Broke up on strong volume on 11 Feb then retraced and retested this "resistence turned support" 2 days ago. Appears to hold which provided a second chance to stake at low risk for those who missed the boat on the initial breakup. Keep a tight initial stop loss of about $2 below the support at $50. Disclaimer: TA is about improving our odds of a successful trade...
After consolidating for the past 4 months, it is look closer to the breakup soon, hopefully with solid volme to carry it towards 68-70 eventually. Whether it can reach there remains to be seen. Scale out along the way and manage the rest of the position with trailing stops Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This...
The price got a rejection from the M's neckline as I told on the previous analysis exactly on 2830$. On the daily timeframe, the price is still inside a descending channel above an important support 2400$. The market printed a double top on 3250$. On the lower timeframe, the price is testing the 0.618 Fibonacci level as new support after the breakout from the...
The market had a breakout from the weekly support of 10$ and daily support as well on 9%. The price is testing the dynamic support as new resistance. On the 4h Timeframe, we can see that the price is testing the support on 8.3$ after a new rejection from the 9.5$ area. How to approach? We need to monitor the price of Bitcoin as well. IF the price is going to have...
Bitcoin:- After break down already entered in bearish zone in LTF Support: $37400/$36500/$34600 resistance: $40000/$42800 Bullish above $40000 Bearish below : $34600
A breakout on the cup and handle. During a time like this where the Russian invasion is extremely early compared to other invasions, gold could be more of a valued asset. This cup and handle along with strong possibilities of more conflict, we may see way more upside into the near and long term future
Here is a breakout on the cup and handle. During a time like this where Russian invasion is extremely early compared to other invasions. Gold will be more of a valued asset. This cup and handle along with strong possibilities of more conflict, we should see way more upside into the near and long term future
after breaking trend line down and finishing pullback to dynamic zone we can set short position be careful about stop price
The price is creating a descending channel on the daily resistance after a bounce on the 0.5 Fibonacci level on the Monthly chart. The price got rejections from the 3k resistance, it's a key level. On the 4h timeframe the price is testing the resistance on 2700$ and the market got rejections from that are. How to approach? For a bullish scenario, I'd like to...
Bitcoin is trading at a tight range right below the current resistance levels. This is a bullish sign because it shows that the buyers are willing to step in closer to resistance. With that being said, I can see a breakout soon to the upside but in case it goes the opposite direction you can see the next support shown on the chart. Don't trade with what you're...
My bias on this pair is contrary to the expectation of the majority as I continue to see a strong bullish move in the nearest future! Since my last publication on this pair, price did a correction into the bearish trendline (that was broken on 7th of Jan & 2nd Feb 2022) with a strong indication that the bullish momentum is about to begin hence my previous bias...
Multiple rejections at the Fr1.0300 level after a year-long of bearish momentum appears to be a sign that we might be on the verge of a reversal that might lead into a corrective phase of the bearish leading price action that began in March 2021. Tendency: Uptrend (Bullish) Structure: Supply & Demand | Reversal pattern (Triple bottom/Breakout) ...
It has been a choppy situation for EURJPY since mid last year as the price keeps juxtaposing between JY128 and 132.5 zones to emphasize the indecision in this market. With a very simple set-up floating on my screen right now on the 4H time frame, my expectation going into the new week remains bullish considering the rejection of the JY128 level which has a strong...
Volume decreasing, resistance above along with 20sma on 4hr, SRSI high. Might need to do some cooling off time, we could see a retest of the bottom or just some sideways action until it gets ready to go more up. Break from this channel could bring us nice gains... Set alarm for this one traders Good luck and hit like if you like it! Thanks
You can see that BTC has beautifully broke up. However if we look at the total crypto market there was no breakout. This could indicate that there is further downside or that the real test will be after BTC's breakout of the descending broadening wedge if we look at current price action of BTC If BTC breaks 39k it will go and test the highs of 43-46k....
whenever a professional see something like this he/she must consider this that we are stuck in a price range and the long term context is bearish therefore probability is higher for bearish but also bulls have strength (trading range). it can be the end of the trend or continued the bearish my own idea is that the trend is about to change but not that fast 🔥 . I...
DREPUSDT price was consolidated before the drop but due to market uncertainty took a dip further. Let's see how the bulls react this time.