Creating a nice base near highs Volume contraction Negative: EMA's Flatting which means the price is lacks momentum Caution: Overall market conditions are highly volatile which can impact the trade idea
#STX/USDT #Analysis Description --------------------------------------------------------------- + The chart shows a strong ascending trendline acting as support, originating from the low in mid-2022. This trendline has been respected multiple times, indicating its significance.+ + The price has broken above the previous resistance zone around $1.90, now acting...
Hi guys. This is a Technical Analysis on Tesla (TSLA) on the 3 Day chart. BRUH.......I was aspecting prices to be around the FIB retracement levels i pointed out in my previous ideas (200-220 range) a little longer. Though its still possible we can retrace back down from this current area. BUT Some bullish signs exist, therefore in my opinion we are Bullish...
#The Pattern is a simple Support and Resistance Points to Look: 1.The Channel Pattern is slanted downwards, this pattern has a high success rate! 2.Inside the pattern the recent trend is Bullish (Bullish Candle) 3.There is 'W' shape recovery(21 July 2022 to Now) in the trend which is also a good bullish sign. 4.There is a chance of CONSOLIDATION and tern...
BITCOIN ( BTCUSDT ) 30 minutes timeframe -> Inverted Head and Shoulder. A strong buying level when market is consolidating/downtrend. This indicates after long bearish trends, the price falls to a trough and subsequently rises to form a peak. It has taken support also from 20 EMA and a good green candle ready to make a breakout. RSI also supports it. It can do a...
DXY touched a critical support trendline formed from the Feb 2018 and Jan 2021 lows, and is now hovering just above that line. Also, at the end of Mar 2021, DXY was rejected at the 300 EMA, which was previously a significant support : Now DXY is in a tight spot between the descending 300 EMA and the critical support trendline. I think that the next few...
Weekly AAPL. Purple line is EMA(220W) i actually use it as EMA(55) on every time period but i dont wanted to publish this on a monthly graph so i multiplied it by 4. In the long run EMA(55M) is a pretty damn strong support and the december 2018 bottom was a simple bottom but right now we're seeing a double top formation and 2 bearish candlestick patterns in that...
ZYXI is strong at closing today. Trading in tight channel in since last week. As I mentioned in chart there is a 200 EMA solid support. Buy 1st position here and Add more position on breakout. Set SL according to your appetite. What do you think about this idea? Feel free to ask any questions regarding this idea. Like and comment on this idea for...
Trade Idea: Wedge Breakout + Retest Triangle Breakout + Retest
Perdagangan emas ditutup melemah di harga $ 1349.17/oz pada Sabtu dini hari, ditekan menguatnya Dollar AS setelah pernyataan presiden Donald Trump di Davos yang menginginkan Dollar menguat. Secara teknikal area support kuat pertama yang bisa menahan laju koreksi emas berada di area $ 1344 dan $ 1340, Meskipun Dollar AS sempat menguat tapi tetap belum merubah trend...
MITK has completed a bullish bat in a with a PRZ that is confluent with support from the 100 day exponential moving average. To add to bullish bias, 2 missed weekly pivots sit above price. Entry is placed at the bottom of the PRZ with target at the missed weekly pivot from 12/14. Confluence in the PRZ: Bullish bat 2AB=CD 2.272BC Projection EMA100...
AUDUSD is nearing the PRZ of 3 harmonic patterns presenting us with an opportunity to trade in the direction of the trend. The base of the PRZ coincides precisely with last week's missed pivot in addition to a fib cluster from a series of structure lows to structure highs. The 500 bar SMA and EMA lines may provide added support around the reversal zone. To add...