ETCUSD Is Moving Into A Support AreaETCUSD can be ready for more upside as market can be forming a new bullish setup formation based on Elliott wave theory.
Ethereum Classic with ticker ETCUSD made an impulsive five-wave recovery since December 19th of 2022, when we spotted a completed ending diagonal/wedge pattern within wave C of an A-B-C correction. A five-wave recovery indicates a change in the trend from Elliott wave perspective, so be aware of more upside in March.
We can see that price is currently nicely slowing down, making a three-wave (A)-(B)-(C) correction for wave 2 after we noticed a five-wave rally into wave 1 from the previous lows. So, keep an eye on strong support here around 19-17 area, from where we expect a bullish continuation above 25.10 while price is above 14.80 low. So as long this level is not breached we expect a new turn up.
I hope to see you in webinar today here on tradingview. Link can be find below.
Bullishsetup
Descending Triangle + Bullish Divergence = ConfluenceHi All,
On the 4hr chart we see a CMF bullish divergence which could be an indication that Aragon is preparing to break out from it's descending triangle and head back up to retest the previous highs.
There's a good Risk Reward ratio even with a conservative stop loss, I'd usually have this tighter but we're seeing big volatility at the moment.
Feel free to leave feedback on the idea
Blockbullder.
THE BULLS ARE BACK!! 2K PUSHIf we Look left we can see previous price action creating Lower highs and lower lows, but with most recent buyers/bulls entering the market at 1180 which ignited this bull run price is on now. We broke the downward trend that I believe was the retracement from Ethereums ATH. Most recent price broke above a key level @ 1675 (Daily & 4h confluence of this area), Price found new support at this level and failed to break back below this area. With that newly found support I believe that will give price the push it needs to make new Higher Highs and move up past the 1780 area. My overall Target area is 1985-2k. I made a little under 10k on the first push from 1180 to my TP @ 1490.
AUD/JPY: bullish setup to $95.40 JPYIn this analysis, I see a potential long position in AUD. What I believe that based in the fundamental news, Japan has some bad news that I will share you more later what I read. But I iwll focus on technical analysis here:
In Daily timeframe, we see a AUD so bullish that could to continue in this way to my forecast, what break out this bearish trend line and RSI in Daily look strenght that may have demand in AUD.
in H4 timeframe, AUD/JPY forming a bullish channel, what based in price action, look bullish and I'm very focus in this analysis here. And also, in H1 timeframe look bullish. We see an ABCD pattern formed and we could to see a potential upside. Also to know, in H4 timeframe the price it's resting the EMA 200 like support and watching the grey zone over the EMA 200 work as support too combining those analysis.
Now, I'm bearish in JPY as there're some bad news in the Bank of Japan that you must to read, but more later I will share that. And in some hours, we have our big event about Reserve Bank of Ausralia Interest Rate Decision what I hope that become bullish
That it's all!!! I enter in $91.27 JPY. Stop Loss in $90.04 JPY and take profit to $95.40 JPY
Good luck
ES expansion timeES traded inside the Daily BISI and left it now to the upside. There is Buyside above the 3 highs on h4 chart and the VIB is above at 4221. The current week did not much of expansion so it should start moving soon. It traded below the Weekly open gap and it was "resistance". With Fed speech It traded both sides and it is now above. I expect it to get support there and I want to hunt for longs to the 4221 VIB.
EUR/CAD: pull back with hopes by technical analysisEuro/Canadian Dollar may to forming a possible bullish setup that we can to benefit for this short movement in long position. At the moment, there're some signal like RSI that form a bullish divergence forming a lower high, but there're not any signal in price action to entry in against the movement bearish when lead to bullish movement. For the moment, I will hope the confirmation of bullish pattern there. By the contrary, will be that EUR/CAD lead to $1.4410 CAD depending the type of price action we see, it's important to study it the behaviour. As 1.4410 work like resistance to short.
Now, in H4 timeframe I'm looking a long position based the points that I have mark there.
So guys, I hope that this analysis support you!!!
BCH/USD: Long position to $146 USDBitcoin Cash look in the interesting scenario that it's ending this pattern ABC with their measure using Fibonacci for harmonic. What we hope that BCH continue up in this week toward $146 USD
I will put a buy order now in the market price, Stop Loss in $128 USD and take profit to $146. This it's a risk/benefit1:2
Good luck guys!!!
CAD/CHF: Incoming break out inminentI follow this par to long position. As I trade in the direction based in the strong key in market structure.
We're in some minutes to closed up the candlestick in H4 timeframe, what if this will bring us a bullish signal, this will be a good signal to buy.
Now, to be quickly, I see that we identify a smart point in the yellow zone that I draw in H4 timeframe very well, that mean a bullish signal, as this trade I was in long and hit my SL in $0.6880 CHF in my first trade, I re=entry in this second trade as i still in bullish. The only thing it's work a little more the precision in the entries as first I enter in the first big candlestick in H1 timeframe to long, but hours later, drop a little and hit my Stop Loss. what this form a bullish channel flag in H1 timeframe. So guys, we're still in long and there's an opportunity to entry early in long position
So, we hope that CAD going to our trajectory in my analysis. Take profit update to $0.6968 CHF. And SL in $0.6859 CHF.
Good luck!!!
Good luck,
CAD/CHF: Pending for next opportunitiesCanadian Dollar look in the possible neutral market that we can't to trade, but I believe that there're a lot bullish sentiment that the trend want to continue up. But, I'm take care what I see, because we could to see that CAD/CHF down a little to $0.6902 CHF, and then, in that yellow zone it's a smart point that we can to buy, another possibility it's that CAD/CHF weak in the resistance in $0.6912 CHF in this border and start a bearish trend, that we need to take time to definy where CAD go. But I'm preparing my trade plan in both scenario. So, price action it's very indispensable to take as knowledge. So, I will pending and keep away of this trade until definy one of this model that I show you.
Keep update here!!!
GBP/CAD: entry in the 0.618% fibo to bullish setupWe see a nice opportunity to long GBP/CAD to the bullish setup that I have in my hand. First, GBP/CAD still bullish.
In H4 timeframe, GBP/CAD still in the descending trend that became bullish from January, 8, 2023. What this mean a great opportunity to entry to long in USD/CAD from this month.
Now, in H1 timeframe we see that GBP/CAD made a price in the 0.618% fibonacci level, indicating the best zone to buy. The EMA 200 could indicating support later of this fake break out.
For the moment, I decide to put a buy order limit in $1.6524 CAD, Stop Loss in $1.6474 CAD and take profit to $1.6665 CAD.
I hope that this classic analysis support you
Good luck!!!
ETH/USD: bullish setup in Ethereum priceEthereum look interesting in this point to invest to long position or make crypto-trading in H4 timeframe. For if you like to trade day trading, I use a lot H4 and H8 timeframe to trade this kind of market. I don't like to trade H1 timeframe cryptocurrencies as such assets are volatile and sometimes make extreme volatile.
But we have that price it's look bullish in H1 timeframe. That we can to use to track the market and know the situation what happen in this timeframe and how professional crypto trader use it to trade in the smart point.
In H4 we see that following the correlation with H1 timeframe, it's bullish, what we can to put a buy order limit between $1,597 USD to $1,601. We would to fix our Stop Loss in $1,534 USD and take profit to $1,780 USD on those point. But now, I suggested to put a buy order limit in $1,601 USD in this point.
Now, checking our Daily timeframe, we see that Ethereum look bullish in this side that we can to get this opportunity to long. That's a bullish market structure there.
If you like this analysis, I invite you to follow me and learn how to make trading in cryptocurrencies if you're like me that trade by Day Trading.
Good luck!!!
MANA/USD: bullish setup toward $0.94 MANA look very interesting to long this cryptocurrency. I decide to make an analysis to trade altcoins. As this it's one of the crypto example to long. I will put a buy order limit in $0.69 cents, Stop Loss fix in $0.6161 USD and take profit to $0.94 cents.
So guys, we hope that Daily candlestick closed up with a bullish signal in the price action to take best decision to long. If we see a bullish signal in the closed up of this Daily candlestick, we can to think that MANA it's going to strength the trend.
I hope that this analysis support you!!!
Good luck!!!
EUR/GBP: bullish signal to take in the smart resistance In this analysis, I decide to long EUR/GBP for now.
As first, I will share you some point of my technical analysis perspective to analyze better in this study.
First, I was analyzing in H4 timeframe that EUR/GPB look bullish and we could to forming a market trap and find up the key resistance in £0.8833 GBP. and maybe, this will be the smart point to sell in this point, buy now and then sell in the smart point where institutional could to lead the price and trying to cheat us. But if you see in H1 timeframe, we see as first signal that price action speak us to buy EUR/GBP. and RSI (my prefered indicator) show us that there're a strength that bulls could to reverse the price. And also, in H1 timeframe there're a possible formation of Shoulder Head Shoulder, in case that EUR/GBP don't break out the £0.8384 orthis gray zone, we could to continue drop then. But I believe that Euro will be bullish now.
And also, in Daily timeframe to recall, we see like a bullish hammer, what this mean a reversion of the trend in this zone, as the market structure still bearish that more later as I said, we can to short in the smar point.
For tomorrow we have an important event of the European Central Bank meeting what President lagarde will speak.
If you decide to trade long EUR/GBP. i buy right now in the market price around £0.8764 GBP, Stop Loss in £0.8727 (36 pips) GBP and take profit toward £0.8833 (70 pips)GBP. This will be a risk/benefit 1:2
Good luck!!!
USD/CAD: bearish perspective in USDin this analysis, we see a potential short position. It's doesn't unlike to happen a long position from the support in $1.3356 CAD to $1.3484 CAD. But I will be pending if in $1.3356 CAD will form a bullish signal by price action to take in note. But we see that USD/CAD in H1 timeframe it's ready to down, but I will pending also this support in $1.3356 CAD if trying to break out, but the perspective still bearish in USD. The resistance in $1.3443 CAD could be a great point to entry in short. As this par look bearish.
But right now, I will not to trade USD/CAD if we see that make resistance in $1.3443 CAD, we can to short there. And always using price action analysis.
Now, on this Wednesday, we have U.S. Retail Sales what we hope that become bearish in this news pauted to 9:30 am (U.S. Eastern Time).
So guys, we hope that this idea support you to take this trade sure!!! Just wait the perspective of my model
CAD/CHF: Long position by pull backIn this analysis ,we analyze Canadian Dollar/Swiss Franc and I see a potential long position that we can to get this long in CAD/CHF.
This it's our H4 analysis, and it's mean that made a pull back in H4 timeframe confirmed by this 2 bullish candlestick signal, a doji and a bullish hammer inverted. Both are bullish.
I buy right now, Stop loss in $0.6883 CHF and take profit in $0.6990 CHF
Good luck
***Tomorrow we have Canada Core CPI, that mean indicator of purchase consumer and it's used to measure inflation rate what are the sentiment of Canadian consumer into this economy.