AUDCAD - New Bearish Move 📉Hello Traders 💖
On The Daily Time Frame The AUDCAD Price Reached A Resistance Level 0.91064-0.90806 !
Currently, The Price Failed to Create new Higher High 📈
If Price Stays Under The Key Zone, AUDCAD Can Continue The Bearish Move 📉
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TARGET: 0.89800🎯
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Demand Zone
Bitcoin Support & Resistance AnalysisPrices move because of supply and demand . When demand is greater than supply, prices rise. When supply is greater than demand, prices fall. Sometimes, prices will move sideways as both supply and demand are in equilibrium.
When support and resistance lines are broken, there is a high possibility of a significant uptrend in that direction. Be aware of the stop-loss area when trading on margin
🔴Resistance Line 30191$
🔴Resistance Line 29346$
🔴Resistance Line 29148$
🔴Resistance Line 27837$
🟢Support Line 27201$
The above price level represents an important tipping point, not an absolute analysis for buying and selling. You must be careful about your investment decisions.
Thank you for reading my poor analysi
USDNOK - Resistance Becomes SupportHello Traders 💖
On The Daily Time Frame The USDNOK Price Reached A Resistance Level 10.55525-10.60426 ✔
Currently, The Price Broke The Key Level (Resistance Level Becomes New Support Level)
If Price Stays Above The Key Zone, USDNOK Can Create New Higher Low and Continue The Bullish Move 📈
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TARGET 1: 10.68262🎯
TARGET 2: 10.74918🎯
GBPNZD Long Trade?On GBP/NZD, we have a bullish trend. The market has formed a demand zone where the price has created false breakouts, and where I have identified a point of interest (POI). At that point, I will wait for a price retracement for a potential long trade.
Let me know what you think in the comments.
Happy trading, everyone.
ETH - Key Levels To Watch 👀What's up traders! In today's market breakdown, we're mapping out our latest levels to watch for on the ETH hourly chart.
No need to beat around the bush, let's dive right in...
Ticker: ETHUSDT
Date: 04/26/23
T imeframe: 1H
Key Levels:
Supply: 1935-1965 (1st red zone), 1990-2005 (2nd red zone)
Demand: 1800-1825 (green zone)
Other key levels: 1875-1890 (1st grey zone)
Commentary:
First Republic drama had cryptocurrency bulls gain back control of the market yesterday. However, Ethereum has come back to retest demand at 1800 today.
Ethereum pretty much satisfied the Bearish Scenario 2 from our last analysis on 04/23/23, except it found demand at 1800 rather than ~1770 - a big psychological level.
Currently, we are trading just under ~1875-1890 key zone and supply from the earlier this week that is being respected well. Here are a few trades we could target from here:
✅ Bullish Scenario 1: you want to see price pull back into the demand zone ~1800-1825 and buyers to emerge again for an upside move, possibly into ~1935-1965 supply or higher. Be cautious of the key zone around ~1875-1890 in this scenario. This is the safer upside play.
✅ Bullish Scenario 2: you want to see price trade above this ~1875-1890 zone, retest this zone and turn it into demand to catch a break and retest for an upside move, potentially into supply at ~1935-1965.
✅ Bullish Scenario 3: you want to see price rally and break supply at ~1935-1965, pull back into it to turn it into demand and find strength again for a move into next supply at ~1990-2005.
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🟥 Bearish Scenario 1: you want to see price approach supply at ~1935-1965, sellers to regain control and possibly catch a break and retest of this supply zone into the key zone ~1875-1890 or demand at ~1800-1825. This will be the safer downside play.
🟥 Bearish Scenario 2: you want to see price reject here at ~1875-1890 for a move into ~1800-1825 demand.
🟥 Bearish Scenario 3: you want to see price break demand at ~1800-1825, retest and turn this zone into supply for a further downside move into ~1770.
That's all we got for you in this one.
So what do you think? Are you bullish or bearish on ETH?
Let us know in the comments below!
We'll see you in the next one.
-The AlgoBuddy Team
PFE Large Cap Pharma increased its dividendPFE just raised its dividend On the chart it has been trending downward
as shown also by a down sloping anchored VWAP bands. Price is currently
sitting at long term support and two standard deviations below VWAP.
It appears to be ready to reverse from the deep undervalued area.
In confirmation, teh voume indicator shows moderate increased relative
volume compared with March. I see this as a good opportunity to enter
a swing long trade or investment. PFE has its increased dividend as a
hint to shareholders of increasing earnings also with the next generation of
COVID vaccines in the pipeline along with a diversified line of other
products. The only thing that will slow PFE down in federal legislation to
limit the retail MSRP prices of its products to all consumers including those
with no insurance and commercial coverage outside federal programs.
PFE is solid as a rock. I see the buy signal.
XAUUSD Long or Short?I have an open long trade on gold with a target of 2011. At the moment, my view is neutral. We have a price that is testing a small supply zone multiple times on an hourly chart. Above this zone, there is a larger one that I will use as a basis to look for a setup for either a long or short trade.
Let me know in the comments what you think.
Good trading to all.
MILN Electric Vehicle Penny Stock MULN is a nine-penny stock that is high volatile with a wide ATR.
On the 15-minute chart, price is currently sitting above the support zone
shown by the Luxalgo indicator. Upside to the resistance zone is
nearly 40% which this stock can do in 1-2 days. Just in the past two days
MULN formed a double top at 12 cents near to the VQAP + 2 then tended down.
After the downtrend price currently in the undervalued range one standard
deviation below VWAP which MULN is using for support.
The RSI confirms price as in the low oversold zone while the high relative
volume in the past couple of days affirms trader interest. Once a reversal
is steadily underway I suspect a volume surge will drive price higher
and do so quickly.
I see this as a great opportunity to take swing long trade looking for
at least 1/2 of the upside 40%. The stop loss will be set just below the support zone.
If price moves there the trade is invalidated. If not the target is 12 cents at the
level of the double top or alternatively a more conservative target of one standard
above VWAP ( blue line) at about 11.4 cents. Lastly, there is the alternative of
inexpensive options which if taken strategically can significantly leverage
the returns of a stock trade.
USDCHF I It will go up from demand zoneWelcome back! Let me know your thoughts in the comments!
** USDCHF 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.
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EURUSD Break Weak HighEURUSD is returning to a zone of demand, bollinger bands assist in identifying possible oversold conditions as it breaks through the lower band. The bands have widened representing increased volatility. Price is likely to rise above the simple moving average line and possibly break through the weak high over the next 24 hours.
Although, I am not well experienced, so please do your own technical analysis!!
NZDCAD Is there a Long Trade?On this exchange, we have a market that shows a price in a congestion phase. In my analysis, I have identified a very important demand zone where the price has produced two spikes, validating the zone. Within this demand zone, I have marked another one. The strategy in question involves using the latter as an entry point.
Let me know what you think in the comments.
Happy trading to everyone, bye.
Bitcoin Support & Resistance AnalysisPrices move because of supply and demand . When demand is greater than supply, prices rise. When supply is greater than demand, prices fall. Sometimes, prices will move sideways as both supply and demand are in equilibrium.
When support and resistance lines are broken, there is a high possibility of a significant uptrend in that direction. Be aware of the stop-loss area when trading on margin
🔴Resistance Line 30451$
🔴Resistance Line 30191$
🔴Resistance Line 29148$
🟢Support Line 28136$
🟢Support Line 27846$
The above price level represents an important tipping point, not an absolute analysis for buying and selling. You must be careful about your investment decisions.
Thank you for reading my poor analysi
Bitcoin - Do The Bulls Stand A Chance?What's up traders! In today's breakdown, we're taking a look at some possible scenarios for Bitcoin in the coming days / weeks.
Let's dive right in...
Ticker: BTCUSD
Date: 04/21/23
Timeframe: 1H
Supply: 28525-28800 (1st red zone), 30280-30600 (2nd red zone)
Demand: 27560-27830 (green zone)
Commentary:
It seems like we finally got the break of the bullish momentum in the crypto market. For any upside continuation, this could be a much needed pullback for a healthier move back into 30k+ for bitcoin.
Until we break strong demand at 25000, we can count on bitcoin resuming its recovery so any significant bearish bias should be avoided. That being said, we need to be cautious of supply zones above if we are bullish.
The good thing is that this pullback has identified key supply zones for us that we need to be cautious of, making our long plays easier. We are currently approaching / already validating demand at ~27560-27830. There are a few plays we could target from here.
✅ Bullish Scenario 1: you want to see price hold this ~27560-27830 demand, find strength to move upwards and possibly give us a retest of this demand zone for a possible move back into supply around ~28525-28800. This will be the safer upside play.
✅ Bullish Scenario 2: you want to see price hold this ~27560-27830 demand, find strength, have volume build up to break the supply zone around ~28525-28800, and then retest the ~28525-28800 zone to possibly move into the highs from earlier this week and ~30280 supply.
🟥 Bearish Scenario 1: you want to see price approach supply from a couple weeks ago around ~28525-28800, sellers starting to accumulate and possibly catch a break and retest of this supply zone into demand at ~27560-27830 again. This will be the safer downside play.
🟥 Bearish Scenario 2: you want to see price break this ~27560-27830 demand, retest, find weakness again and possibly move into late March lows around ~27000.
Am Back!!!!!After a long while guys....am back.
Without bothering u on all the details....let's get into today's breakfast(London time)...
If u saw the bullish setup before me....
Indicate below.....u must be really smart!!
If u didn't....dosent matter...(we are eating today, probably...)
Okay....EURAUD has been in a strong uptrend on the Daily and even 4H.....
A retracement to the previous pullback level just happened.(fib 50&60)
Plus.....its in an Ending Diagonal on the 4H..
The probability for a bullish recovery is high
An going in on the LTF with my killer techniques..... Feel free to join me with any entry strategy u have....
Like
......and subscribe......or I'll take ur stop loss😆
GBPAUD I Potential buy from support 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!
ETH - Who Wins This Battle? 🗡️What's up traders! In today's breakdown, we're taking a look at our favorite #2 crypto in Ethereum.
Let's dive right in...
Ticker: ETHUSD
Date: 04/19/23
Timeframe: 1H
Supply: 2044-2068 (1st red zone), 2116-2148 (2nd red zone)
Demand: 1924-1946 (1st green zone), 1826-1860 (2nd green zone)
Commentary:
Ethereum has created a big gap between these demand and supply levels. With Ethereum now pulled back down, this creates an opportunity for a healthier move upwards if we are to continue this rally.
We have just held demand at ~1920 earlier this morning and are attempting to hold it again. This level is a previous double top from a couple weeks and a week ago so it is an important level to look out for. We should not be shorting Ethereum until this level is broken to the downside.
With that being said, volume is currently accumulating on the downside so a break and retest of this level for further downside could well be a good play.
✅ Bullish Scenario 1: you want to see price hold this ~1920 demand, find strength to move upwards and possibly give us a retest of this demand zone for a possible move back into supply around 2050. This will be the safer upside play.
✅ Bullish Scenario 2: you want to see price hold this ~1920 demand, find strength, have volume build up to break the supply zone around ~2050, and then retest the ~2050 zone to possibly move into last week's high around ~2130.
🟥 Bearish Scenario 1: you want to see price break this ~1920 demand, retest, find weakness again and possibly move into last week's lows around ~1860.
🟥 Bearish Scenario 2: you want to see price find weakness again at ~2050 supply zone after holding this ~1920 demand for a move back into the ~1920 demand zone.
Possible 30R Gold Long - Swing trade - Smart Money Concepts/ICT1. Price has come back to mitigate the 4H +FVG (Fair Value Gap) created on the 4th April, sweeping a PDL (Previous Day's Low) in the process to clean out the stop losses of anyone in early longs from this past week. This is an early entry signal and I have started to scale in with a scalp. (This higher risk trading, and not financial advice!)
2. Price has also retraced to a W +OB (Order Block)
3. We have SMT divergence with Silver, which has not swept the same low; another bullish signal in SMC (Smart Money Concepts) - although it would be better to have the SMT divergence with the previous structure than the current one as this is still unconfirmed (Silver can still make a lower low!)
ENTRY: ***IF*** price displaces/moves impulsively away now on the 15m timeframe, it can come back to fill the 15m +BPR (Balanced Price Range) left after the sweep of the 4th April lows. a 15m ChoCh (Change of Character) A.K.A. MSS (Market Structure Shift) would be ideal, but the last 15m swing high to be broken is a bit far away so the BPR fill is the alternative. This also lines up with the 4H +FVG which has a 4H +OB/Demand Zone below it.
I have placed my stop loss below the Pennant's rPOC (Range Point Of Control) for a peace of mind instead of the wick of the stop hunt.
I will post a zoomed in chart below.
USO Up or Down OIL ECOMONY in fluxAs certain countries want to exchange oil for money with anything but USD such as Chinese Yen
or even a cryptocurrency to be launched by US neutrals or adversaries cooperating, USO on
this chart rose dramatically over the past month and is now sitting at resistance as shown by
the LuxAlgo Supply and Demand Zone indicator. The RSI shows possible bearish divergence
perhaps heralding a reversal of the uptrend. I see this as a good place to take a short sell
entry and most buyers have taken their profits. Fundamentally there are enough competing
geopolitical and macroeconomic factors to deprive USO of the energy to push through resistance.
See also the link below from US federal forecasters.
I see this as a short trade at a limit price below the resistance zone and stop loss above it.
Profit targets can be the VWAP, the midline between the supply and demand zones as a 50%
Fibonacci retracement of the uptrend and finally one standard deviation below the anchored VWAP
making for a safe three-tiered take-profit procedure to optimize profit and diminish risk also
adjusting the stop loss at intervals using ATR as a guide. 40% at each of the first two targets
and the remainder at the last. Put options 20-30 DTE at the a strike above the resistance zone
for a good delta are another consideration.
EURGBP - New Selling Opportunity!
Hello Traders !
On The Daily Time Frame The EURGBP Price Reached a Resistance Level ✔
The EURGBP Price Was Trading in a Bullish Structure but The Price Came Under Renewed Selling Pressure 📉
He Failed to Create New Higher High 📈
Currently, The Support Line is Broken🔥
So, I Expect a Bearish Move📉
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TARGET 1: 0.87920🎯
TARGET 2: 0.87540🎯
___________
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Bitcoin Short-Term Support & Resistance AnalysisPrices move because of supply and demand . When demand is greater than supply, prices rise. When supply is greater than demand, prices fall. Sometimes, prices will move sideways as both supply and demand are in equilibrium.
When support and resistance lines are broken, there is a high possibility of a significant uptrend in that direction. Be aware of the stop-loss area when trading on margin
🔴Resistance Line 30487$
🟢Support Line 30191$
🟢Support Line 29346$
The above price level represents an important tipping point, not an absolute analysis for buying and selling. You must be careful about your investment decisions.
Thank you for reading my poor analysi