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Downtrend

EUR/USD: Potential Short Trading OpportunityEUR/USD Daily EUR/USD tested the 200-Day Moving Average at 1.0802 on Wednesday. Our team expect the pair to remain under pressure, because: - The SuperTrend Indicator shows strong downtrend - The price is below the psychological zone 1.0900 and the resistance level 1.0930 SUGGESTED TRADE: SELL EUR/USD - If the price close under the 200-Day Moving Average and under the psychological zone 1.0800 - SELL EUR/USD ENTRY - around 1.0780 after daily candle close under the 200-Day Moving Average and 1.0800 SL - 1.0940 TP1 - 1.0645 TP2 - 1.0533 Client Sentiment: Retail trader data shows 61% of traders are net-long. We typically take a contrarian view to crowd client sentiment, and the fact traders are net-long suggests EUR/USD prices may continue to fall. Traders are further net-long than the last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bearish contrarian trading bias. Please, Support Our Work with Like & Comment! Thank You!
Short
by ForexWithTsanev
Bitcoin Potential Bounce at 27400 then falling to 20-22KMy previous posts were showing the scenarios of a fall to 29500 then 28500 then 25000. So we are on the 25K side, and I told we will need a further analysis to know what to expect. so here is a speculative first one: From my humble perspective, I'd say bears took the command since last week, I can see that from my weekly chart finally. So I doubt we will see price reaching or ranging around 30K yet. Much like a diver who propels skyward before their exhilarating plunge, Bitcoin's trajectory seems to echo this pattern. Anticipate an upward bounce toward the resistance level of 27,400, akin to the diver's swift climb. After reaching 27,400, we may see a fall to a range of 20,000 to 22,000. Time will tell. Don't take my work for granted, do your own analysis, analyze again then take your own decision to trade or not. PS: I've been deceived by the way bears refrained the price to climb above 32K, since in my early post a scenario to climb to 49K was possible, but the charts is saying something different now. So the overall sentiment is more and more BEARISH for me.
Short
by TradeWithAtemak
2
BTC drops, what next?Hello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the one-day interval. First, we will mark the main uptrend line with the yellow line, then we will mark the uptrend line with the blue line from which the price went down. Now we can move on to marking the places of support in the event of a correction. And here we will start by checking the support using the trend based fib extension tool, we will mark a strong support zone from $25537 to $23992, if this zone does not hold the price we can see a rapid drop to around $21621. It is also worth spreading the Fibonacci grid in order to check the entire movement and here we can see that the price drop touched the so-called golden fibonacci point from which it quickly rebounded. We can further increase the level of the next support from $22,232 to $21,621. Looking the other way, we will determine the places of resistance in a similar way. Here you can immediately see that the price rebound stopped at the $26974 resistance, and then we have a very strong resistance zone from $28663 to $31430, only when the price breaks it will it be able to move towards the $35849 resistance. Despite the strong drop in price when we turn on the EMA Cross 50 and 200, we can see that the yellow line of the ema cross 50 stays above the blue line of the ema cross 200, which indicates an uptrend, it is worth watching these lines at this point because when the yellow crosses the blue line from above, it means that it is a return to a very strong downward trend. Please pay attention to the CHOP index which indicates that the energy in the current movement has been used, on the RSI indicator we have also crossed the lower limit of the range which also indicates no energy depletion, and the STOCH trak indicator itself has exceeded the lower limit which confirms the depletion of energy and the possibility of ending the current correction prices.
B
by cryptodailyuk
Netflix. Time to Chill.Today, Netflix's (NFLX) price plunged below the Head & Shoulders neckline, with a pronounced downward move. This breach substantially elevates the likelihood of an extended bearish phase, potentially materializing as a significant sell-off leading into the forthcoming fall season. Projections indicate a retracement towards the 0.5 Fib Extension level, where the price could test support at the mean price of $323.86. This mean price represents the average of the comprehensive bull run, which initiated from the May 2022 low of $162.73 and culminated at a peak of $485, the recent July 2023 top. However, the price could find support at the bottom parallel of the uptrend channel around $370 first before reaching the mean average price target. The RSI has plenty of downside room heading into the next several weeks heading into oversold territory. Moreover, the recent FOMC minutes revealed the Fed's continued hawkish view on inflation and the possibility of further rate hikes. We can also expect more fiscal tightening and an inflation resurgence to fuel the coming downtrends across most of the equities markets, especially big tech and crypto. This is particularly noteworthy as the economy could begin to contract due to overly tightened fiscal conditions, along with the looming threat of another Government shutdown in October. Additionally, credit usage, debt levels, and debt interest amounts are all increasing at a faster pace as we progress under these economic conditions.
NASDAQ:NFLXShort
by MinerChad
1
Netflix. Time to Chill.Today, Netflix's (NFLX) price plunged below the Head & Shoulders neckline, with a pronounced downward move. This breach substantially elevates the likelihood of an extended bearish phase, potentially materializing as a significant sell-off leading into the forthcoming fall season. Projections indicate a retracement towards the 0.5 Fib Extension level, where the price could test support at the mean price of $323.87. This mean price represents the average of the comprehensive bull run, which initiated from the May 2022 low of $162.73 and culminated at a peak of $485, the recent July 2023 top. However, the price could find support at the bottom parallel of the uptrend channel around $370 first before reaching the mean average price target. Moreover, the recent FOMC minutes revealed the Fed's continued hawkish view on inflation and the possibility of further rate hikes. We can also expect more fiscal tightening and an inflation resurgence to fuel the coming downtrends across most of the equities markets, especially big tech and crypto. This is particularly noteworthy as the economy could begin to contract due to overly tightened fiscal conditions, along with the looming threat of another Government shutdown in October. Additionally, credit usage, debt levels, and debt interest amounts are all increasing at a faster pace as we progress under these economic conditions.
NASDAQ:NFLXShort
by MinerChad
1