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NZDUSD Ascending Triangle Possible BreakHi Traders! An ascending triangle is forming on the NZDUSD 4H chart, and we could have a breakout soon. Here are the details: The market has found support and resistance at both the trendline support and trendline resistance of the triangle, as the market is looking for a direction. Looking at the price action, it looks bullish due to the market swings; the lows and highs are starting to get higher, and additionally, the market has broken and closed above the 20 EMA. As long as the market is still above the 20 EMA, our view will remain bullish. We expect some more consolidation before a possible third attempt at the trendline resistance. Preferred Direction: Buy Technical Indicators: 20 EMA Resistance: 0.61489 Support: 0.61186 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
GBPAUD Correct PA| POC Support| PA Range Evening Traders, Today's Analysis - GBPAUD's - trading with corrective price action that will lead to a bounce Points to conside, - price action corrective - local range low lost - nPOC Support - range reclaim = deviation GBPAUD's immidiate price action is trading at a key support that is the nPOC, a bounce here with a reclaim of the local range will confirm a deviation, this will allow for a bullish bias. the immediate objective will then become the .618 Fibaoncci of the recent impulsive leg down. price action is to be used upon discretion/ management when executing this trade hope this analysis helps, thank you for following my work and remember, “Trading doesn't just reveal your character, it also builds it if you stay in the game long enough.” ― Yvan Byeajee
Long
by AzizKhanZamani
2
THREAD #1 : Ask your coin chart analysis and perspectives !Let's try this new format ! Ask me my chart analysis of one coin you want in comment, if I find something intersting to say and show, I will update the idea with it. This will be only base on my chart analysis strategy. I will not give fundamental analysis, so if you want me to analyse a shitcoin I will do it ! I think it's could be interesting if you want to have another point of view than your own. It could be usefull to compare perspective of evolution or area of interest for exemple. I will also post a comment with the name of each coin I had if you want to react about it or debate. Before to start I want to remind that we are in a period of conflict and news can emerge at any moment with strong effect and reaction on market. So invest carefully on this hard times and reduce your loss exposition on market when you can. Don't forget to take profit too. "Making money in trading is math and respect of strategy, so never let your emotions guide you in uncomfortable positions" As I've already done an analysis on BTC that you can find in LDTP#7 (attached to this idea), let's start with ETH. ETHEREUM ✅ We can find on ETH a similar structure as BTC, like couples of altcoins also (that why it gave me the idea of this thread). So we can find on ETH like on BTC a reversal pattern on support with nice buying volumes on exit which show an interest for the support of the weekly channel. Furthermore we have a conjuncture of supports which confort me in the strenght of it. I will not re-explain the structure of the U-Turn which is barely similar to the Bitcoin so let's continue with perspectives of evolutions. And sorry for my bearish friends but I will not be oriented in that way. We have support, weekly primary support, signal of interest on it, I just respect it. Don't forget that we are in uptrend, we did a great consolidation, but it stay on uptrend and with the growing interest of institutionnals and companies, I don't think it's the great time to speculate on a "to the cave" scenario (exception made if a news changes the dynamic). So I believe we have a strong probability to rejoin the resistance area of $4870 - $4640 in the next couples months. I will prioritize scenario (a) or (b) to do it, 60%-40% chance between this two possibilities I think, but if we reject on the previous high around $3200 (so fail of (a) plan) we need to see a fall of volume and a leak of interest for the bear side and why not lateralization to expect a "sure" execution of the plan (b) (like we saw in July 2021). In the other case if we see constant volumes we will construct a Wyckoff accumulation pattern which could occur to a spring which could bring us to $1500, in a flush probably (scenario (c) - low chance to happen I think). But that mean to break the support and I don't see it. First obstacle is the green resistance, I don't think it will bring a lot of consolidation but maybe more lateralization on it before to go straight to the resistance area and ATH. And it's on this area that we will probably see the next bearish interest. It will be a good opportunity to gauge the bull strenght around three scenarios. (1) breakout of the area and the resistance / lateralization and gauge of the bull strength in a SOS - LPS pattern to conclude by a breakout of the weekly channel by the top. I will not hide this is the strongest possibility but except in a context of bullrun I don't see it realise. And on a general view of the crypto market I see more construct phase for future than bullrun like we had in the past. But if it happen it's not impossible to see it reach $8000 on this phase. (2) Lateralization on the resistance, work of it in a pattern of SOS - LPS, breakout and fail SOS on the resistance of the channel inducing consolidation (to the green resistance becoming support this time or go down to the support of the weekly channel). (3) Fail of the SOS - LPS pattern or simply just a strong reject of the area without working in it. Which could bring a deep consolidation to the support of the weekly channel probably. And for this three scenario it will be important to analysis the market on time to see which one have the more chance of success. I wait your reply !
by Kentg
8
A Great Opportunity to Buy in DASHBTC , let's hunt together ...Technical analysis: DASH/BITCOIN is in a range bound and the resumption of uptrend is expected. The price is below the 21-Day WEMA which acts as a dynamic resistance. The RSI is at 47. Trading suggestion: The price is in a range bound, but we forecast the uptrend would resume. There is a possibility of temporary retracement to suggested support zone (0.0455 to 0.0418). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (0.0455) Ending of entry zone (0.0418) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0502 TP2= @ 0.0571 TP3= @ 0.0630 TP4= @ 0.0727 TP5= @ 0.0920 TP6= @ 0.0972 TP7= Free
Long
by ForecastCity
There is possibility for the beginning of uptrend in LSKBTCTechnical analysis: LISK/BITCOIN is in a range bound and beginning of up trend is expected. The price is above the 21-Day WEMA which acts as a dynamic support. The RSI is at 58. Trading suggestion: The price is in a range bound, but we forecast the uptrend would begin. There is possibility of temporary retracement to suggested support zone (0.00122 to 0.00100), if so , traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (0.00122) Ending of entry zone (0.00100) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Valley" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00156 TP2= @ 0.00173 TP3= @ 0.00220 TP4= @ 0.00288 TP5= @ 0.00336 TP6= Free
Long
by ForecastCity