Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price some days ago entered to range, where it firstly declined to the current resistance level, which coincided with the support area and at once started to grow. In a short time price reached the 71000 resistance level, which coincided with the seller zone...
Price action has been channeling in a zigzag pattern. Micro bearish impulse downward leg in development. Just pointing out levels to watch.
Impulse downward scenario up-to-date. As expected by the last bearish analysis, CZ coin is heading down to fall @ demand zones after a Head and Shoulders breakdown. Pullback to neckline accomplished.
JASMYUSDT DAY TRADE RSI at day timeframe formed a bullish divergence. Downward channel broke. If Day candle close above 0.004547. then we can now entry for a long position.
Hello traders, today we will talk about EURJPY currency pair, which remains bullish based on recent price action from technical point of view and wave structure from Elliott wave perspective. EURJPY is bullish, but it was slowing down for the last month, which we from Elliott wave perspective clearly see as an A-B-C correction within uptrend. With recent...
in this downward channel as soon as the price reaches to our resistance trendline ,with return confirmations in the downward direction , we can be on short orders and move in the direction of the channel.
What Happened: Price broke market structure in mid-May (price broke out of the bottom of consolidation zone, now the supply zone, and then broke higher). About a week later, the top of the downward channel was not respected. A strong rejection would have given a good indication that although market structure had broken earlier in the month, the down trend would...
BTC confirms and strongly tests this channel 9 Times from April 2021. if breaks then look for the new bull session and if downward then wait for a squeeze of low channel squeeze or strong wick. previous targets reached, check it out. Feel Free to ask any questions. Like and Follow for more sharpness Thank you.
All details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting breakout charts. Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation.
All details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting breakout charts. Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only educational purposes and not a trading recommendation.
Price has broken out of the resistance area of a long term downward channel at a major support area. It has tested the same area as support and has currently been holding showing a very promising hammer candle. Here is the play I will be taking on this pair: P =0.69465 SL = 0.68865- 60 PIPS TP = 0.70889 - 141 PIPS
Downward channel falling into a major support zone on this pair. small morning start candle stick pattern on the 2hr timeframe. it would be a safer trade to get in after the breakout then a retest, Im just trying to catch it early. Here is the play I will be taking on this pair: OT = MARKET BUY NOW P = 1.63255 SL = 1.62865 - 42 PIPS TP = 1.64541 - 125 PIPS
PLTR missed forecast by nearly 45%, the CEO (Karp) has been critical of short-term event horizons. Couple the previous miss with: - Economic: Macro headwinds due to sharply rising prices w/ rampant inflation that's looking to be persistent - Technical: Support on the 20/50 EMA will be tested again seemingly, bigger focus is being rejected without gaining...
On weekly chart, I marked #1 with down rate 68% and #2 also 70%. Both have the same RSI signal below 50. So #3 with RSI signal below 50, this is a warning for downtrend. I think so. We have a support at 2000. Let's wait.
sell nitrate and hold up.......................................................................
On the weekly timeframe we have a downward channel and price is currently bouncing off a support/demand zone as well as the trendline. The overall trend for this pair has been down, so if price decides to break support and fall it would actually be (expected) because of the trend (even though I am taking a buy on this trade) If price breaks and retest the...
Bitcoin Comprehensive Analysis Bitcoin is still in this downtrend channel and as long as we are in this channel, We can't expect the trend to reverse! I think there can be a pullback(Trend Still Bearish), So this pullback can be continued maximum up to the yellow area. 40K is the most important support area, I don't think that This support is going to break...
AUD/CAD is currently in a downward channel Price has stalled and traded sideways for the past 2 days at a resistance zone. I am waiting for price to break below the uptrend line on the 1hr timeframe which is extremely close to doing so at the moment. I have set the following pending sell stop order to capitalize off the trendline break. PAIR = AUD/CAD ORDER...