$ETH | Crucial Point Before the MergeIf ETHUSD can clear this resistance zone, it will be smooth sailing potentially to the 2K area. Took this trade earlier in the afternoon and capitalized on the short term on the uptrend here. I saw an opportunity to catch this and expected a bounce off the 13 EMA as its uptrend trail has done this multiple times. on the hourly and didn't see any signs of slowing down. Great separation between the 50 EMA as well. Placed my take profit nearing top of my zone and stop below the 50 EMA area for good measure. I did ADJUST my take profit when I saw the initial rejection at the long wick moved closer to the body of the swing high.
Simple 1:1 and I am continuously bullish on ETHUSD
EMAS
$LINK | Short Ride UpLINKUSD has broken the down trend on the DAILY and looks to repeat similar patterns in June and August, with a major difference being that it has also cleared the 50EMA as well as the beginning of a 13/48 EMA cross happening. I think a good ride to the next resistance area will take and a possibility of break through. I placed a LONG BUY for LINKUSD and placed the stop loss below the 50EMA as it has respected this since the 13/48 cross.
Here's my numbers:
Entry: $8.13
Take Profit: $8.55
Stop Loss: $7.72
$LINK | Short Term Long With LINKUSD touching the 200EMA on the hourly, this could be a good spot for a push back to previous area of around $7.12 in the short term especially at extreme oversold levels. This isn't a long term BUY as $LINK has to make it past the downtrend line for me to consider a massive move but in the meantime might as well make a little gain. Good opportunity and based on previous movement, place stop loss below the swing low.
Bear, begins.hi, i see gold price will continue to fall from 1745 area to complete its primary wave C.
trade well,
Alex
Bitcoin long-term view - reducing distances to EMA100Bitcoin long-term view - reducing distances to EMA100
Interesting to see the past BTC All Time Highs and the corresponding distances to the weekly EMA100
From 2013 >> 2017 >> 2021 - the distances decreased each time
Does that mean the next ATH peak will only be less parabolic?
Not necessarily since EVERY trend line can be broken - but maybe a possible fact to consider IMO
What are your thoughts on that dear Crypto Nation?
*not financial advice
do your own research before investing
NASDAQ - 1D - The 3 converging signals. This tutorial looks at the Daily chart main technology index in the World, NASDAQ.
When evaluating its prices, NASDAQ has been down-trending in the past 8 months, in a steep decline. It started from its All-Time-High (ATH), when it held the 16700s level on the 21st of November 2021, sinking over 34% towards the 11300 level on the 16th of June 2022.
However, since its recent low, the NASDAQ kept increasing in price. In the last trading week (8th - 12th of August 2022), prices formed an interesting technical pattern that could give way to a prolonged upward movement. Today, a new candlestick formed, sitting right on the 200 EMA line.
I have highlighted 3 significant patterns which are converging. These patterns increase the probability of such upward movement, leading me to believe in a potential bullish movement:
1- Downtrend Breakout
2- Gap Up or Rising Window
3- 200 EMA (Exponential Moving Average) Breakout
To understand the technical patterns I am discussing, it is necessary to identify two indicators within the chart. These indicators are the 200 EMA (Exponential Moving Average), which is the red line following the price, and the Downtrend Line, which is the purple line connected to the recent highs. I have drawn a red circle to point out where the signals converged.
1- The Downtrend was acting as resistance for over 7 months, from December 2021 until the 10th of August. From then, the Downtrend line will act as a support for the potential upcoming upward movement.
2- The Gap Up in price happened between the market close on the 9th of August to the market open on the10th of August. It brought the price up on a powerful movement, ignoring the downtrend resistance line and sitting on top of it, transforming it into a support line.
3- Major investors and hedge funds use the 200 EMA as a bullish/bearish indicator and a strong resistance/support level. The last candlestick (12th of August) closed above the 200EMA line, which did not happen for over 4 months.
To conclude, the convergence of the 200 EMA plus the down-trend breakouts along with the rising window form an interesting signal that suggests the downtrend might run out of steam.
Happy Investrading!
Triangle Pattern Breakout in 1 DTF//IGL>The good triangle pattern with strong break-out can be seen in the following chart.
>The pattern took 4 supports at the bottom and % resistances at the top!
>Todays close is strong both 1 DTF & 1 WTF.
>In day chart there is a strong support from the 20&50 Day EMA's.
>In weekly chart it has just crossed the 20 Day EMA and heading towards 50 EMA.
>Stop-Loss is fine under the green bullish candle and wait for the Volume's built-up and take the positions accordingly.
BEAR one last push?hi, I see sell opportunity at the top area of wave 4, which is 1817. |
profit target will be wave 5 area at 1637-62, and that price will provide great buy opportunity.
trade well,
Alex
Look at the CHART and the TREND in 1 WTF//HDFC**This is NIFTY HEAVY WEIGHT as you all know and Fundamentally sound also!
Apart that:
>The stock is in side ways trend since 2021 despite good results reported.
>The S&R zone's are clearly respected.
>Let the LEVEL TREND LINE break and then take the positions.
>SL is kept below the EMA's and Target is the Upper Trend Line.
#stable Trade!
DXYHi all,
DXY is in parabolic trend and cash is king.
9 WEMA holding like a hero so no many reason to be bearish until now.
However a bearish divergence can slow the parabolic trend.
If DXY slows down we can see the markets pumpin' for short term.
The BTC and crypto can also see a bear market pump.
What do you think?
RNEabove emas recently broke the 200, ADX @ 38 with bullish PDI momentum - looking for breakout and use the 200
as support
1WTF, Support and Resistance, Critical Levels!//NIFTY 50The NIFTY 50 is in crucial levels!!!
>Lets wait for it break the resistance and then rocket the positions.
>But if it turns bearish we better look into the defensive stocks and trade in them irrespective of NIFTY 50 levels.
Ex: ITC stock, it is in bullish trend since Mar 2022.
>Don't square off your present portfolios instead put a strict S-L, play it safe!
Let's wait and watch the show!!!
GOLD Bull, begin?hi, though i booked some good profits on last sell, i might change my view on gold to be bullish at short term.
for bear scenario, this impulse and correction will act as A & B wave, then we will see one more high for C wave then one last push to the bottom.
for bull, this could be wave 1 & 2 and the beginning for bull long journey for new ATH.
everything can happen here, but not until end of wave C then we can decide further.
For now, I trade what I see.
Trade well.
Alex