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Correction

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
GBPAUD I It will rise to resistance +200 Pips Welcome 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!
Long
by BKTradingAcademy
12
Correction of BitcoinHello Traders As you can see in the chart above, Bitcoin is currently in a resistance zone which can cause capitulation. I Screenshotted a metric from Glassnode called addresses with a supply of more than 1K, Which decreased drastically in the previous bitcoin bullish movement; this alone can confirm the technical scenario. On the network data side, I saw most of the bitcoins that moved in the last day were mostly in profits—another risk to the price. Note that this is an Intraday analysis and is only valid for a couple of days or even hours. ------------------------------------------------------------------------ What is your opinion? Comment below. If you like the idea, please hit the boost button and follow me so you will get the updates. The information given is never financial advice. Always do your research too. Good luck.
by Crypto_MD
BTC In A Corrective Pullback: Intraday Elliott Wave AnalysisBitcoin made sharp reversal and strong recovery last week, which we see it as a five-wave bullish impulse from Elliott wave perspective. With recent sharp decline into wave (a), followed by current recovery in wave (b), there's a chance for another wave (c) drop to complete a higher degree wave "iv" correction. Ideal support comes around 20.000 level that can also fill the BTC CME Futures Monday's GAP before the uptrend for wave "v" resumes ahead of the weekend. Happy trading!
CME:BTC1!
by ew-forecast
7
USDCAD I Impulse correction and continuationWelcome back! Let me know your thoughts in the comments! **USDCAD 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!
Long
by BKTradingAcademy
17
DXY USD - MONTHLY ANALYSIS - CORRECTIONThe USD has been in an uptrend since March - 2008 and has been dominating the financial markets and the global economy with toxic pressure since last year. - Today, I would like to present an analysis that takes a closer look at the USD (DXY) from a monthly perspective. We are at several relevant resistance points: 1. FIBONACCI RETRACEMENT | 0.88 - is about to be tested. -> 0.88 FIB = 114.979 -> Marked as a "blue" line on the chart. + Next psychological number would be 115,000 as resistance. -> Psychological numbers are relevant decision points, because the human brain (subconsciously) prefers round numbers, at which more orders are placed. 2nd RESISTANCE TREND LINE | from 2008 -> 7 points of contact since the formation = very strong resistance. -> Drawn as "red" line in the chart. 3. SUPPLY ZONE | from 2002 (gray) -> Time expired, but still psychologically relevant for market participants. -> Drawn in as a "gray" box in the chart. 4. POINTS OF INTEREST -> Points, which are mostly a psychological number, at which some liquidity was traded in the past. = these points can be seen as both "support / resistance". -> Drawn as "turquoise" lines in the chart. These are now only a few indicators of those which are available to us all. However, even without indicators, it can be seen that the USD (DXY) is clearly overbought and a correction (from a chart-technical point of view) should be imminent. Regardless of our analysis, the macroeconomy currently determines the further course of events. Detailed price predictions are thus a matter of blind potshots, and that is the last thing we need in trading. "Correction scenarios" 1. We see a reaction of the trend line and the 0.88 Fibonacci and will correct a little. -> Possible correction target = 107 points 2. The DXY breaks the trend line and the 0.88 Fibonacci and is then finally stopped out by our "SUPPLY Zone + the Points of interests". -> Possible correction target = 109 points "Breakout scenarios 3. The DXY breaks through all marked resistances, makes a fakeout and enters the correction. -> Possible correction target = 111 points 4. The DXY breaks through all marked resistances, confirms its breakout and starts its journey to the 1.618 Fibonacci. -> Possible correction target = 152.129 points Alright, now we can only wait and see what the future will bring us. - Feel free to discuss it in the comments and share our perspectives. Thank you very much and happy trading!
TVC:DXY
by ZielIstDieAutarkie