What's NextHey everyone,
My last post was just before the last bullish move the crypto market made and was about DOTUSDT precisely. It turned out very well as I published before the move along with a signal that the TP level got hit 2 days after the price consolidated for a day. So if you have seen it, it is perfect because you were able to catch the move. (link down below)
For now, I think that we have been consolidating for too many days now. We might be in a consolidation box (or in a symmetrical triangle), which means that we are preparing for a volatile move after breaking this range.
Looking at Altcoins like ETHUSDT and DOTUSDT, I lean towards a short-term bullish pullback since we will revisit the 50% Fibonacci level in the higher timeframe.
If it breaks to the upside or the downside, we are going with the trend depending on which direction the price goes.
Please comment if you have any questions, I will try my best to answer them.
Thank you😊
Pullback
✅NZD_CHF BEARISH BIAS|SHORT🔥
✅NZD_CHF has hit a key structure level
Which implies a high likelihood of a move down
As some market participants will be taking profit from their long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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Is OXY topping at resistance ? ( Possible Reversal )OXY has run up quite well, especially with the help of heavy buying from Warren Buffet and his conglomerate.
Is it set up for a downturn?
On the chart, the red horizontal line is the market high pre-Covid.
The MACD a lagging indicator has the K and D lines in early convergence
well above the histogram.
Time will tell but OXY might be pulling back into a better price for buying.
Can $ADM hold support and move higher from here?Notes:
* Very strong up trend on all time frames
* Good earnings in the recent quarters
* Basing for the past ~6 months
* Coming up on the right side of its base
* Recently broke back above a key level around ~$87.2 and has been holding this level as support with higher than average volume
* Printed an inside day with higher than average volume
* Bouncing off of its 20EMA
Technicals:
Sector: Consumer Defensive - Farm Products
Relative Strength vs. Sector: 2.78
Relative Strength vs. SP500: 1.55
U/D Ratio: 1.81
Base Depth: 37.27%
Distance from breakout buy point: -10.61%
Volume 22.31% above its 15 day avg.
Trade Idea:
* You can enter now as the price is bouncing off of its 20EMA and a key support level around $87.2
* If you want a better entry you can look to enter around $87.2 or if it pulls back closer to the 20EMA
* This stock usually has local tops when the price closes around 12.92% above its 50 EMA
* Consider selling into strength if the price closes 12.72% to 13.12% (or higher) above its 50 EMA
* The last closing price is 4.89% away from its 50 EMA
EURUSD before NFP Yesterday this pair broke below 0,9980 confirming the downside move.
Today is the first Friday of the month and we have NFP coming out.
There will be volatility during the news and we could see further confirmation to the downside.
The levels below the parity will act as resistance and we will expect that price should reject them and eventually form a new low.
Once we break below 0,9900 we should see 0,9800 next!
Stops should be above 1,0090 in case of price rejecting the mentioned levels.
A new sell zone on EURUSD Yesterday EURUSD tried to continue falling down but instead of that we saw some strength in the pair and price moved up to 1,0065.
That's why we won't sell until the market breaks below a previous low or it reaches our new sell zone.
The new zone is above the 1,0090 high and in case of price visiting that area, we will look for another rejection.
Today we should wait for another sell signal.
We are definitely not looking to buy!
⭕Best BUY area for NZDUSD🧨🔥 🔰You can see the analysis of New Zealand dollars in US dollars in 2-hour time frames (NZDUSD_ 2H)🔍❗
✴️As is evident in the description, the price after breaking the line has had an upward trend (black🖤) and pullback (orange🧡) has been rigged. If the price reaches the DEMAND range and also breaks the downtrend line (black🖤) we can expect the price to climb to the first supply zone(SUPPLY 1). In case of breaking the first supply zone(SUPPLY 1) , it can climb to the second supply zone(SUPPLY 2) and with the same conditions can climb to SUPPLY 4🧐❗
The areas of SUPPLY and DEMAND are clear in the picture👌
Do you think this analysis can be profitable❓❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
__________📈TRADER STREET📉___________
CADCHF BEARISH SWING OFF RESISTANCE?Pair: CADCHF
Timeframe: 1D , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle, consolidation
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Key Takeaway: We have seen the level of resistance we are now at hold for a few weeks and price cannot seem to break it. If we close below round number and high volume level then we will be entering short
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Level needed: need a close by 0.74470
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Trade: Short
RISK:REWARD 1:5
SL: 15
TP: 75
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
It's time for the next drop on EURUSD There was a weak rejection at 1,0050 but we haven't yet seen the move down towards 0,9900.
This is what we expect to see today but mind that price can re-test 1,0050 again.
A move below 0,9980 will confirm the next drop on EURUSD.
There are also better trading opportunities with other USD pairs, however we should see this scenario developing here as well.
NZDCHF - Looking To Buy Pullbacks In the Short TermH4 - Price is bouncing higher from a key support zone.
Bullish divergence.
Downtrend line breakout.
H1 - Bullish trend pattern.
Currently it looks like a pullback is happening.
Until the key support zone holds my short term view remains bullish here.
CHFJPY MINOR REVERSAL SETUPPair: CHFJPY
Timeframe: 1D , 4H
Analysis: Round number level, trend line, volume profile, support and resistance
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Key Takeaway: Seen price hit resistance for the 3rd time and seeing major bearish reaction. We are aiming to take this trade to support and broken trend which will now act as support
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Level needed: need a close by 143.010
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Trade: Short
RISK:REWARD 1:4
SL: 25
TP: 102
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION