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ADAUSD ascending Channel Creates Basing PatternImportant things to note: BTC Flagging for another push. Altpairs led by ETHBTC are starting to move. ETH completed IH&S and moving up, alts will follow once bullish trend established. (over 4024). ADA is range bound in slight ascending channel. Ascending channel creating basing pattern. Expecting small break to downside followed by bounce. Bounce will create 2nd part of cup. Cup pattern will be base for future targets. Important dates: BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24. Hey everyone! Today will be quick because there is not too much going on. Btc is flagging for another push upwards. Altpairs led by ETHBTC are gaining steam and looking great. I have told you in the past, big investment money is rotating into alts for the coming altseason. I know this for a fact. ETH completed IH&S pattern like I mentioned before and it is starting to move. I figure alts will follow slowly once it closes above 4024. ADA is currently range bound in a slight ascending channel. This is great because you can see it is forming its basing pattern. I expect a break but I do not think it will be too dramatic. I think there will be a nice bounce off of support from the break which will create the 2nd half of the cup pattern. This is very important because the cup can easily turn into a cup and handle and be used for future major targets. This is what I am looking for at the moment. The worst case scenario for all of this like I said before would be a move to the diagonal support and a brief touch of the 200MA but that doesn't seem likely right now. We will take it day by day and see what happens. Well, that's it for today! Thank you all for the support and if you have any questions let me know. I will continue to watch ADA and update you all accordingly. Cheers! I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSDLong
by mysticalwalrus
53
GBP/CAD | Potential Upward Movement 🚀 Technical Analysis: The pair found buyers around the 61.80% Fibonacci retracement level which led to a move upward and it violated the highlighted zone. We are expecting a lower correction toward this zone before a new move upward in the same direction of the main trend. ------------------------------------------------------------------------------------- Trade Idea: Buy Limit Order @ 1.73328 Take Profit @ 1.74268 Stop Loss @ 1.72866 Trade Safely 🙂
Long
by Forex-Robot-Nation
AUD/USD | Potential Downward Movement 🔨Technical Analysis: The price is bouncing inside a bearish channel formation where we have a downward movement. A higher correction could be seen to the higher end of this channel. The sellers will join the impulsive wave to the downside after the pullback near the trend line resistance. ------------------------------------------------------------------------------------- Trade Idea: Sell Limit Order @ 0.7371 Take Profit @ 0.7342 Stop Loss @ 0.7386 Trade Safely 🙂
Short
by Forex-Robot-Nation
CAD/JPY | Potential Downward Movement 🔨Technical Analysis: The price found sellers around the 50% Fibonacci retracement level which led to a breakout of the bearish pennant formation to the downside after posting a head and shoulders. A higher correction is expected around the 87.96 USD mark before a selloff all the way down to the target profit. ------------------------------------------------------------------------------------- Trade Idea: Sell Limit Order @ 87.96 Take Profit @ 87.13 Stop Loss @ 88.23 Trade Safely 🙂
Short
by Forex-Robot-Nation
EUR/NZD | Potential Upward Movement 🚀 Technical Analysis: The pair has posted a correction count to the strong support around the 1.7038 USD mark where it found buyers around the 61.80% Fibonacci retracement level. The market moved little bit higher but we expect a lower correction before a huge rally to the upside. ------------------------------------------------------------------------------------- Trade Idea: Buy Limit Order @ 1.70605 Take Profit @ 1.71176 Stop Loss @ 1.70356 Trade Safely 🙂
Long
by Forex-Robot-Nation
EUR/CHF Potential Upward Movement 🚀 Technical Analysis: The price is bouncing inside a bearish channel formation to the downside before it posted an inverse head and shoulders which led to a breakout to the upside. A lower correction might be seen to the highlighted zone before a move to the upside in the opposite direction of the main trend. ------------------------------------------------------------------------------------- Trade Idea: Buy Market Order @ 1.08997 Take Profit @ 1.09266 Stop Loss @ 1.08892 Trade Safely 🙂
Long
by Forex-Robot-Nation
GBP/JPY Potential Upward Movement 🚀 Technical Analysis: The price is bouncing inside a bullish flag formation. It has a bias to break to the upside which shows that most probably the pair will continue its main direction to the upside, but before a lower correction might be seen to the highlighted zone. ------------------------------------------------------------------------------------- Trade Idea: Buy Limit Order @ 154.84 Take Profit @ 155.60 Stop Loss @ 154.46 Trade Safely 🙂
Long
by Forex-Robot-Nation
Nifty / Small Cap Relative StrengthThe honeymoon period of Small Cap sector might be coming to an end now at the PRZ of a Bullish Harmonic AB=CD and Ichimoku Kumo support, 1.60 approx could see a halt in the outperformance of Small Caps over Large Caps that have been on a sideways to downward correction since FEB 2021. However, if it manages to breach further below then the Small Cap party of upper circuits will continue Relative Strength does not mean Small Caps will stop rallying, it just signifies that upon reversal confirmation Large caps will start doing better than Small caps.
NSE:NIFTY
by Dinesh_C_Nagpal
Reason Why You Are Always Late To Bitcoin Party!No matter how hard you try, how advanced indicators you use, you are always one step behind right? Well, i might have some explanation and a solution for you plebs. Vast majority of the market trades Bitcoin with USDT, but did you know stable coins have been added to crypto space long after crypto pairs? That said stable coins made it 'easier' for plebs like us the trade coins. They are meant to bring us, "the dumb money" in to crypto game and to be honest, this strategy really worked. It brought millions of new bees in to the market, just to be ripped off! Let me tell you the truth, if you trade Bitcoin against a fiat currency, chances are you won't succeed in trading. The only way you can make money with fiat pairs is to HODL. You are less likely to success if you try trading it and there is a reason for that. Price effect on crypto's are reflected to fiat currencies AFTER their crypto pairs. That means whatever happens, happen at the crypto pairs first and then fiat pairs are priced. Want proof? Look at Ethereum/ Bitcoin pair at 8 May @16:00 when Ethereum started outperforming Bitcoin and Bitcoin was flat against USDt. It took 3 hours for the fiat pair of Bitcoin to start falling! while some whales were exchanging their Bitcoins for Etherium, you were hoping for a breakout which turned out to be the exact opposite! Imagine what you could have done if you knew what's going to happen in 3 hours, that's how whales fool you! This is why you will never be able to trade Bitcoin in fiat pairs successfully! Try trading Bitcoin with ethereum, bnb or dogecoin and see it yourself! Lessons learned: Always trade Bitcoin with crypto pairs in a bull market!
by BitcoinMillio18
7
GBPUSD 4HR TIMEFRAMEMarket Structure: Bullish GBPUSD Is trading in the zone (in the green highlighted box), and I am waiting for a breakout to occur. If it breaks the blue line (1.40080), then I'm waiting for buy pending orders. However, if it breaks the red line (1.36746), then I'm hunting for sell orders. Market Structure is bullish, however, you'll never know what might happen in this market lol. When a breakout happens, TP'S are in place. If price continues to go long, I'll add more TP'S when the breakout happens. REMINDER: Always take profit/partial profit after TP1. Price majority of the time retraces to original entry, and continue to buy/sell onwards.
by JOAxAgyeman
USD/CHF Might Prepare Its Rocket To Be Launched 🚀🚀🚀💡 Trade Idea 📈 USD/CHF | Buy Limit Order @ 0.9240 🎯 Target Profit 0.9372 🛑 Stop Loss 0.9196 ❌ Do not risk more than 1% of your account on each trade 🙂 Good Luck ! Description: The price was in a clear upward movement before posting a correction count in a form of a wedge pattern. We have confluence zone between the daily support and the trendline of the ascending channel, and this could lead to a move upward to the 0.9372 USD mark. ------------------------------------------------------------------------------------- Please press “Like” if you appreciate the trading idea 👍 “Follow” for more trading ideas in the future 👀 “Comment” below to share your thoughts with us and other traders 👥 ------------------------------------------------------------------------------------- Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
Long
by CollegeofPips
The Ethereum Dilemma.Prices trading near a horizontal level are always my favorite positions to discuss. Here, we can consider two great opportunities with good risk reward. Entering near a horizontal area ALWAYS gives great risk-reward, which is why you'll see me often talking about those. The first and most obvious trade here is a long trade upon the breakout. However, we have already seen a breakout here with two wicks slightly above the resistance and the price did not manage to pull through. The second trade idea would be a short trade on the reversal near the resistance, assuming it would hold. This would be a great idea too, yet risky as the price is in a clear uptrend and the entire market is in an uptrend right now. That's why in this case I suggest waiting for confirmation before entering a position. If it clearly breaks out upwards go in with a long trade, if it clearly moves downards again go in with a short trade. However, to make things complicated. I don't see the volume and volatility either to go all the way to the all time high right now or back to the $1000 level. That's I would suggest to keep this trade small for now and trade towards the smaller horizontal zones. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
COINBASE:ETHUSD
by Trading-Guru
19