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Consolidation

USOil | New perspective for the week | Follow-up detailOil prices did not advance beyond the surge to the $81.20 level, which came on the back of the announcement that the world’s largest oil producers will collude to cut a further 1.7 million barrels from the daily output. The inability of prices to go any higher could not be unconnected to some of the larger economic worries in the market. Hence, throughout the course of last week's trade, we witnessed price action traded within the $81.20 and $79.50 zone. From a technical standpoint, we have no choice but to remain patient for either a breakout or a breakdown of the channel for trading opportunities in the coming week. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FX:USOILSPOT
by darcsherry
APOLLOTYRE - Bullish Swing ReversalNSE: APOLLOTYRE is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:APOLLOTYRELong
by BrahmaBull31
📣 BTC/USD Quick Update: A Look at the Bigger Picture 📣Hey #Crypto enthusiasts! 👋 Before we dive into other markets, let's have a quick update on BTC/USD. We're now in the 3rd week of consolidation, so it's crucial to take a step back and consider the bigger picture. 🌅 🔍 Looking at the weekly chart, we can identify some key levels that may come into play once price breaks out with momentum and direction. 📈 🔐 Immediate Levels: Resistance: £30,000 - £32,000 Support: £25,300 - £24,800 🔐 Beyond Immediate Levels: Support: Just above £22,000 Resistance: £35,000 Keep these levels in mind as you navigate the crypto market, and adjust your strategy accordingly. 🧭 Stay tuned for more updates and insights into other markets. As always, remember to trade safely! 🛡️ #BTCUSD #BitcoinTrading #BiggerPicture #CryptoMarket #TradingLevels #Consolidation
COINBASE:BTCUSD
by JoelWarby
XAUUSD CONSOLIDATION CHANNELThe 1970s is the peak of the consolidation triangle. Serious concerns about the rate hikes due to OPEC+ output cuts might drive the precious metal price to new highs in the 2050s - 2100s range from March 22. Gold remains the safe bet for inflation, economical instability, and war, currently, we are living in a combination set of all mentioned. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
FXOPEN:XAUUSD
by legacyFXofficial
INJUSDT Consolidation and Breakout: A Technical Analysis UpdateIn my previous analysis of INJUSDT, I expressed my bullish outlook on the altcoin, anticipating a consolidation period followed by a push towards the 5.35 zone and eventually reaching 7.50. As we approach another area of resistance, I'd like to provide an update on the current situation, explore the importance of consolidation and breakout patterns in technical analysis, and discuss what we might expect going forward. Please note that I am currently on the Pacific Ocean and have limited access to services, so I apologize for the absence of an acceptable chart. Consolidation and Breakout: A Brief Overview Consolidation refers to a period where a financial instrument, in this case INJUSDT, experiences relatively low volatility and trades within a tight price range. This period of consolidation often precedes a breakout, which is a sharp price movement in either an upward or downward direction. Breakouts typically occur when a financial instrument surpasses a key resistance or support level, signaling a potential shift in market sentiment. In the context of INJUSDT, the recent consolidation and subsequent push into the 5.35 zone align with my previous bullish outlook. The breakout from this consolidation period suggests that market participants are becoming increasingly confident in the asset's potential for growth. The Road to 7.50 As INJUSDT faces another area of resistance, the key to reaching our target price of 7.50 lies in further consolidation and a subsequent breakout. Should the asset successfully consolidate around the current resistance level, it could signal that market participants are gathering momentum for another upward push. However, it's essential to remain vigilant and manage expectations, as it's possible that 7.50 may be the peak of INJUSDT's growth this year. As always, it's crucial to pay yourself along the way, locking in profits and managing risk appropriately. My bullish stance on INJUSDT and the wider crypto market remains unchanged. As we encounter another area of resistance, I believe that further consolidation and a breakout to the upside will be necessary to achieve my target of 7.50. While I anticipate this level as a potential peak for the asset this year, it's essential to remain adaptable and prepared for any market scenario. As I continue to monitor the situation and provide updates, I encourage you to stay informed, manage your risk, and capitalize on opportunities as they arise. And remember, always pay yourself along the way
Long
by bitdoctor
How To Trade the Triangle Consolidation Pattern!Hey Traders today I wanted to take a step back and show new traders the proper way of entering the market when it's consolidating in a triangle. Triangles are very common in trading and know how to identify them on your charts is a great tool to add to your trading arnsenal. Triangles can lead to explosive moves in financial markets so lets dive in and break it down to a science of how to trade it. Enjoy Trade Well, Clifford
COMEX:GC1!Education
by TradeTheIndex
36
Trading ETHUSD with RSI and Pattern Recognition ⏳Greetings, fellow traders! I have identified a potential 5% profit opportunity on ETHUSD. The RSI indicator suggests that the bulls are gaining momentum in this dungeon of despair 🐂. The RO Flash indicator confirms this bullish sentiment by flashing green 🔥. I have placed a stop loss slightly below the target of the Rising Wedge pattern (kudos to TradingView for the new pattern recognition feature!). Let’s see how this trade plays out…🤞 According to a recent lesson I learned, consolidation near resistance or support levels often leads to a breakout failure. Will history repeat itself? Only time will tell! ⏳ To add more confidence to my analysis, I have also used the Anker Technical Analysis (TA) Kit indicator, which combines multiple technical tools such as moving averages, trend lines, Fibonacci retracements and more. This indicator shows me that ETHUSD is following a strong uptrend line and has bounced off the 50% Fibonacci retracement level. This is a sign of strength and continuation 🚀
COINBASE:ETHUSDLong
by AnkerElite
Bitcoin Swing perspectiveHello guys. Hope you all have good time. Today im going to share you my opinion about BTC in 4H timeframe. As you can see in my chart the price consolidate around a strong longterm Trendline for about 10 days and wait for FED decision about Rate hikes and Inflation Data. I think the economic information are stable for now and Price action do the best thing! So when the price try to break this trendline , Sellers come in strongly and move price down till 27000 level. In my view price cant break this line and 29000 level for this time and the price will down to 24000 level and after a rest there , it again start to increase in hope of reaching 30000 level. Its a good time for BLSH(Buy Low Sell High) until the price break the triangle and move in a direction. I hope you enjoy my view. PLEASE dont forget to set an appropriate StopLoss and manage your Risk , Because Nobody Knows about 1 second later and these views are all possibilities. In another word ,We Trade Possibilities Not Realities. Share me your opinion and TEACH me something new. Love you all
Short
by TraderAmin-KZ
2
BITCOIN What Will Happen Next? Analysis! Hello,Traders! BITCOIN did not yet manage To break the key decisive level And I think that before the FED's first rate cut we will See BTC consolidating Between the two levels But after the breakout And 1W candle closing Above the level we will be Able to say that BTC will Go higher and sky is the limit Before that and before the FED acts, I am inclined to Expect consolidation Analysis! Like, comment and subscribe to help us grow! Check out other forecasts below too!
BITSTAMP:BTCUSDLong
by TopTradingSignals
11
Bitcoin Status: Biting our nails waiting for what's next?Everything feels and looks stagnant, what's going on? As mentioned before, it needs to correct a little bit, before it picks up again, which is (again as I said) .. fine. It does not mean that Bitcoin will retrace below the 25k. What I will do personally, is wait till tomorrow, I assume there will be a trigger over the weekend, that will move the markets. *Follow me to be able to receive updates like this (Of course, watch the video as I am explaining everything in detail).
BITSTAMP:BTCUSD
by ChemastroOfficial
4
DT might get out of the consolidaiton soon.DT reported very good EPS and REV and pointed to higher revenues and EPS in 2023, above analysts estimates. Gross Profit Margin of 82%, net margin of 3% and revenues growth rate 35% speaks of the fact that the company is investing heavily in its growth. The Company has a very good EPS beat history - it beat analysts estimates since it got listed. PT 57 SL 37 should be realistic. #notfinancialadvice. Adjust your size accordingly.
NYSE:DTLong
by alpha62539
AUD/USD 1H Technical.Recently there was a bearish CHoCH made on the 1H time-frame for AUD/USD. We might see double sided trade opportunities potentially. Reason for potential long entry; We see that the price recently was consolidating the past days, we might see a jump from the Order block that the price is right now and filling the FVG recently made, retest the S/R area and continuing the consolidation trend by moving up. Reason for potential short entry. The price broke the recent Support level at 0.66550, me might see the continuation of the bearish trend because it was recently discovered a "Change of Character" . It might potentially move lower after retesting the 0.66550 Resistance level (previous support). By any means, moving the price below the Anchored VWAP line and strengthening of the US Dollar, we might be looking for shorts. REMINDER; Always make your own analysis and before taking any kind of trades, make sure you have a solid confirmation about the move that your willing to take. FUNDAMENTAL REMINDER; Watch out for the interest rate decision on 22/03/2023. It will have a really important impact on the US Dollar. Looking forward for your comments on this idea.
by RumbaCash
BTCUSDT, Pump after ConsolidationCurrent Idea is based on a theory that the Asset after a long lasting consolidation is pumping at least to the range of that Consolidation. The range is between 1 to 0 Fibo levels, expecting area to reach is at -1 Fibo, now the price is below -0.5 Fibo level, retracement may happen. As weekly candle closed strong I would check the area around the Middle of 1W candle for potential reversal up. PS. That's my first shared Idea, wanna check how the mechanic works.
Long
by them8
A definite move on BitcoinOften not, traders love to say that the market goes Up or Down. That's the movement of the market but what will definitely happen on market is that it will go through the expansion and contraction phases and when the market goes into contraction, the expansion will be next. As a trader, I will be waiting for a break and close BEYOND the trendline, but as a Bitcoin collector, now could be a time you can consider buying some in case the market moves against your wish. However, in a 51% scenario, BTC is most likely to have its first break towards the downside, but I won't bet on this. It depends on your capital and your mindset. Are you okay with missing this and waiting for the next setup(that's me), or do you want to buy some due to FOMO(I used to be that way). So when I'm caught in such a dilemma, I will buy one-third of whatever I'd set aside for this and the remaining two-third for future purchases. What will you be doing?
BITSTAMP:BTCUSD
by RaynLim
3
OXTBTC - Wedge Ranging for a While. Profits to be had!We can see the price of Orchid has tested it's strong downward trend line on multiple occasions historically, and has been rejected on every attempt. In reality there's only a couple of months left until this final section of the wedge formation OXT seems to be trapped in finally closes up and the price would then have to find a new natural trend. This can mean limited profits from lots of markets, but here we're seeing a very healthy 20-30% per swing from top to bottom of wedge, this is huge and you should expect some very healthy and quite predictable profits from this. If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
O
by theCrypster
12