
i think its clear this stock will remain under $1, even if it goes to $2 over enough time.
BNB/USDT 1H ChartHello everyone, let's look at the 1H BNB to USDT chart, in this situation we can see how the price is moving below the uptrend line and was struggling to maintain the level.
Let's start by setting goals for the near future, which include:
T1-$554
T2-$562
T3-$583
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $544
SL2 = $537
SL3 = $527
SL4 = $509
Looking at the RSI indicator, we see that we are above the upper line of the range, which may contribute to an attempt at a price recovery.
GBPUSD Medium cycleGBPUSD is in a bullish channel.
its have 2 hunts to this channel lines.
i think normal time for third hunt is at next 22 bars in 1.29840 price.
now if its hunt sooner its show that the power of bearish trend increasing.
and if its hunt later show that the bullish trend power is increasing.
why do i thinks so ? because i compare that whit its last hunt.
also the DXY had strong bearish trend and its resting now.
i think the bearish trend can continuo.
Its just my personal comment please don't trade whit this.
I have no responsibility for your money.
Is ABTUSD already triggering c&h w/a handle only on small TFs?ABTUSD just recently hit the full target of its linear chart’s recent bull flag breakout and in the process filled out this beautifully sculpted cup that I thought would take several daily candles to complete a handle of before continuing to move upward….to my surprise price decided to only let the handle develop on the 30minute-2hr chart before breaking above the neckline. So it is currently now most valid on the 35-45 minute chart…making it far more likely the pattern can be nullified on such a small tie frame, however as of right now it is well on the way to the full c&h breakout target…a few dives back below the neckline especially on such a small time frame are quite possible too before it musters up the strength to hit the full target. If it does hit that target it is well on the way of finally hitting my much higher target of the Log charts bullflag breakout which I will link that idea below. Keep in mind because it is the log chart its measured move target from breaking up from the flag is considerably higher than the one that was on the linear chart. *not financial advice*
HelenP. I Bitcoin can fall a little and then bounce up to $64000Hi folks today I'm prepared for you Bitcoin analytics. A not long time ago price rebounded from the trend line and made impulse up to the support level, which coincided with the support zone and soon broke this level. After this, BTC continued to move up to the resistance level and even entered to resistance zone, but soon turned around and fell below the 64000 level. Some time later Bitcoin broke this level again and rose even higher resistance zone, but then it started to decline and fell almost to the support level, breaking the resistance level one more time. Next, BTC rebounded and tried to rise to the resistance level, but failed and declined to the 60100 support level again. After this movement, price started to rise near the trend line and even later BTC rebounded up, but recently declined back to this line. So, just now, the price continues to trades near the trend line and I expect that Bitcoin will decline a little lower than the trend line and then rebound up to the resistance level. For this case, I set my target at the 64000 level. If you like my analytics you may support me with your like/comment ❤️
BTC Short-Term Chart 1HSupports and resistances for BTC in pair with USDT taking into account the time frame of one hour. As you can see, the price returned above the local upward trend line.
After unfolding the Fib Retracement grid, it can be seen that the price is struggling to maintain the resistance at $43,872, and still needs to overcome the strong resistance zone from $44,762 to $45,875.
Looking the other way, you can see support at $42,927, then at $42,050, and then the support zone from $41,421 to $40,620.
Looking at the RSI indicator, we can see a dynamic increase with room for further movement, while the STOCH indicator is reflecting from the upper limit, which may result in a price recovery.
Nearby supports and resistances for BTCNearby supports and resistances for BTC. As you can see, the price remains above the local upward trend line.
After unfolding the trend based fib extension grid, you can see the support zone from $42,370 to $42,228, and then we have support at the level of 41,821.
Looking the other way, we see resistance at $42,706, while further we have a strong resistance zone from $43,080 to $43,281.
We have exceeded the upper limit on the RSI, but looking at the STOCH indicator we can see a greater price recovery.
ETH 1HInterval Chart Short-TermHello everyone, let's take a look at the ETH to USDT chart on a one hour time frame. As you can see, the price came out at the top of the indicated triangle.
When we unfold the Trend Based Fib Extension grid, we can determine the support level at $1948, and then we have a support zone from $1928 to $1913.
Looking the other way, we see that the price is approaching the resistance zone from $1984 to $1995, and then must overcome the resistance at $2010 before further increases.
Looking at the CHOP indicator, we see that there is energy to continue the movement, the RSI indicator, despite the increase, has room for the price to go further, while the STOCH indicator has exceeded the upper limit, which may result in a correction in the coming hours.
BTC 1HInterval Short-TermHello everyone, I invite you to check the current situation on BTC in the USDT pair, taking into account the one-hour interval. First, we will use the blue lines to mark the local channel of the upward trend, in which the price tried to break out at the bottom, but quickly returned to the ongoing channel.
Going further, we will use the Fib Retracement tool, and here we can see that the price decline was maintained by a strong support zone from $34923 to $34090, but now that the price has quickly rebounded, we should keep in mind the support at $36096, where the price can currently resist.
Looking the other way, we will similarly check the current resistance points that BTC will have to face again in further increases. And here you can see that the first significant resistance should appear at the level of $36,777, and then the price will be able to move towards a strong resistance zone from the level of $37,326 to the level of $38,026.
When we turn on the EMA Cross 10 and 30 indicator, we can see that the red ema corss 10 line is approaching the intersection of the green ema cross 30 line from below, which will potentially confirm the return to the local uptrend.
Please pay attention to the CHOP index, which indicates that there is still some energy left for movement, the RSI indicator shows a dynamic increase with room for the price to go higher, but the STOCH index exceeded the upper limit, which may result in a local price recovery.
BTC/USDT 1HInterval reviewHello everyone, let's look at the BTC to USDT chart taking into account the timeframe of 1 hour. First, we will mark the local downtrend line under which the price is moving.
We will use the fib retracement tool to plot support and we see a support zone from $28996 to $28956, then there is a second zone from $28914 to $28854 and then strong support at $28779.
Now let's go from the resistance line, as you can see the first resistance is the zone from $29031 to $29108, if you manage to break it further we have the second zone from $29187 to $29296 and then strong resistance at $29438.
Looking at the CHOP indicator, we see that there is still energy for the current move, the RSI is at the lower limit, which in combination with the STOCH indicator on which we crossed the lower limit can give a local price increase..
ETH/USDT 1HInterval Review ChartHello everyone, I invite you to review the ETH chart on an hourly interval. First, we will mark with yellow lines a local triangle in which the price is at the upper limit for the third time. In this arrangement, we can see an exemplary price movement in which the fourth time we will see an upward exit from the triangle.
After unfolding the fib retracement tool, we can mark a strong support zone above which the price is currently holding, however, when we fall below this zone, we can see a drop around the next support at $ 1808.
Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price has to break through the support zone from $1844 to $1852 first, then it can move towards the resistance at $1864 and then continue to the resistance at $1879.
The CHOP index indicates that there is a lot of energy to be used, on the RSI we can see that a small increase in price gives a large increase on the indicator, which creates room for another decrease. The STOCH indicator is also approaching the upper limit, which may affect the trend reversal and the transition to a downward trend.
BTCUSDT 1H Chart ReviewHello everyone, I invite you to review the chart of BTC in pair USDT taking into account the time interval of one hour. First, we will use the blue lines to mark the local downtrend channel that btc lagged upwards, and entered the uptrend channel from which the exit was down. What's more, the exit from the first channel was close to the high of the channel, if the exit from the current channel behaves similarly, we can see a correction around $28,000.
Now we can move on to marking the places of support in the event of a correction. And here, in the first place, it is worth marking the support zone where the price is currently from $ 29,485 to $ 28,733, but when we fall below this zone, we can see a drop around the previously mentioned place of $ 27,996, and the next support is at $ 26,928.
Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. First, the price has to break the resistance at $30,644, then we have a second resistance at $31,487, and then a third very strong resistance at $32,344.
The CHOP index indicates that there is little energy for the next move, the RSI rebounded from the upper edge and there is still room for the price to go lower, but on the STOCH indicator we see that the energy is running out at the moment, which may give a temporary sideways trend.
AUDUSD reversal at 23.6% RetracementThe 4H retraced to the 23.6% fib and provided a hammer which is why I wasn't hesitant to sell, even beneath the trendline. Upon the 4H close and hammer. Price immediately progressed bullish to create a strong higher high, broken correction trendline, as well as ADX mixing in to provide confluence. Intraday the 1H timeframe is a clear opportunity to go long on this pair to at least its -27% target. or the 61.8 Major fib retracement. I believe that this pair is still in an overall downtrend until its creating daily higher highs and higher lows.
AUDUSD pivots suggest a short scalp`I believe that price is retracing bearish for its 4H higher low, in the meantime, intraday swings on a lower timeframe must correlate with becoming bearish. The 1H has already began creating lower lows and a lower high. I will monitor to see if price creates a higher high of gets rejected at a key neckline, resistance, trendline, and reversal area. There's a lot confluence in this area.
Currently price is relatively close to breaching the bearish correction, indecision is needed, along with volatility and indecision or a reversal at a key area.
Will shorting ETH today lead to a breakoutI am anticipating the top of this intraday indecision uptrend. The 4 hour has been creating weak candles throughout this bullish push to retest 38.2. or the bearish engulfing for the daily Lower high. Intraday on the 1hour chart price presented a shooting star at a retest of a prior shooting star. I placed my stop loss just above some prior highs in that area.
Part 1 of catching a reversal is to trust structureI noticed that Ethereum was re-testing the neckline of an inverted head and shoulders pattern while at the bottom of a range and on top of support. Price provided an indecision candle on top of support as well as 61.8 fib. I anticipate that price will push back higher to retest a prz level. we have to get there first. It could begin with this purchase at a higher low.
Buying Ethereum at a Low is a good ideaThe Daily did not confirm its Bearish Engulfing from the 38.2 retracement level. Which tells me that a potential reversal is underway. Especially after a daily hammer and intraday the 1H HAS CONVERTED AN INVERTED HEAD AND SHOULDERS. This is important to our bias change from overall bearish to short term bullish. The 4H hour is in line with this move by the fact that it broke a minor swing high. or a lower high. This buy set-up can be clearly seen on the 30min as well as the 1hour timeframe.
Gold creating its 3rd higher high after a steep declineI believe it's time to counter trend trade this pair. I plan on counter trend trading this pullback(retracement) of a daily lower low. TDI was too bearish on the 4hour chart from me to take a long position on Friday but now, all signs are clear for a buy upon a reversal signal at re-test. The swing high is around 1983.27 the swing low is around 1958.15. the neckline for the double bottom is the weekly support. I've already remarked up my chart for the 4hour supports and resistances. I intend to trade as relatively close to naked as possible since the candles speak for themselves as loud as the fundamentals. We're up all night to get lucky as we become more patient with this setup we'll learn that it's the simple fundamentals and basic levels of structure that determine our bias for direction we must be attentive and prepared to switch immediately upon a retest of structure.
Additional Long positions can be added to USDJPYI'm currently long USDJPY at 134.737 and 134.892. My target is 138.700. I'm looking for any opportunities to scale in additional entries to capitalize on this massive move. There is excellent 4H bullish sentiment as TDI suggests that price is still overall bullish. The Daily is pushing for structural higher highs. The 1 hour timeframe is clearly in an uptrend and there's some confluence of a pullback after the 1H presented an evening star at its most recent high. I anticipate a retracement near the 136.160 area, 4H support (re-test) or potentially the back of a trendline. Intraday setup but the volatility is present for a bullish push.
A reversal candlestick on top of support and in a confluence area will trigger another buy.