S&P 500I am overall bearish this week! IMO we will see a push down on Monday, a continuation from Fridays sell off. It will be either Tuesday or Wednesday depending on Mondays candle we will see a rip up to a big resistance of 4100. Then we will make our way back down. if we break down past 1st support of 4000 we can touch 3900, If we break 3900we can touch 3700. This is a big support zone. we might see a bounce but if we either break or bounce up then break down past 370 we can be sure the bears will be in full swing and make newer lows for the year!
Overalltrend
GBPJPY Overall Trend (Daily) April 23Price broke out of consolidation on monthly.
Also, broke neckline of minor major double bottom.
Monthly is still in breakout stage.
Break and retest of daily supply and demand zone.
Expecting zone to hold up for continuation to upside.
Drop to 4H to confirm retest.
GBPJPY Overall Trend (Monthly) April 23Overall trend analysis from a bird's eye view.
We have a major double bottom on monthly.
Also, a minor major double bottom (Double bottom within double bottom).
Triangle pattern breakout from consolidation to neckline of minor major double bottom.
Consolidation at neckline.
Breakout of consolidation at neckline of major minor double bottom.
Currently at a daily supply & demand zone.
View daily analysis in linked ideas.
GOLD TRIANGLE REVEALED - OVERALL SHORT - KEY POINT- GC1! - DAILYThanks for the likes and shares. I really appreciated it, hope to help you the best to have another vision of the market acting as a support idea.
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Can you see how overall trend reveals what is probably going on.
As I like to make it simple for you, there is no hazardous moves.
See how the bleu up trending line and the red down trending one are meeting each other perfectly on the horizontal orange line.
-The blue up trending support line is the most important line in this graph. Probably the best area the enter long from that point.
-The red down trending resistance line is maybe the strongest ceiling on the gold price right now. The price has failed with very important and violent decrease in price following right after the failure to break. It is probably the best place to sell from.
- The orange line is likely to act like a gravity center until the end of the triangle, or, even little bit before the end. From that that point you will probably use your own judgement in how to follow the trend. The orange line could be called "the pullback zone" for the moment but it could become "the breaking point" that will lead to a clear run to the bottom blue up trending support line.
Hope that gave you a bit of insight on what I am thinking about the gold at the moment. Any link with the pandemic? Maybe, but I prefer to look only at the charts. For the moment, I would probably be waiting for best moment to sell it.
SXPBTC - In the buy zone, do we buy?SXP is the coin of Swipe: a multi-asset digital wallet and Visa debit card platform that allows users to buy, sell, convert and spend cryptocurrencies. Basically, a crypto credit card. Yes... another one.
Tired eyes, y'all get the dark chart.
Back in July, Binance acquired Swipe, “To achieve our mission of making crypto more accessible to the masses". A noble goal!
I believe the company still operates independantly, managing their day to do operations and what not; but they are working with Binance as "partners" apparently. Where one owns the other.
You can also yield farm with it, taking a bit of the risk out of hodling them.
But enough boring history. Let's draw some lines on a SXPBTC 4h chart.
We had our ATH back in August, just before the BTC spike. Since then, solid downward channel.
We can take the spike out and see a little tighter, little more sideways of a channel. Still downward.
We are in the historical support, by a large margin. Smashed right through it so far, with a pretty lackluster bounce today. However it is a bounce.
EMA 100 long since abandoned, was a major support before.
MACD is on a slight reversal with some tiny greens sprouting up. decent cross with an upward trajectory but still in unhealthy territory with room to grow.
Stoch is mean looking, overbought with a bad cross at the top.
BUYING IN?
Things were taking off today! SXP was not so much - we had some growth but nothing to write home about.
Wait to see which way we head right now, likely to get a retest of the recent support and if that fails we'll be seeing the gutter down in the next buy zone. You don't need those losses right now.
Conversely, if we see a solid breakout from the upper yellow dotted trend line , might just be game on.
Or spread your buy out over time. Things have been quiet, too quiet...
TP : (based off previous resistance and hit fib levels.
#1- .000150
#2- .000200
#3- .000278
#4- Longer term, I can see previous ATH, but you'll be waiting.
SL: If you're buying the retest I'd set a stop loss fairly tight, 10-15%. If you're okay with yield farming for a bit or planning on DCA'ing, disregard!
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S&P - US500 top-down video AnalysisHello everyone, here is the top-down analysis for US500, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!