Get started

Chartpattren

USDCAD Bullish Gartley Pattern Near Strong DemandAnalysis of #USDCAD Today we have a potential long opportunity on USDCAD. I have spotted a bullish harmonic Gartley pattern completed near a strong demand zone. To enter this setup, we can enter now at D leg completion or we can wait for a confirmation of the pattern near the demand zone. The target will be the normal FIB 38 level or the next level of resistance Don't forget to manage your risk properly and adjust your position size accordingly. If you find this analysis helpful, please hit the like button and leave a comment with your thoughts. Happy trading! 📈💰
by TheTradersAvenue
31
GBPUSD > The Best Place to Enter a Short Trade!Welcome traders! GBPUSD is currently trading near a key market level of 1.2400. This is an important level as the market has previously fallen more than 600 pips from this level. It is important to note that this pair has been in a strong uptrend, and now we are near strong resistance, it might be wise to consider a possible sell trade. It is possible that the current market level may provide a good opportunity for traders to enter the market with a sell trade. However, traders should take into account all factors such as the overall market trend, support and resistance levels, and any news releases before entering a trade. we can look for confirmation at this level such as bearish candle formation, double top, or even harmonic pattern I hope this analysis helped you in your trading journey. Please follow, like, and comment if you found this analysis helpful. 🤝
by TheTradersAvenue
18
Bitcoin's Key Prices and Possible Scenarios: Bulls vs BearsBitcoin's price is currently sitting at $28400, with a positive change of 1.16% over the past 24 hours. This is a relatively stable position for Bitcoin, but there are a few things we need to take into consideration. Firstly, the Relative Strength Index (RSI) is hovering around 49.88, which means that Bitcoin is neither oversold nor overbought. This indicates that there's not much market enthusiasm for buying or selling Bitcoin at the moment. When we look at the Fibonacci retracement levels for the 4-hour timeframe, we can see that the 0 Fibonacci level is at 28819, the 0.5 Fibonacci level is at 28164, and the 1 Fibonacci level is at 27510. These levels can act as potential support or resistance for Bitcoin's price, but we'll have to see how the market behaves to know for sure. The Bollinger Bands for the 4-hour timeframe show that the upper band is at 28629, the lower band is at 28315, and the middle band is at 28472. These bands help us identify potential breakouts or reversals in price movements. The volume oscillator is currently at -23%, which indicates that there's been a decrease in trading volume for Bitcoin recently. However, the On-Balance-Volume (OBV) is at 1.204M, which shows that there's still more buying pressure than selling pressure for Bitcoin at the moment. Moving on to some technical indicators, the Moving Average Convergence Divergence (MACD) is at 34, which is a positive sign for traders who use this indicator to identify trend changes. The Stochastic oscillator is currently at 13, which is considered to be in oversold territory. This could indicate a potential reversal in the price of Bitcoin. Finally, we have the Hourly Exponential Moving Average (EMA) 50, which is currently at 28321. This can act as another potential support or resistance level for Bitcoin's price. All in all, Bitcoin seems to be in a relatively stable position right now, but there are some signs that things could be shifting. It's important to keep an eye on all of these indicators and consider them together before making any trading decisions. Local Support: The 4-hour timeframe 0.5 Fibonacci level at 28164 could act as a local support level for Bitcoin's price. This level has been tested a few times in the past, and if Bitcoin's price were to drop below this level, it could indicate a shift toward a more bearish trend. Solid Support: The 4-hour timeframe 1 Fibonacci level at 27510 is a solid support level for Bitcoin's price. If Bitcoin were to drop below this level, it could indicate a significant shift towards a more bearish trend and potentially signal a longer-term downtrend. Local Resistance: The 4-hour timeframe upper Bollinger band at 28629 could act as a local resistance level for Bitcoin's price. This level has been tested a few times in the past, and if Bitcoin's price were to break above this level, it could indicate a shift toward a more bullish trend. Solid Resistance: The 4-hour timeframe 0 Fibonacci level at 28819 is a solid resistance level for Bitcoin's price. If Bitcoin were to break above this level, it could indicate a significant shift towards a more bullish trend and potentially signal a longer-term uptrend. Bearish scenario: If Bitcoin's price were to break below the 4-hour timeframe 0.5 Fibonacci level at 28164, it could indicate a bearish trend. If this level doesn't hold as support, Bitcoin could continue to drop towards the 4-hour timeframe 1 Fibonacci level at 27510. If Bitcoin were to break below this level, it could signal a more significant shift towards a bearish trend, potentially leading to a longer-term downtrend. In this scenario, traders may look to short Bitcoin and set stop-loss orders above the 4-hour timeframe 0.5 Fibonacci level. Bullish scenario: If Bitcoin's price were to break above the 4-hour timeframe upper Bollinger band at 28629, it could indicate a bullish trend. If this level holds as support, Bitcoin could continue to rise towards the 4-hour timeframe 0 Fibonacci level at 28819, which is a solid resistance level. If Bitcoin were to break above this level, it could signal a significant shift towards a bullish trend, potentially leading to a longer-term uptrend. In this scenario, traders may look to buy Bitcoin and set stop-loss orders below the 4-hour timeframe upper Bollinger band.
by MonoCoinSignal
38
ETH Poised for Potential Surge!Ethereum (ETH) is currently trading at $1800 with a slight decline of 0.76% in the past 24 hours. The Relative Strength Index (RSI) is at 57, indicating that the asset is neither oversold nor overbought. The Fibonacci retracement levels for the 4-hour timeframe are 1686 (0 level), 1743 (0.5 level), 1800 (1 level), and 1871 (1.618 level). The upper and lower Bollinger bands are at 1840 and 1693 respectively, with the middle band at 1766, indicating that the price is currently hovering around the middle range. The Volume oscillator is at -4%, while the Moving Average Convergence Divergence (MACD) is at -7.13, indicating a bearish trend. The Stochastic oscillator is at 78, indicating that the asset is close to overbought territory. The hourly Exponential Moving Average (EMA) 50 is currently at 1764, indicating that the short-term trend is neutral. On-Balance Volume (OBV) is at 20.865M, suggesting that there is overall buying pressure in the market. The 24-hour high is at 1829, while the 24-hour low is at 1766. Ethereum is expected to breach the $2000 ceiling in the coming months due to several factors, including the increasing popularity of decentralized finance (DeFi) applications and the launch of Ethereum 2.0, which promises to bring scalability and efficiency to the network. The current dip in the market presents a buying opportunity for long-term investors. In summary, while the short-term trend for Ethereum appears bearish, several positive factors could drive the asset's price upward in the coming months. Investors may want to keep an eye on the Fibonacci retracement levels, the Bollinger bands, and the MACD to make informed trading decisions. Additionally, the OBV suggests that buying pressure is present in the market, indicating that long-term investors may want to consider adding Ethereum to their portfolios. Bullish scenario: If ETH manages to break above the 4-hour timeframe upper Bollinger band of 1840 and the 4-hour timeframe 1 Fibonacci level of 1800 with strong buying pressure, it could indicate that the bulls are in control and that a potential uptrend may be forming. In this scenario, the next major resistance level to watch would be the 4-hour timeframe 1.618 Fibonacci level of 1871. If ETH manages to break above this level, it could trigger a potential surge in price, with the next key resistance levels being around the $2,000 mark. Bearish scenario: If ETH fails to break above the 4-hour timeframe upper Bollinger band of 1840 and the 4-hour timeframe 1 Fibonacci level of 1800 and starts to decline, it could indicate that the bears are in control and that a potential downtrend may be forming. In this scenario, the 4-hour timeframe 0.5 Fibonacci level of 1743 could provide a key support level. If this level fails to hold, the next major support level to watch would be the 4-hour timeframe 0 Fibonacci level of 1686. If ETH breaks below this level, it could trigger a potential sell-off, with the next key support levels being around the $1,500 mark. Good luck!
by MonoCoinSignal
23
Gold Forms Double Top at $2000 Daily Resistance, Possible Sell Welcome traders! Today we will be looking at GOLD for a possible sell setup. At the moment, Gold is at a very strong daily resistance level, with the market forming a double top at this level. we are also near a key market resistance of $2000 which has held as a strong level in the past. With these factors in mind, it may be a good time to consider entering a sell trade on GOLD. targeting the next level of support near 1950 or even 1920 If you found this analysis helpful, please give it a like and follow for more updates. Don't forget to leave a comment with your thoughts or questions! 🤝
OANDA:XAUUSD
by TheTradersAvenue
26
EURJPY > Possible Simple Buy At Trendline Support Welcome traders! Let's take a look at EURJPY. There's a possible buy opportunity as we have strong trendline support that has been tested multiple times, indicating a possible bullish reaction soon. If the trendline support breaks, we could see a strong move down. so look for confirmation first, like double bottom or bullish candle formation Keep an eye on the price action near the support level and wait for confirmation of before entering a long position. Don't forget to follow, like, and comment for more analysis!
by TheTradersAvenue
33
EURUSD > Bearish Opportunity with Bearish Harmonic PatternWelcome traders! Today we'll be looking at the EURUSD pair and a possible Sell opportunity. We have a bearish harmonic Cypher pattern at the entry, which could provide a good risk-to-reward ratio but not as good as the second place which is at a strong supply zone. Looking at the chart, we can see a bearish Cypher pattern forming on the 4-hour timeframe, with the price at the key Fibonacci level. This pattern could signal a reversal and provide an opportunity for a sell trade. To enter this trade, we could basically enter now if it is still at the entry point or set the limit entry at the D leg completion, my favorite place will be the 2nd place on my chart, is to wait for a further push to the upside and then look for a sell it will give much RR, but we will see Don't forget to like, comment, and follow for more analysis!
by TheTradersAvenue
15
ADAUSDT ShortTime Frame: 4H Symbol: ADAUSDT Entry: 0.3671 TP: 0.3414 SL: 0.3849 Bias: Short Today we see no commitment of critical cost development. The ongoing cost setting uncovers some unremarkable trading open doors across different instruments. We want to go for our plotted projections while exchanging individual money matches. The main thing is cash the executives . In the event that we can appropriately deal with the position ,any predisposition can be transformed into positive result. Our projection is directed by short and long haul specialized and central examination.
Short
by NationCryptoSignals
Possible Sell Opportunity Ahead as Price Nears Strong ResistanceHello Traders! Today, we'll be taking a look at GBPUSD and analyzing whether a possible sell opportunity could be on the horizon. Firstly, we have a strong resistance level located near 1.2400 which has held up well in the past, indicating that it could be a key level for price action to react to. Additionally, there is a possible AB=CD pattern that could compete at this level, adding further confluence to our analysis. Furthermore, we can see that the market has failed to break through this zone before, suggesting that there could be a high probability of a price reversal or retracement occurring once again. Taking all of this into consideration, we could potentially look for sell opportunities near the 1.2400 level. However, as always, it's important to remain mindful of any potential changes in market conditions and to use appropriate risk management strategies. Happy trading! If you found this analysis helpful, please give it a boost it and feel free to leave a comment with your thoughts or any questions you may have. Don't forget to follow me for more analysis
Short
by TheTradersAvenue
23
Bearish Signal Detected as Market Reaches Resistance LevelHey Traders! Welcome to this analysis of EURUSD. The EURUSD pair is at resistance, it means that it's hard for the market to go up further. There's also a pattern that looks like two mountain tops on a chart, and this can be a sign that the market might go down soon, a Doji candle which means that the market is not sure what to do. This might be a good time to sell, but it's important to know that there is some very important FOMC news coming out soon that can affect the market a lot. So, we need to be careful and see what happens. To sell, we can wait for confirmation that the market is going down and then sell. Or we can sell now, but we need to be careful. Thanks for reading! Don't forget to ask any questions you may have.
by TheTradersAvenue
1
EURUSD Analysis: A Potential Sell Setup for Smart Traders!Hello traders! Today, we'll be looking at the EURUSD pair and a possible sell opportunity. As mentioned, we have a supply zone on the 4-hour chart where the market previously dropped twice, and trades failed to push the market further. Additionally, we have a bearish harmonic Bat pattern completing near the structure supply zone. This confluence of factors suggests a potential sell opportunity. One possible way to enter this setup is to wait for the price to reach the supply zone and then look for a bearish reversal candlestick pattern or a break of the trend line to confirm the potential sell trade. Another possible way to enter is to place a limit order at the completion of the Bat pattern and wait for the price to reach the supply zone. Remember to always manage your risk and use proper risk management techniques. Good luck and happy trading!
by TheTradersAvenue
3