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BNB breaks out the box; reverse H&S may appearBNB broke the box high at 300, but is currently encountering resistance at 307.5. - Strategies for breaking out of the box: You can enter the market after breaking through 300.0, or wait to enter the market after breaking through 307.5. Take Profit Price: 316.5 326.8 336.8 343.3 Stop loss price: Box bottom point 256.7 Higher R/R ratio: 275.0 - If it successfully breaks through 336.8 or the target price of the box, BNB will have a reverse H&S pattern. The strategy at that time is as follows: (1) Close the long order of the box and using the new funds to make the long order of reverse H&S. The stop loss levels set to 256.7, 275.0 or 300.0; the take profit levels are 395.4, 413.5, 431.6 and 490.2. (2) Continue the bullish trend after breaking out the box, increase the position; the stop loss and take profit prices are the same as above. -
Long
by noah_chen
BTC short term long; long term doesn't.Four hour chart: BTC breaks out the box high of 20479.43, and the upper target prices are 21376.53, 21653.65, 21930.76 and 22800.00. - Strategies for breaking out of the box: (1) The stop loss price is set at the low point of the box at 18131.00, and the take profit price is set at the target price mentioned above. (2) If you want a higher R/R ratio, the stop loss price can be 19028.10 (0.382 support), and the take profit price is the same as above. - Daily chart: BTC is still consolidating in the support range of 19155.86~23123.20, and has not yet broken out the downtrend line. You can pay attention to the upper resistance price: 22800.00 (target price of the four-hour box) 23123.20 25214.57 If BTC breaks out 25214.57 and the downtrend line, it can be confirmed that the daily chart has turned bullish. Therefore, if BTC does not successfully break out the resistance price in the future, there is still a chance to test around 19000.00 again. -
COINBASE:BTCUSD
by noah_chen
2
XRP triangle convergenceAfter breaking the neckline of the reverse H&S (marked by the yellow bottom rectangle), XRP successfully reached a high of 0.5486. - At present, XRP forms a triangular convergence, with 0.4225 and 0.5486 as the low and high points, the price is at 0.4707 (0.618), and there is a top pattern (the lightning mark), and the target price will be at 0.4311. If XRP stops falling around 0.4225~0.4311, you can enter the market with a long order, and the stop loss price can be set to the previous low of 0.4225. - Below support after XRP broke below the trendline: 0.3743 0.3446 0.3260 (POC at the bottom of head and shoulders) 0.2964 -
BINANCE:XRPUSD
by noah_chen
1
BNB box bumpyBNB H&S in ​​August has not yet fallen to the target price of 215.6, and a box is formed between the support range of 253~259 and 300. - Currently BNB is at 275, which is also the neckline range of the H&S. If the price breaks above 275, there is a chance to come to the upper edge of the box again (near 300) and there is a chance to short BNB (the stop loss is set at 307.5 on the right shoulder of the H&S). - If BNB falls below the lower edge of the box, pay attention to the support below: 238.7 215.6 These two supports are also the key price levels of the previous consolidation pattern ; 215.6 is also the target price for the H&S. -
by noah_chen
nifty oct 10 forcastlooking at nifty sgx fututres it has constantnly tesed 17200 level as a resistance with making lower lows and the pullback that was seen after long bear rally was due today it seems but there is mix feeling from dii buying & fii selling today unless we see fii buying as well ithink it will face resistance at 17200 and make lower lows since the pull back has touched 61 % mark on fibonaci retrace ment us market also remains negative will have to wait till get positively offseting earning calls & labour report due october
NSEIX:NIFTY1!Short
by suitableCake97358
XAU/USD Short-Term Recession!• XAU/USD retested 1,641 before resuming its higher high. It was almost to R1 (1,674), which represents an upside obstacle. It could now test and retest the 1,659 - 1,654 support area. • The weekly pivot point of 1,657 is also a downside barrier. Gold could resume its upward trend as long as it remains above these levels. ➥ CONCLUSION: Testing and retesting the support area, registering only false breakdowns could signal the start of a new bullish trend. A new higher high, a valid breakout above 1,680, will also bring great long opportunities. Good Luck Traders!
OANDA:XAUUSDLong
by DredDine
GBP/USD Gains More Bullish Momentum!• In the short term, GBP/USD has formed a triangle pattern. The uptrend line serves as dynamic support, while 1.0931 was an upside barrier. Staying above to this static resistance may indicate strong upside pressure • A temporary retreat or sideways movement was natural following its strong bounce from the lower low of 1.0356. ➥ CONCLUSION: Staying above the uptrend line and retesting the 1.0931 level will validate further growth, with a potential target at the pivot point R1 (1.1260). Good Luck Traders!
Long
by DredDine
Gold analysis of September 2022 TF DayRegarding my previous chart analysis on 11 Aug 2022, gold perfectly confirmed wave C . Gold at the current level of 1696 (strong support in the lower purple box) is going to choose its direction again. For SHORT side Gold is expected to break 1680 for completing wave C. So, there is more room for a down move in the gold price before its reversal trend. Short-term trading Sell 1698-1700 TP 1689/1685/1680 SL set according to your margin Next week's target (medium-term) is around 1645 Next week's target (long-term ) is approximately 1570-1563 For LONG side If gold cannot break 1680, it could rebound at this solid support. Probably see a double bottom at this level. Good luck!!
BLACKBULL:XAUUSD
by ThiMars
EUR/USD Downside Pressure!• The EUR/USD closed the gap, but it ran into resistance at 0.9980 and crashed again. The price failed to retest the downtrend line, indicating that there is significant downside pressure. • It has fallen below the 0.9899 static support once more, but the weekly S1 (0.9880) has stopped the sell-off. The bias remains bearish as long as it remains below the downtrend line. ➥ CONCLUSION: A valid breakdown below the S1 (0.9880) and a bearish close below it triggers further declines and may bring short opportunities. The S2 (0.9810) stands as a potential downside target and obstacle. Good Luck Traders!
Short
by DredDine
XAU/USD Bearish Pattern!• The failure of XAU/USD to remain above the weekly pivot point of 1,715 and above the uptrend line indicates that the leg higher has ended and that sellers may take the lead. • In the short term, the gold has attempted to retest the broken uptrend line and pivot point, thereby confirming the breakdown. ➥ CONCLUSION: More declines were signaled by a break below the 1,707 static support. In reality, the breakdown was seen as a short opportunity. Because gold is strongly bearish, it might approach and surpass new lows. If the rate continues to fall, 1,688 might be a viable objective. Good Luck Traders!
OANDA:XAUUSDShort
by DredDine
ETH Forecast 4HrWhats Up Retail Whales 🐋 Before we start to discuss, id be so glad if you share your opinion on this post's comment section and hit the like button if you gained value! Price has broke major/internal structures. We have the creation of trendline liquidity as inducements to be taken. We have an unmitigated Whale Block created which will fill our imbalance into the zone. If supply hold and we get LTF Confirmations, we will be looking for price to hunt the buy side liquidity. However, we have imbalances right above supply too, price could fill that first before continuing bearish. Important to be patient and wait for LTF Confirmations Remember we are trading human emotions and probabilities Hope you enjoy the content we create, You can support us with your likes and cheers 🙏🙏 ❗️Attention: this isn't financial advice we are just trying to help people with their vision. HooRaa
by HorianaCapital