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Correction

BITCOIN: Did it can fly to 48 000$#BTCUSDT as you can see at the chart in daily chart time-frame we have very important and strong support zone in 12/2020 price flew from this powerful support zone to 65000$ i think the scenario will be repeated dont's miss up this opportunity buy and hold it to the next targets at the chart First target: 32000$ Second target: 40000$ Third target: 48000$ i expect there will be a correction move and i expect the price will fly to the target at the chart About technical indicators overview show a bullish move MACD is showing bullish RSI showing bullish EMAs showing a bullish move Ichimoku cloud is neutral Fib retracement is showing bullish ZELMA is showing uptrend-move Parabolic SAR is bullish Accumulation distribution is neutral Awesome oscillator is showing bullish Thank you, and for more ideas, hit "Like" and "Follow"! You may also TELL ME in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
Long
by SafeCryptoSignals
BTC road to $21,300In this chart, you can see BTC broke below the ascending wedge we've had since January. Not only this but it printed bearish RSI divergence with each higher high. It ended with a double top near 23.8-24.3k and the peak of the pump ended with a gravestone doji, which is a bearish candlestick. The last candle was also a gravestone, and am expecting another touch of the lower trendline, which will be broken. Be careful about the moonbois, all the signs are pointing to a correction.
Short
by Rookxb8
1
GBPAUD I Correction and bearish continuationWelcome back! Let me know your thoughts in the comments! **GBPAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
16
Back to Basics – How far a corrective move is likely to goWith several markets showing signs of corrective activity this week ahead of the Fed (gold, EUR/USD, S&P). I want to take a stab at answering that thorny question of how far a market is likely to correct. I am going to use the EUR/USD daily chart for my analysis. First thing I do is note where any trend lines are and ask are they vulnerable? If they are, I then ask what level needs to break in order for the correction to get underway in earnest. For EUR/USD that would be 1.08/1.0775 (location of the uptrend, 20-day m.a., the May peak and the March low). I then apply Fibonacci retracements; this could be one retracement, or it could be several. So how do I decide where to attach the Fibo’s. Let’s take a look at the recent up move on the daily EUR/USD chart. There will be several ways to do this and no one way is right or wrong. But as a rule of thumb, I like to go from the lowest point of the move to the highest point of the move, unless we have a secondary low that is more than a 78.6% retracement of the first low and it is clear that the move started from there. For today I am going to use the .9536 low charted in September. I am also going to apply a Fibonacci retracement from the .9730 November low. Why from that point? Because if you look at the chart you can see that the up move started to accelerate from that point. I then look for convergences. So, we have two Fibonacci retracements – next thing I look at is are there any convergences? On this chart not really, but the 50% and 61.8% retracements are close enough at 1.0191/10230. We also find the 1.0198 September high there as well. So that should act as the floor for any correction down. Just ahead of here lies the 200-day m.a. at 1.0311, and realistically I would like this to hold for a nice healthy up move to remain in place. What happens if this area does not hold? It could suggest that the market is starting to weaken once more, that the up move is weakening… you have to become hyper vigilant. So how do we determine which Fibo is likely to hold? I like to use the daily RSI, I tend to use a 9 period indicator. If you read any textbook on the RSI, they will tell you below 30 is oversold, above 70 is overbought. I say – ignore that – look only for clear divergences to determine oversold and overbought, and also work out from the indicator itself where the support and resistance is – so for EUR/USD that is currently 76 on the topside and 18.65 on the downside (see red lines on the RSI). When the oscillator gets down to 20/18 – whatever Fibonacci retracement is in that vicinity is likely to hold. Bet you thought technical analysts just guessed (too funny!!), well we don’t! Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
Short
by The_STA
DAO Is Searching For The Strong SupportCryptocurrency DAO Maker is trading bearish for the last year, but the wave structure looks like an A-B-C corrective decline that can be slowly coming to an end, ideally at the end of 2022 or beginning of 2023. From Elliott wave perspective we are already tracking a motive wave C, which should be completed by a five-wave cycle of the lower degree. In this case as an ending diagonal (wedge) formation, where final wave (5) of C can be now in play. Technically speaking, we believe that strong support may not be far away, probably here at the yearly lows, here around 1.0 level or maybe slightly lower. There's also a chance for a spike down before we will see a bullish reversal, just keep in mind that first bullish evidence is only in case if we see sharp or impulsive rebound back above 2.55 region. All the best!
Long
by ew-forecast
2
Gold up move has lost momentum - and looks correctiveSignificant loss of upside momentum on the daily RSI suggests that the gold market is vulnerable to a correction short term, you may wish to tighten up those stops. The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
FXOPEN:XAUUSD
by The_STA
Banknify turn negative after breaching 41500As earlier we were assuming bank to be in 4th wave of correction it is invalidated on Friday trading session. The counts are changed now. The labelling has been done so as to understood by a layman. We have breached 38% level and have sustained below it which seems to be opening a risk towards 36500. Please read the chart carefully. Watch complete explanation on YouTube, will try to upload the video by Sunday or today. This is for educational purpose only. Do like/subscribe/comment and watch video on you tube. Regards
NSE:BANKNIFTY
by imkhushal
5
AUD/USD: Possible correction to watchAussie look bearish from this point, but after this bull trend. Aussie look a potential correction from this point toward yellow zone, what it's the smart point to buy, but institutional will make all possible to take a lot liquidations about long position. What you will need to take carefully, it's very surely that Aussie will experiment a correction to $0.7060 USD. a nice opportunity to short there. Beware with long position!!! Wait a little more until I identify very well in the Sydney session any bearish signal there. I will keep update this par, it's a nice opportunity to short!!!
Short
by harisonhbn9718
4
Kyber Network At Attractive LevelsHello Crypto traders, today we will talk about Kyber Network cryptocurrency with ticker KNCUSD, where we see nice and clean bullish setup formation from Elliott wave perspective. KNCUSD sold-off in the second part of 2022, but in three legs A-B-C only, which means that correction can be coming to an end if we consider an impulsive five-wave rally from the lows since 2019 till 2022. Ideal support we see here around 0.60 – 0.40 area and from where we should be aware of a bullish continuation in 2023. First bullish evidence would be above trendline connected from the highs and above 1.0 level, while bullish confirmation is only above 2.0 region. Keep also in mind that we remain bullish as long as the price is above 0.11 invalidation level. Happy trading and investing! If you like what we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BINANCE:KNCUSDLong
by ew-forecast