ETH DAILY CHART WITH PP AND SUPPORT AND RESISTANCES!Hey everyone, here is a daily ETH chart with pivot points and support and resistances to look out for!
Be safe and make good trading decisions!
much love
nick
Pivot
EURUSD MIGHT TARGET 1.1800 THIS WEEK IF TRENDLINE & EMA BREAKSDepending on the new weekly pivot points, shall the trendline break the price will likely target 1.1800 region. Shall this happen, then it would likely be just a consolidation move before the downtrend resumes again.
Shall the criteria meet, i will put the details of entry in the comment section.
GBPUSD Let's Go On Yes After a Long Time I'm back And my First Analysis is going To Be on GBP God this currency Is Like an unControlable Hourse
Let me Tell You a trick Which I Always Use in Hard Times and that's Using UK100 and USDCHF so the secret revealed and now I think you KNow how to use it but AlWAYS pay attention to News and consider Differences Between Stock And Currencies (for example in this case UK100 started upward trend sooner than GBP) Which I definitely Will Talk about it
EURUSD 4hr LONGEURUSD bears are looking tired. They've stalled at the outer pivot support level of 61. They've failed to make a new low and the bulls look to be entering the market.
PLTR could see a big move !!!PLTR setting up for an interesting move. 22.68 is a big pivot point if it breaks this we can see a run back up to 27.
ETH, The decision is upon usHe had a wonderful couple of days in crypto world. If you look up to the 2Daily chart you see nothing but green and we are nearing danger-zone where pivot is seriously possible. Upon breaking through and retesting, this will obviously be a bullish sign which would need extra time and energy to double check some alts charts in relation to ETH, BTC.D and BTC/ETH. Upon rejection we are looking 2 highlighted areas for possible local pivots, but I lean towards retesting the lows (2k area). We will see how it develops.
My bias is to the downside, and upon getting that scenario, we will have to be extremely patient to find new entry points for macro way up, which is ahead of us (in possibly not so short term future).
FYI: 21 and 35 EMA in red and blue, 200 EMA yellow.
Have a nice day folks.
BTC bitcoin weekly pivot setuppossible to play this is rejection. or loss of the H3 level. target is purple line or L3. stop loss at the H4
ETH USD - August UpdateHello Traders and Analysts,
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities.
Breakdown
1. Note
2. Contents
3. Research breakdown
4. Education recap
5. Information on Lupa.
Master Key for zones
Blue = Monthly
Purple = weekly
Red = 4 Days
Yellow = 16 Hours
Orange = Daily
Dark Green = 8 Hour
Grey = 4hour
Pink = 1 hour
See the original idea May 25th 2021
Assessing ETH & BTC Dominance
Below is the ETH vs BTC on the monthly chart.
Applied imbalances on both charts side by side.
ETH vs BTC
Ethereum imbalances applied vs the monthly Bitcoin imbalances.
Below are the monthly imbalances
Firstly using the monthly timeframe, this has provided two key zones of interests for long positions.
(i) the first zone has created a perfect early opportunity where price has firstly established a high of $143X dollars and retested the low - creating an inefficiency between the high and the low. Now from the low test - price has confirmed a strong imbalance where price can now target to create an equal high.
(ii) the second zone which marks an in efficiency - is between $200 - 490, where the monthly zone had created a bearish month - by creating a pathway from the bearish candle high, notice how price closed out the previous wick on the falling pattern back in July 2018. This is the key identifier which price has re-aligned creating a fractal pattern on the weekly.
where;
(i) A bullish fractal is created when the low point is established, with two higher low bars/candles on each side of it.
(ii) A bearish fractal occurs when there is a high point with two lower high bars/candles on each side of it.
Here are the weekly imbalances
Here are the three zones which are imbalances created in the past. Price is currently forming a weekly/monthly imbalance at this moment, however it is difficult to determine without a close. So longs are still activated in a buying pattern upon the long term outlook and short term outlook .
The first zone established - has been created using the previously created all time high from $1100 - $1400- the previous monthly wick has been closed out by the imbalances of the buyers and can become the lowest imbalance but also the strongest to identify where price will able to drop to in a bearish probable scenario.
the second zone is placed above - where price created a retracement from the high established.
Using the Fibonacci tool, price aligns to a low of 50% which touches the zone perfectly. This is a perfect pivot point to complete the overextension sequence using the weekly. [refer to chart ii ]
Chart ii
The bears are coming! - which is normal as part of buying and selling imbalances.
Using the 16 hour timeframe:
Below are the sixteen hour imbalances where - price has shown a good opportunity for price to react to the following zones.
Note the top zone is a Fibonacci zone - as stated in multi timeframes above.
The true zone according to the imbalances are $3100-3500 for a opportunity to short again .
Let price fall and react accordingly to the zones. Await the opportunity for the imbalance wick to close out - where price will be successfully filled.
The Bears came
and fell to desired reaction level to test $1600-1750 level as expected this aligned with the 61.8% Fibonacci structure and continue to offer discounts to buyers. Yet the 70.5% did not manage to adopt
The reaction occurred as expected as the weekly zone below is the most important established imbalance.
The overall big picture of Fibonacci combined with the imbalances:
Note the 50% & 61.8% of the retracement zones are important here.
Cross pair analysis
Tracking the closest correlated coins . Ethereum, of course being the 2nd highest coin .
Key:
Bitcoin cash - Orange
Litecoin - Sky blue
Monero - Yellow
Stellar Lumens - Purple.
Using a line chart graph, you can distinctly find where price has shown a similar market structure using imbalances. Notice the pattern formation on the in the two current zones. the correlated assets are providing insights, respective to the pathway desired by price between the new imbalances.
All coins have , the extension pathway has created opportunities here to continue longs - where the weekly zones and monthly zones indicate the buying zones or profit targets for sellers in kind.
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Professional analyst with 5+ years experience in the capital markets
Focus on technical output not fundamentals
Position and swing trades
Provide updates where necessary - with new updated ideas tracking the progress.
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Thanks,
LVPA MMXXI
SBIN - Triangle BreakoutSBIN Buy above high
Triangle Breakout coupled with volume
Pivot Breakout Coupled with volume
RSI Brokeout
Target between 5% to 8%
a simple bearish trend based trade ideai believe downward momentum will continue on this pair, possibly for quite some time as the trend is relatively new. i used the pivot levels, and the previous low to determine my take profit 1 and 2, as i split my lot sizes in half to have two entries. i entend to close one of the lots at tp1 and move the other to entry at the same time. Tell me what you think!
GBPJPY Pivot July 18thPrice is still making its way down back to bottom of daily pennant / trend line. Where S1 and S2 is marked.
Marked are possible pivot and small trend line areas of possible support and resistance.
GBPJPY PivotPossible Pivot areas marked using pivot traditional indicator (15 min for intraday pivot levels).
4H has buying pressure and currently forming a W. If pattern holds looking for 152.600.
If price continues down looking for strong rejection from one of the support levels near the bottom of the daily pennant.
Cardano between two important levels. ADA/USD analysis.A strong upward move is expected on the Cardano chart. The reflection from the bottom trend line of the triangle really indicates the tendency for the price movement upwards.
On the other hand, we are just below the strong price level, where we meet weekly Pivot point and daily Pivot point. This is not common and we definitely need to be careful.
However, we will switch to a lower time frame and use our Price action strategy to find a suitable place to enter. We share all the details with our members and they will be the first to enter the market with us.
We wish you a nice traing.
Your UCT
SELL EURUSD to target last support 1945+ Trend still bearish for now on EURUSD.
+ Price is below bulls/bears pivot zone.
+ Down move is expected to target last support.
🗽 Trading idea : Sell from current levels to target support at 1.1945.Put stop loss above 1.20.
✖ Forget sell orders if price close on H4\daily above 1.20.
Important zone for bitcoinBitcoin has 7 weeks with (3 Closing price and 4 opening price between 35600$ and 35828$
this zone is very important for bitcoin
How to use Pivot points Indicators to our advantage!Hi every one
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. The pivot point itself is simply the average of the intraday high and low, and the closing price from the previous trading day. On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
The pivot point is the basis for the indicator, but it also includes other support and resistance levels that are projected based on the pivot point calculation. All these levels help traders see where the price could experience support or resistance. Similarly, if the price moves through these levels it lets the trader know the price is trending in that direction
A pivot point is an intraday technical indicator to identify trends and reversals commonly used in equities, commodities, and forex markets.
Pivot points are calculated to determine levels in which the sentiment of the market could change from bullish to bearish, and vice-versa.
Day traders calculate pivot points to determine levels of entry, stops, and profit-taking by trying to determine where the majority of other traders may be doing the same
The pivot point indicator can be added to a chart, and the levels will automatically be calculated and shown. Here's how to calculate them yourself, keeping in mind that pivot points are predominantly used by day traders and are based on the high, low, and close from the prior trading day. If it is Wednesday morning, use the high, low, and close from Tuesday to create the pivot point levels for the Wednesday trading day.
After the market closes, or before it opens the next day, find the day's high and low, and the close from the most recent previous trading day.
Sum the high, low, and close and then divide by three.
Mark this price on the chart as P.
Once P is known, calculate S1, S2, R1, and R2. The high and low in these calculations are from the prior trading day.
What Do Pivot Points Tell You?
Pivot points are an intra-day indicator for trading futures, commodities, and stocks. Unlike moving averages or oscillators, they are static and remain at the same prices throughout the day. This means traders can use the levels to help plan out their trading in advance. For example, they know that, if the price falls below the pivot point, they will likely be shorting early in the session. If the price is above the pivot point, they will be buying. S1, S2, R1, and R2 can be used as target prices for such trades, as well as stop-loss levels.
We hope that you've learn something with this post .
Have a nice day and Good luck.
AMD Pivot BreakoutAMD pivot breakout on above average volume. Volume was below the average and declining during the consolidation. It is under the moving average but price action is looking strong. Nvidia is leading the way at all time highs after breaking a long term base and I am looking for AMD to start following in the same direction.
Entry: $82.92
Stop-Loss: $78.95 (-4.78%)
Keep an eye on this pivot point! 👁 👍Lyft is doing a nice pullback right now, in the 30min chart. The 20 is pretty close, but since the BB are so spread open, I believe it’ll move sideways for some time.
The 60.26 is a pivot, and if Lyft breaks it, it’ll do something good.
The problem is the RSI in the 4h chart, showing a bearish divergence + false breakout from the top area at 59s. This is another indicator that Lyft is not ready yet, but it can be in the future. It is one of the stocks that are on my radar, but it is not doing anything impressive for now.
Let’s watch the pivot in the 30min chart closely!
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
BTC, we still need a pivot point at topPi Cycle Top indicator worked and daily fibonacci retracement also working. Waiting for new pivot point at top.
18k Bitcoin TargetUsing the daily pivot and fibonacci levels, my current target for bitcoin is 18k. You can see the previous pivot line in blue which can be used to find targets based on past support/resistance levels. This 18k level also has confluence with the 1.618 fibonacci extension based off the first wave down from the top.
NQ Power Range Report with FIB Ext - 5/19/2021 SessionContract - CME_MINI:NQM2021
- PR High: 13213.25
- PR Low: 13181.50
Evening Stats
- Gap: = N/A
- Session Open ATR: 250.52
- Volume: 19k
- Open Int: 225k
- Trend Grade: Retracement
- From ATH: -6% (Rounded)
Key Levels (Rounded - Think of these as a range)
- Long: 14104
- Mid: 12530
- Short: 12598
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
