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Falling

Convergences and a significant retestADA is currently settling down after trending hard all day. ADA broke out of a relatively tight channel today and slightly over shot my price target of 1.049usd. Currently ADA is retesting the broad support area that it has been able to rubber band back into every time it has broke it as of late. This time however price has not rebounded with the same momentum. I expect a rebound if price can close hourly and higher above this area.
KRAKEN:ADAUSD
by zac_destroys_all
12
#Bitcoin : The King For A Correction To Build Its Empire.A possible scenario on Bitcoin's current correction bearish trend. NOTES TO TAKE : - Bitcoin is currently in a bearish sentimental trend with a formation of a bearish engulfing candle stick on the 1D chart. There is still a possibility that it is a bull trap unless we have a confirmation after the close of the current candle stick. The current support line is considered to be at around $51,700 and $52,000 and seems to be the #Bulls are losing it for a further correctional move towards the next support area of $47,000. - Indications are also in favor of the #Bears for now which we might see a fall in the short run. NEXT STOP : If #Bears can finish this run on their favor we are going to stop at around $46,500 - $47,000. Thethering seems to be the smart move now. @TogetherWeAccumulate
Short
by cryptotalk_et
NOWWhen the markets start slipping it's important to be able to play both sides. Sometimes, you find setups like this one where every technical looks overbought, and theres nothing stopping it from falling. At the same time, we're in a bull market, and although all the signs point down, stocks will go up. I'm taking puts on $NOW due to MACD and RSI curling downwards, an overall shift out of tech, and the imminent correction needed in this stock due to how overvalued it's been! There's also a gap to fill from 546 to 543, with an overall PT of 508 in the coming weeks. Good luck!
NYSE:NOWShort
by Samirp01
2
ALGOBTC is trying to have a breakout 🦐IF $ALGO.X will flip the current daily resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
6
GBPUSD FALLING from strong RESISTANCE zoneAnalyzing this currency pair, we see that over the past few days the price has risen and got into the retracement zone of 1.351. This zone is made up of two lines. One of them is strong - educated in 2018. However, the second line of resistance is even stronger! To see it, open the weekly chart - the first touch of the line happened back in 2008 (!) During this time, the price made only one breakdown of the line in 2016, after which the pair fell behind the line and since then has never been able to rise above this resistance line. For several days the price moved between two lines in the resistance zone, and today it is clear that it could not break through the zone and began to fall. I expect it to continue falling, in which case we can talk about opening a sell deal. So the final target I expect is the 1.317 support line. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
12
US30 FALSE breakdown and FALLSince November last year, the index has been in an upward channel and has been moving alternately between the resistance line and the support line. In early January, the price bounced off the support line at 29915 and rose sharply. The strength of growth was enough to break through the resistance line at point 30869. And for the last few days, the price has been moving above the line. However, it is already clear that it began to fall and is now exactly on the line at point 30909. I expect the price to continue falling and return to the line. The reason for this is the resistance line formed in September 2020 and older, that is, it is stronger than the support line. The price has not yet managed to make a serious breakout of this line. And the fact that this time, after the breakout, the price almost immediately returned back suggests that this breakout is false. I expect the price to return below the resistance line and fall to the next support line - 30096. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
UShort
by Lingrid
12