USDCAD, Daily TF, buy on supportTrade ideas for USDCAD
Price now found support at MA-200. This is also near 61.8 fibonacci retracement of recent upwards movement.
I think we will see further upside on this pair as all pairs are weakening against USD. Only CAD lagging behind it.
Buy USDCAD 1.2520
Stop loss 1.2450
Take profit 1.3000 (6.8R)
Use only 1-2% risk
Good luck
Disclaimer ON
Ma200
It worth to tryI have bullish mind about bitcoin and how it has been closed on Nov,28.it was very nice just before new week
And on VETUSDT there is pinbar + support zone + MA200 Daily + 0.618 Fibonacci weekly & MA50 weekly at the bottom of the bullish channel
It worth to try and buy
the target would be around 0.1864
and SL at close under the support zone
Do not forget money management
Hope you have a profitable trades
CRO, H&S Pattern, should we worry?Hello!
This is just my personal take on it but for me it seems like it is forming a H&S Pattern, wich is a "Bearish Sign"!
I would watch the area around 0.75 - 0.76 (Yellow Horizontal line) for possible breakout to the upside again though.
IF it passes that line i guess it CAN move further up again, however if it fails and goes down agin (Following the red curve downward), i guess it's a major bearish sign unfortunately!
A critical moment?
Happy Trading!
XAUUSD, Daily trendline and MA-200 supportHello my friends,
In has been long since my last trade opportunity for XAUUSD
After price dropping fiercely from 1870 to 1785 in just 4 days, we finally see some easing on sell pressure.
Price found support on the ascending trendline and MA-200.
Notice there is also hidden bullish divergence on stochastic.
We might see price bounce from this support to retest 1832-1835 area.
Buy XAUUSD 1790
Stop loss 1776
Take profit 1832 (3R)
Use only 1-2% risk
Good luck
CRO in ascending channel?Hello!
Has CRO just recently entered an Ascending Channel taking us up to 1 Dollar?
Only time will tell but it sure looks like it!
If you want to HODL long term a good entry would be the dip (buying Zone), always buy the dips.
If you, however, want to get a fast profit ( ~20 %), just sell at TP mark as shown in the chart.
And as always, dont forget to use SL.
Happy Trading,
Is another ALTSEASON happening?The Altcoin index forms a triangle inside an uptrend channel and two scenarios can be predicted for it:
1. Break the triangle up when AltSeason starts which I hope will happen. Of course, for this to happen, it has to go through a weekly pivot resistance.
2. Failure from the bottom that we should see a deep correction in Altcoins. The failure line is accompanied by a break of the uptrend channel and has the support of Komu cloud and weekly pivot and an MA200D, so I do not expect a quick price correction.
Which do you think is more likely?
A short fall and a good price increase are on the wayThe last time the MA50D and MA200D intersected, we saw a price increase, and as the MA50D approaches the MA200D, I expect the price to rise. But given the bitcoin and USDT.D dominance position, we are a little more cautious.
The most important area of resistance and support seen in the past is 0.259 and $ 0.21, and considering the pattern of the three-star candlestick in the evening, I expect the price to fall to these support points.
Therefore, in three steps, 0.3, 0.259 and 0.2391, we make our purchase and set the loss limit at 0.2.
I see the market falling to 42 thousand dollarsDue to the formation of the shadow a few days ago, it is expected that Bitcoin will try to touch that price range. The most important bitcoin support in the fall can be considered in the range of $ 42,000. Given the USDT.D and BTC.D positions, a relatively weak fall is expected to occur.
Due to the proximity of MA50D and MA200D to each other and the position of Kijunsen line and Ichi Moku oscillator, it seems that the fall is weaker and the ascending trend will start soon. But I am cautious until I see a stronger uptrend in the market. I see the market falling to 42 thousand dollars.
Is the Bull Run Back On? Almost.This chart should be pretty simple to understand. We've broken free of the sideways channel, if we close above it today, strong chance we don't go back under it in a meaningful way for a while.
The bull run was never really over from my perspective, but this may be the end of the shakeout period, or nearing it. In general, I want to see a weekly close above the green line (around 46k) that's drawn from the ATH in the next week or 2, which at this rate wont be hard. That would put us above the MA 200 (purple line), and that tends to be a very strong position for btc.
This is not the worst time to long, but be very careful , because we could do a large retrace at any moment still. once we get above the bull trend line, things will be much safer. A good time to buy spot for sure.
This is not a good time to open a short, unless you're an expert at catching tiny profits from fast retracements. That's a fools errand imo, switch to bull or be left behind.
Its also a nice time to dump some of your alts into btc, as btc.d goes up, many of your alts will start to lag. If you have patience it's no big deal though. Just my opinion. I use alts to get more btc to dump on cycle peaks, so it has that strategic bias to it.
Time to buy the DAX ?This one rejected our support at 15000 forming something similar to an inverse head and shoulder and a double bottom so this one is overall bullish.
The price is now retesting the MA200 on H1 and the support.
Is it time to buy ? YOUR DECISION !
#IDEX / #IDEXbtcIDEX ?!?!?
BINANCE:IDEXBTC
IDEX is a non-custodial exchange that integrates with any custody solution and allows users to trade with one another without giving up control to a third-party custodian.
Or
IDEX (IDEX) is a cryptocurrency token and operates on the Ethereum platform. IDEX has a current supply of 1,000,000,000 with 519,143,593.196 in circulation.
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Technically, OR based on technical analyze IDEX is potential enough to reach two Golden area as I highlighted by Golden line,
Fist target is : 0.00000515
Second target is : 0.00000650
1) Most importantly, we have Anchor pattern here which is really reliable in long-run.
2) Trend line is another reason to Buy as is show the points by Green small arrow.
3) Moving Average (MA200) was best area to Buy in Daily time frame.
4) Fibonacci 1.618 and 2.618 are two main area to reach by price.
PLUG- Future of hydrogen clean energy is uncertainPLUG is arguably the leader of hydrogen fuel cell company. However, there are several concerns that need to be addressed.
#1. Hydrogen clean energy is still at the proof-of-concept stage and the natural gas industry seems to be its biggest advocate. Hydrogen gas is emission-free only if it's made by electrolysis from renewable energy.
#2. Currently, major renewable technologies include hydroelectricity, solar PV and wind power. Unlike solar and wind power, hydrogen doesn't occur naturally and needs to be manufactured from natural gas. This means that the significant time and cost will go toward setting up expensive infrastructure, storage and distribution networks making hydrogen power much harder and much more expensive to scale compared to solar and wind.
#3. Personal transport is one of the biggest application of the hydrogen, yet FCEV (Hydrogen) is steadily losing ground against BEV (Battery Electric Vehicle). The falling battery price and EV tax credit will only accelerate the adoption of EV, further widening the gap between FCEV and BEV.
#4. Sky high valuation and recent accounting issues.
I'm ambivalent toward PLUG and other fuel cell companies in general. However, I think it is a speculative bet and a good candidate for the swing trade given that one of the focuses of Biden's 2.25 trillion infrastructure plan is renewable power and that investors just love to throw their money on anything related to green energy due to the global decarbonization initiative that aims to reduce the CO2 emission by 50% in 2030.
I would initiate a small long position inside the demand zone. Conservative play is to set the target at the daily POC and exit completely. Alternatively, you can sell 50% and keep the remaining position as the potential long-term holding.
Do your own research. Not the investment advice.