BTC WEDGE AND PRICE PREDITCIONSI provide a meaningful insight into my trading brain leave a comment if you wish.
Ling
EURCHF LONG✅TP - green lines
❌SL -red line
EP - start of yellow line or buy now at m/exe
In my previous idea i predicted that price will go up, my first TP on this setup hit already (see my previous idea) and i see growth continuation.
Original Analysis
Channel Up identified at 22-Apr-16:00 2022 GMT. This pattern is still in the process of forming.
Possible bullish price movement towards the resistance 1.03712 within the next 2 trading days.
Support Levels
1.0308
Resistance Levels
1.0371
This does not constitute investment advice and does not have regard to the specific needs of any person who may receive it. No warranty is given as to the accuracy or completeness of the information and any person acting on it does so entirely at their own risk.
Link is bullish Link is bouncing off the strong support area formed by the bullish trendline and the mirror level which was previously a resistance level. In case price stays above the trendline, bullish movement to resistance level at 25 $ is expected to happen.
⚠️ US500 growth in the channelMoving with the growing channel since January 2021, the price left the main growing channel in January 2019.
The price is at support 4166.2.
I expect the start to rise as the price has remained in the channel for the past few weeks.
The target is 4292.7.
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GOLD second stage of movement / GrowthThe price has advanced according to my past predictions.
The first thing she did was to fall.
And during the fall, it reached the support zone.
The price pushed off from the zone and started to grow.
It is now also in the process of growing.
I marked on the graph the alternating stages of decline and growth over the past 5 months.
It can be seen that after the stage of a strong decline, there is always a small increase.
This is a correction.
The price dropped from the level of 1870.29 in early February.
From support 1788.18 it began to grow.
Similar shifts in decline and growth have alternated since September 2020.
I expect the price to rise towards resistance.
Target - 1870.29.
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GBPAUD good SUPPORTThe price is on a strong support line. From which I expect growth - the target is the resistance level of 1.841.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
BTC Trade Set Up | Bullish Divergence Hello Traders!
Quick chart update today, a potential trade set up on Bitcoins current formation with a bullish divergence.
Points to consider
- Price respecting down trend
- Structural support at .50 Fibonacci
- RSI respecting trend line
- EMA’s giving price resistance
- Volume below average
Bitcoin is currently at a price level that has historically been support by its trend line. A bounce back into resistance is probable for Bitcoin.
Price has been respecting the blue resistance line, this is in a wedge formation that is coming closer to its apex zone.
Structural support is at the .50 Fibonacci levels, a good technical take profit zone if price manages to reach it, this can be backed by the stochastic upside projected momentum…
The RSI is currently respecting its trend line, diverging from price as it makes consecutive lower highs; this puts more emphasis on the bullish divergence on coming to fruition.
EMA’s need to cross bullish and we need to see sustained above average bull volume to successfully push price up…
What are your thoughts on this trade set up?
Please leave a like and comment,
And remember,
“You never know what kind of setup market will present to you, your objective should be to find opportunity where risk reward ratio is best.”
― Jaymin Shah
