Simple Trend Analysis…Works on Any time frameOur 20 and 50 EMA are looking like a potential crossing point and thus indicates bullish structure remains. I posted this one to show you all the basic way to spot a trend….higher highs and higher lows are bullish behavior. Very easy way to identify this is drawing “path” tool from lowest points to highest points as long as the next one supersedes the other whether looking at bullish or bearish trend.
Best of Luck Traders. Bitcoin looks like a huge payday coming up. About to cross the 100 EMA on the daily if this pump can happen soon! That’s extreme bullish. If you have feedback or comments let me know below!
Price-action
AVAX/USD set to spike higher todayTL;DR Breakdown
Avalanche price analysis is bullish today.
Support for AVAX/USD is present at $73.2.
Resistance for AVAX is found at $81.1.
The Avalanche price analysis is bullish today as the coin continues upside after rallying high yesterday. The price action is steadily upwards, and the coin price has broken above the resistance present at $77 level as this was a crucial resistance zone, and as a result, the coin price is touching $78.4 now.
As the bullish momentum has been quite steady since yesterday, we expect AVAX/USD to march further high later today and challenge the resistance present at $81.1 as there are imminent chances for bulls to continue their lead.
Copper Futures : H1 Short (Price Action : LH + LL)Copper Futures HGU2021 H1 chart shows series of LOWER HIGHS + LOWER LOWS from July 26 2021. Contrarary to fundamentals (strike in copper mine would create shortage in supply, etc) the technical analysis shows there is a room for some more down side towards 4.285. The downtrend would end if the price trades above previous HIGHER HIGH.
BTC Buy, Fib Levels markedWaiting on Price action entries in these zones.
Double confirmation Fibs line up at the bottom of the purple zone retracement. monitor price action there for turn around, with AO volume divergence.
Entries about 1-5-15-30 mins TFs with ignite strategy, bias long, with tops at 1.618 an 2.618 previous ATH confluence Daily chart.
2% risk entries, roll stops under structure points and ride up. stack orders as risk frees up.
1-6 months to pan out
AUDCAD, WHICH WAY EVENTUALLY ?From the structure , we notice that the structure , from previous history clearly has touched the dynamic support zone , this hints us that the price action will find its way to the dynamic resistance zone , and rom such bias we start to observe the current price action . that forms higher high and higher lows in this case. which clearly signifies the uptrend.
but on observation the price is currently trapped from the lateral resistance and support .
but here is the catch , we will be willing to hop in the trade once the , price action kicks out of that ranging to look for the target to the next price zone.
BTC Crypto Update - Feb 11 2022BTC quickly swept the highs from yesterday but closed the 4hr under 45k
This indicated a liquidity grab that moved price back down where we expected it to go
Still targeting last weekend's CME gap, with some grind down over the weekend
we would reset a lot of the higher timeframe metrics.
If we get the same Price Action as the past weekend keep an eye on Bitcoin Dominance
if that continues to drop then watch Shitcoins, Defi, Alts have a bit of a gain over the weekend
USDJPY BULLISH : Target 117.00, PRICE BUILDING NICELY!My previous analysis indicated a bullish triangle pattern on the daily chart and the market is reacting as expected.
Yesterday I shared a completed cycle of wave 1 with the market correcting, now we have that correction of wave 2 completed at the 0.382 fib level and the bullish trend is back.
Based on Elliott Wave guidelines, Wave 3 should be very strong and not hug the trendline, also we should expect the terminus of wave 3 at the 200% zone is wave 3 is extended, and we are definitely seeing a potential of wave 3 extending.
As always, your thoughts and feedback are always appreciated.
Signed,
Samore
UPDATE: USDJPY BULLISH FORECASTIn my previous analysis, I shared that the daily chart was showing a Triangle pattern, which if confirmed I would be looking for Longs on Dollar.
As suggested, I would wait and allow the market to provide a clear bullish forecast as the Intraday 1Hr was still trending downwards. That trend change is clear and now let's see how this will play out.
As always, feel free to share your thoughts and feedback in the comments.
Signed,
Samore
EURUSD IS CORRECTING>>>> Bearish momentum is to be expected.I shared my analysis on this yesterday in the inked post. Once the market complete a 5 wave cycle it's only natural for us to expect the ABC correction, and currently we are getting just that. Wave B took the shape of a triangle patten and wave C is developing. We are likely to see a 5 wave impulse move here, but lets not get ahead of ourselves.
I have labeled the 0.382, the 0.5 and the 0.618 levels as potential zones for wave 2 to end, but I wouldn't be surprised if we retest the lows of the highlighted zones.
As always, let's see how this plays out, and I would love to hear your thoughts and feedback in the comments.
Signed,
Samore
🌳very important terminologies in Trading🌳Hello every one
🟡(1) Price action
The Movement of an asset or Security's price over Time , Plotted on The chart
🟡(2) All-Time High (ATH)
The Highest asset has Ever been in Price
🟢(3) Support
a Point in the market where the Price is less likely to drop below due to previous demand or price action
🟡(3) Resistance
a Point in the market where the Price is less likely to break above due to previous demand or price action
🔵(4) Trend line
a line indicating the General Price Direction of a chart
🟡(5) break out
when the Price of the asset break through a pre-determined Trendline
⚪(6) Formation
when a Financial Chart moves in such a way as to create a Recognizable pattern.patterns to signal trading opportunities either to enter or exit positions.
🟢(7) pump or bullish
The price of an asset is going up
🟡(7) Dump or bearish
The price of an asset is going Down
🔵(8) Long Position
a Regular Buy in The Market. a Trade that is Predicting the asset will go up in value
🟡(8) short Position
The opposite of a long Position. Entering a Trade position betting the asset to go down in value.
Potential for USD/CAD downside...1.2300 seems to have a lot of confluences pointed towards. Its a heavy 300+ pip movement towards the downside but it could indicated the movements to come on the rest of this week and into next.
It would be a good idea to await a little more pressure to the downside with a downtrend to fully form on the lower timeframes such as the 1 hour.
Upside scenarios seem limited at this stage, but make sure to keep up with the dxy when trading on this pair.
Price Action Is Key!!!Price Action Trading Is A Method Of Trading Where Trading Traders Are Able To Make Trading Decisions About Trades Based On Price Movements - Price / Market Data... Without Relying On Indicators etc...
#1. Price Action Refers To The UP And DOWN Movement Of A Security's Price When It Is Plotted Over Time
#2. Candlestick Patterns - Candlestick Formations - Chart Patterns Are Derived From Price Action.
#3. Price Action Involves The Use Of A Naked Market Chart... With The Use Of RAW PRICE DATA
#4. Price Action Is Definitely Leading The Way... To Trading Without Lagging Indicators
#5. Price Action Does Not Involve Those Messy Charts And Clutter That Takes Up Half The Screen
Possible ADA small breakoutCardano finding a cozy support zone at 1-1.05. Seeing this has been it's home over the weekend , I'm seeing a possible break to 1.10 -1.15 to test new line of support. Be prepared as this just may be a check to see if there is enough room for Cardono to move into. Possible to retrace to .98-1.00. Things are indeed looking hopefull.