RUN AWYRUN AWY GAP UP TRADING
CUP WITH HANDEL PATTER BREAKOUT
Voice BUILDING FROM the Last Three Sessions
21SMA 277
50SMA 268
200SMA 229
Ascending Channel
🇪🇺 EURUSD 🇺🇸 - Support retest before the newsEURUSD is testing trend support. A false breakdown is being formed. It would be logical to buy against the uptrend support. But today CPI is published. The data may overshadow buyers, as inflation is still a problem. Analysts expect the CPI to rise, which may have a negative impact on the euro
Growth with further support retest is possible:
1) False break of channel support
2) Fundamentally the situation is changing
3) Bears came to the market
4) The dollar may strengthen on the news
5) Euro may fall from key resistance
HBAR: $0.1 SOOON ! Get ready for Breakout🌐 Hello Crypto Enthusiasts,
Exciting developments are underway on the HBAR chart, and it's time for a closer look! HBAR has recently undergone a double retest of a crucial trendline that has been shaping its trajectory since 2020. The market is now in a consolidation phase, presenting an imminent opportunity for a breakout. Let's dive into the details of this chart setup. 📊🚀
Analyzing HBAR Chart: Setting the Stage for a Breakout
Double Retest of Long-Term Trendline:
Historical Significance: The trendline in question carries historical significance, originating from as far back as 2020.
Double Touch: HBAR has recently achieved a noteworthy feat by retesting this trendline not once but twice, emphasizing its relevance.
Range Trading Dynamics:
Consolidation Phase: The current price action indicates that HBAR is in a consolidation or range-trading phase.
Trendline as a Pivot: The lower trendline is acting as a pivotal support, putting pressure on the price and setting the stage for potential upward momentum.
Anticipating the Breakout:
Technical Indicators: The double retest and consolidation suggest an imminent breakout scenario.
Volatility Awareness: Traders should be prepared for increased volatility as HBAR approaches a decisive point in its price action.
Trading Strategy Considerations:
Breakout Confirmation:
Upper Resistance Break: A confirmed breakout above the upper resistance of the range would signal a bullish continuation.
Volume Confirmation: Verify the breakout with increased trading volume for added confirmation.
Risk Management:
Protecting Capital: Traders are advised to implement robust risk management strategies, considering potential volatility.
Stop-Loss Placement: Determine strategic stop-loss levels based on risk tolerance and technical analysis.
Price Target:
Initial Target: The first price target following a successful breakout could be set at 0.1, considering the historical context and technical analysis.
Conclusion:
As HBAR hovers on the cusp of a potential breakout, traders and investors alike should monitor the situation closely. The double retest of the long-term trendline and the current range trading dynamics make HBAR a coin to watch for potential price acceleration.
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ETHUSDTETHUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is very healthy retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH.
What you guys think of this idea?
🇳🇿 NZDUSD 🇺🇸 - Three tops give a false breakdown of the chanNZDUSD bumps into a strong resistance, where the third retest of the local maximum does not lead to a result and a reversal pattern is formed on the market, which goes to the stage of realization.
False break of the channel resistance opens the way to the trend support.
The beginning of correction ↓:
1) Triple top
2) False break of channel resistance
3) End of the fifth wave
6) Weak fundamental component
DESO on the move?In our previous idea on DESO we showed that there was a bullish wedge pattern forming.
That pattern broke out to the upside yesterday however the trading today has negated almost the entire move up.
This has lead to the potential formation of rising channel on this coin. Marketcap for DESO has gone from $100M (at the time of previous idea) to $120M which shows 20% growth however in crypto markets in general and for this kind of project in particular, this move shows that there is a lot of room for growth and we have only seen fraction of it.
We still expect this to be a MUN:10B blockchain at the peak of bull market, i.e., 100x growth but we will have to wait an see how it pans out.
Note: This is not financial advise and should only be used for educational or entertainment purpose.
EURUSD → Bullish NFP figures for USD may drop EURFX:EURUSD is declining and testing the local minimum on the background of strengthening of the dollar. The price is retesting MA-200 , which only increases the chances of further decline.
Today, at 13:30 GMT we will meet the NFP data, to which the market reacts quite strongly. In general, analysts expect an improvement for the dollar, as 180K is expected relative to the previous 150K . After the publication of yesterday's Initial Jobless Claims, the reality is closer that the market could see NFP 180K , if not more, as the overall market situation is improving and the fundamentals support this.
EURUSD may react with a fall to the possible strengthening of the dollar, but before the fall the price may test a local high, for example 1.08170. Overall, the chart clearly shows the approximate potential. A false breakdown of resistance of the ascending channel opens the possibility to see a sell-off towards trend support.
Support levels: 1.0760
Resistance levels: 1.0800, 1.08170, channel resistance
In general, bullish news is expected for the US market, which may weaken the euro and the currency pair may fall. But this is news and no one knows in advance what can happen, we only try to see the scenario with a higher chance of realization
FX:EURUSD TVC:EXY TVC:DXY
Regards R. Linda!
ENSUSDTENSUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is very healthy retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH.
What you guys think of this idea?
Current Weekly Chart Channel on BTCUSDWe can see the bottom trendline has held support thus far and the red double bottom neckline is holding wick support. Definitely key trendlines to watch in the near future. I could see it retesting the red neckline once the weekly 50ma(in orange) comes up to overlap it for double reinforced support. *not financial advice*
NEAR/USDT ↘️ Short Trade Setup ↘️Hello Everyone 🙋🏽♂️
Ascending channel + rsi overbought
🟠 EP 2.263
🔴 SL 2.445
🟢 TP1 2.065 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️
🟢 TP2 1.896 ⚠️ ( Close 33% of the trade )⚠️
🟢 TP3 1.717 🔥 ( Final result)🔥
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
Don't forget to hit the like bottom and write a comment to support us.
Follow us for more 🙋🏻♂️
Best Regard / EMA Trading .
Disclaimer:
----------------
It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
BTCUSD → Pre-breakdown consolidation near resistance COINBASE:BTCUSD looks confident enough to continue its growth. The fundamental background and market expectations continue to support high interest in the flagship of the crypto market.
Bitcoin practically does not react to the news related to the Binance case, the local decline was quickly bought out and the market performs another retest of resistance, while one of the largest crypto exchanges withdraws huge money.
Bitcoin on the global chart has entered a new bullish range, the support of which is the area of 34000-36000, the target of range trading is the area of 42000-44300, then the maximum of 48234 plays a psychological role, because behind this area there is a huge pool of bearish liquidity.
In terms of technical analysis we see the formation of ascending triangle on the background of global bullish trend. The pattern is formed at the resistance of the ascending channel. Consolidation is gaining potential for the formation of the movement, if the fundamental background remains as strong in the near future, the market will try to realize the potential of the ascending triangle.
A breakout of the resistance area will bring prices to a new level and in this case it will only accelerate the growth of bitcoin value.
The breakout of the resistance of the ascending channel in the area of: 37600 - 38000 - 38500 will form the potential for growth towards 40600 and 44350.
Reasons why we expect growth to continue:
- Strong bullish trend
- Strong fundamental background
- There is no proper reaction to the retest and false breakdown of resistance, the price does not fall, but forms a local correction, within which it cannot even update the local minimum.
- Consiliation is formed and the price is pressed to the resistance.
Support levels: 35700, 35000, 34500
Resistance levels: 37500, 38000
In the future, I expect the continuation of growth and a breakthrough of resistance on the next retest. Targets are indicated on the chart
CRYPTOCAP:TOTAL CME:BTC1! CRYPTOCAP:BNB
Regards R. Linda!
Testing broken support - Triple topThe pair is testing the broken support now resistance. I expect a rejection soon, it also has another resistance above: the bottom of the channel. It may try to test it. My SL triggers if the pair break up the horizontal resistance and a daily candles closes above it.
EURUSD → A retest of support will show further potential FX:EURUSD is forming a correction phase, within which it aims to test the support of the forming range. There are key nuances that suggest a further bullish trend, but there are also those that hint at a possible medium-term decline.
The market is laying further TVC:DXY weakness amid interest rate cuts from the Fed.
EURUSD is currently in correction on the background of bullish trend. Key support area: 1.0840-1.0830. The market is likely to test this area in the format of a false breakdown, as there is a strong support zone in this area. Consolidation above this area will give a potential for buying. It is also worth paying attention to the fact that below the support is MA-200, which can also favorably affect the market recovery.
But, on D1 the market is not reacting to the previously formed false support breakout. If the price continues to form a squeeze to the support at 1.0844 - 1.0830, we should expect a breakout attempt with a phase of further decline to 1.08 - 1.07.
Support levels: 1.0844, 1.0830, 1.0777
Resistance levels: 1.08875, 1.0965
A retest of the support area will show further potential. False breakout will give the opportunity to buy, and the breakout and consolidation of the price below the area will return the price to the channel.
Regards R. Linda!
GBP🇬🇧🇺🇸USD - Start of correction from the double top Suggested decline ↓:
The currency pair is forming an ascending channel and a double top
The retest does not help the breakout.
1) Double top, buyer weakness
2) Resistance retest did not reach the high, strong zone
3) Correction after resistance retest
4) Zone of interest at the moment below 1.2603
🚧Bitcoin is Bullish now🚧 & many Traders don't see it 👀!!!Bitcoin is in the channel as well as the Crab pattern. Also Broken the Ascending Triangle which could very well push the price up, the price will easily reach 40k.
🟡Summery:
The price is in the ascending channel.
Broken the ascending triangle.
in the Crab Pattern.
Price in the PRZ zone.
EXRet 1.618= 3940$
previous Analysis:
🤑Stay awesome my friend.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
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NZDCHFNZDCHF is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is very healthy retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH.
What you guys think of this idea
GOLD → Consolidation before the news. What could happen? OANDA:XAUUSD continues to consolidate in the 2050 - 2035 range. Powell speaks again today, earlier the US market got a higher GDP and good Initial Jobless Claims data, how will this affect his speech and how might gold react?
The TVC:DXY is testing local levels, ahead of ISM Manufacturing PMI & Prices and also at 16:00 and 19:00 GMT Powell will speak. US inflation is declining and there are indicators for that, but the dollar is strengthening, which provokes gold to form a consolidation.
We are now confused by the death cross on D1, but again, since the gold is in a global sideways range, maybe we should not pay so much attention to this signal.
At the moment gold is testing the level of 2048.77 with a false breakdown.
On H1 we see strong consolidation, range boundary tests and false breakdowns. The market will wait for the news and most likely there will be no strong movements before that. The price is gaining liquidity before Powell's speech.
An actual rate cut is out of the question now, we will only need to hear positive sentiment or hints. If Powell hints more strongly about an imminent change of monetary policy to a more loyal one, the dollar index will resume its bearish trend and gold will head towards the upper global boundary of 2059 - 2067.
But, as a force majeure, negative news for gold, the realization of a false breakout and death cross, the price could quite possibly test both trend support, 2022, and the far liquidity zone 2010 - 2020, but it will not change the medium-term and long-term outlook for now. The market could test the global high by the end of the year (perhaps even soon).
Support levels: 2038, 2035, 2022
Resistance levels: 2049, 2059
I am waiting for the publication of news, which will determine the short and medium term scenario for gold. The probability that the price will update the high increases as the Fed's sentiment improves.
Regards R. Linda!
GBPJPY → The bullish trend will continue, but... FX:GBPJPY is forming a set-up within the ascending channel, which predicts the continuation of the trend, but for this the price needs to overcome the resistance at 188.28.
On D1 we can see that fundamentally and technically the national currency of Great Britain looks much stronger than the Japanese currency, although Tokyo has been trying hard to strengthen the currency lately, which technically works, but only against the background of the weakening of the dollar index.
From the point of view of technical analysis, the price is pushing away from the support of the ascending channel and continues to forge the ascending triangle, a false breakdown of the resistance was formed earlier, but there is no fall, which could change the trend. The price is returning to the resistance, which only confirms the target level: 188.28. A break of this resistance will continue to form an impulse, which will only continue the trend. The moving averages are supporting the trend.
Support levels: 186.8, 0.236 fibo, 0.382 fibo
Resistance levels: 187.13, 187.55 188.28
The market outlook is bullish, at least for the moment. There are no prerequisites for a possible breakout of support, so we stick to the realization of the bullish scenario.
Regards R. Linda!
GOLD → Price in range, correction may go lower OANDA:XAUUSD is forming another range of 2050 - 2038. Retest of resistance failed to renew the maximum, thus the market may begin to form a correction to support.
The TVC:DXY has been strengthening since yesterday on the back of positive US GDP data. The expectation was 4.9, the actual data: 5.2, which is positive for the dollar.
But the controversial situation here is that a more positive GDP has a greater impact not on the pricing of the dollar, but on the Fed's stance. Hence, with bullish data, Powell is getting closer to initiating policy easing and rate cuts.
Since gold is in a range and already testing the support at 2038, it seems that the correction phase can be stopped either at this level or test areas lower, for example: 0.382 fibo, 2035, 0.5 fibo or global trend support.
A strong rally ends with a correction and it is hard to say where this correction will stop.
Support levels: 2037.7, 2035, 2030, 2022
Resistance levels: 2050, 2052, 2059
There are important news today, it is worth paying attention to the Initial Jobless Claims, even relatively good news for the dollar (related to inflation) can weaken its price, as the market is waiting for news related to monetary policy.
Regards R. Linda!
TONUSDTTONUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is very healthy retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH.
What you guys think of this idea?
TON → Strong fundamentals open up bullish potential OKX:TONUSDT has been demonstrating excellent fundamental data lately. The market is forming accumulation of bullish potential, which may soon move to the realization phase.
The price is trading under the global descending resistance line. The market continues to form an ascending price channel. It is worth paying attention to the ascending triangle and false resistance breakout. The market does not allow a fall after the false breakout. What is not natural for the standard situation is that after the false breakout, the price forms a small pullback and returns to the 2.520 resistance for a retest.
Clearly, Toncoin is now under the watch of a major buyer. The consolidation may soon move into a distribution phase, provided that the resistance is broken and the price consolidates above the red downtrend line. Moving averages are supporting the market.
Resistance levels: 2.500, 2.600
Support levels: 2.329, 2.228
Bulls can keep the price below the support levels. A retest to resistance will increase the chances of its breakout, which is what I am waiting for. A break of 2.500-2.600 will form a bullish impulse.
Regards R. Linda!
EURUSD : FOREX Edu for DayTraders 📉Hi Traders, Investors and Speculators of Charts📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year 🏫
For the biggest part, I prefer to trade reactive rather than predictive. Chart patterns really come in handy with this strategy. Here are my top easy to spot chart patterns, specifically focused on bullish chart patterns today. The green highlight dots are to help identify the margins of the pattern and the purple highlighted dot is where entry can be taken. Please enjoy this free educational gold nugget !
Are you also trading crypto? Check out this altcoin idea with bullish upside potential :
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USDJPY → JPY strengthening. What is the importance of 149.7?FX:USDJPY is testing resistance ( old support ) on the background of correction and trend change and is apparently preparing for further decline, following the TVC:DXY , which is also weakening on the background of fundamental policy.
On D1 we see the global high renewal, but against the background of the dollar index weakening after a long strengthening and the introduction of measures to combat the weak Yen, the Japanese authorities get a small, but the result - the national currency rate strengthens for almost 10 days in a row.
From the point of view of technical analysis: on D1 a double top is formed and the extreme bullish maneuver ends in the zone of 151.72, after which the market enters the correction phase. On the background of retest (bounce), the price is testing one of the strong levels: 149.7. The market feels a strong limit zone at 0.5 Fibo, which it cannot break through and opens the session of the new trading week with a slight decline. Further decline may continue either from 0.5 fibo (rebound) or at the breakout of 0.382 fibo. The market is bearish, as evidenced by the crossover of moving averages.
Resistance levels: 0.5 fibo, 149.7, 150.0.
Support levels: 0.382 fibo, 148.8.
I expect further decline. It can happen either on a bounce from 0.5 fibo (149.7) or on a breakout and price consolidation below 0.382 fibo. Further targets: 148, 147, 146.
Regards R. Linda!
